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Thursday 15 October 2015
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(ZNGA) (TLN) (SO) Active News Update: Zynga (NASDAQ:ZNGA), Talen Energy (NYSE:TLN), Southern (NYSE:SO)

On Friday, Shares of Zynga Inc (NASDAQ:ZNGA), gained 0.41% to $2.47. 3.02 million shares of the company were exchanged.

Zynga Inc. (ZNGA) declared it will report its third quarter 2015 financial results and business outlook on Tuesday, November 3, 2015, at about 1:00 p.m. Pacific Time (4:00 p.m. Eastern Time). In conjunction with the quarterly earnings press release, the Company will post administration’s Q3 2015 Quarterly Earnings Letter to its website at http://investor.zynga.com.

Zynga Inc. develops, markets, and operates online social games as live services played on the Internet, social networking sites, and mobile platforms in the United States, Asia, and Europe.

Shares of Talen Energy Corp (NYSE:TLN), inclined 0.94% to $10.78, during its last trading session.

Talen Energy Corporation (TLN) declared Thursday (10/8) that it has agreed to sell three Pennsylvania power plants with a total combined generating capacity of 996 megawatts for $1.51 billion in gross cash proceeds, subject to customary purchase price adjustments.

The sale of the Ironwood combined-cycle, natural gas-fired plant, and the separate sale of the Holtwood and Wallenpaupack hydroelectric projects, are part of a requirement to divest certain assets in specific regions of the PJM Interconnection, which comprise portions of eastern Pennsylvania, New Jersey and Maryland, to comply with a December 2014 Federal Energy Regulatory Commission order approving the transactions that formed Talen Energy.

The 704-megawatt Ironwood plant is being sold to a partner of TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) for a total purchase price of $654 million, subject to customary purchase price adjustments. In connection with the transaction, Talen Energy anticipates to repay about $42 million of indebtedness, plus a customary pre-payment premium, associated with the facility.

Talen Energy Corporation, through its auxiliaries, operates as a competitive energy and power generation company in the United States. It engages in the production and sale of electricity, capacity, and related products.

At the end of Friday’s trade, Shares of Southern Co (NYSE:SO), declined -0.42% to $44.96.

Southern Company plans to release its earnings for the third quarter of 2015 at 7:30 a.m. EDT on Wednesday, Oct. 28.

Chairman, President and Chief Executive Officer Thomas A. Fanning and Chief Financial Officer Art P. Beattie will talk about earnings during a conference call for financial analysts at 1 p.m. EDT on Wednesday, Oct. 28.

The Southern Company, together with its auxiliaries, operates as a public electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi.

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