On Tuesday, Shares of Zynga, Inc. (NASDAQ:ZNGA), gained 1.03% to $2.93, after the social game publisher declared it will cut 18% of its staff as it narrows its focus.
During the company’s first quarter earnings call, Zynga CEO Mark Pincus said the company will cut 384 jobs by the end of 2015
The company anticipates to take charges of $18 million to $22 million in the second quarter as a result of the cuts. The job cuts will result in annualized savings of about $45 million not taking into account the charges, and the company plans to save another $55 million in other ways, counting switching its services over to Amazon.com (AMZN) services.
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. The company offers its online social games under the FarmVille, Words With Friends, Zynga Poker, Hit It Rich! Slots, CSR Racing, FarmVille 2: Country Escape, NFL Showdown, New Zynga Poker, New Words With Friends, Wizard of Oz Slots, Looney Tunes Dash!, CSR Classics, and Clumsy Ninja names.
Shares of VimpelCom Ltd. (NASDAQ:VIP), inclined 5.12% to $5.54, during its last trading session.
VimpelCom, declared that its Supervisory Board has set the date for the Company’s Annual General Meeting of Shareholders (the “Shareholders Meeting”) for June 19, 2015. The record date for the Shareholders Meeting has been set for May 15, 2015.
- The agenda for the Shareholders Meeting is as follows:
- Shareholders to receive audited financial statements for the financial year that ended on December 31, 2014;
- Proposal of individual directors for election to the Supervisory Board; and
- Re-appointment of PwC as the Company’s external auditor.
VimpelCom Ltd. provides telecommunications services in Italy, Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, and Pakistan. It offers voice and data services through a range of traditional and broadband mobile and fixed line technologies.
At the end of Tuesday’s trade, Shares of Bristol-Myers Squibb Company (NYSE:BMY), lost -0.90% to $67.50.
Bristol-Myers Squibb Company, declared the pricing terms of its formerly declared cash tender offer for up to $500 million aggregate principal amount of certain of its outstanding debt securities.
On other hand, the company presented at the Bank of America Merrill Lynch 2015 Health Care Conference on Tuesday, May 12, 2015, in Las Vegas. Doug Manion, head, Specialty Development, made a formal presentation about the company at 2:20 p.m. EDT (11:20 a.m. PDT).
Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products worldwide. It provides chemically-synthesized drugs or small molecules, and biologics in various therapeutic areas, counting virology comprising human immunodeficiency virus infection (HIV); oncology; neuroscience; immunoscience; and cardiovascular.
Finally, Altera Corp. (NASDAQ:ALTR), ended its last trade with -0.61% loss, and closed at $44.01.
Altera Corporation, declared Mitsubishi Electric selected Altera® Cyclone® V SoCs to power its next-generation of C controller for use in smart factory automation equipment. Cyclone V SoCs provide the C controller greater flexibility while delivering higher performance, raised functionality and improved network connectivity when contrast to the previous generation’s microcontroller-based systems.
Mitsubishi Electric C controllers are used in a diverse range of factory automation systems to improve reliability while delivering a cost-effective alternative to industrial PCs. The C controller is a highly flexible controller based on the MELSEC open platform architecture that is capable of executing C and C++ language programs. Altera Cyclone V SoCs equip the MELSEC iQ-R Series C Controller with an entirely new level of programming and system migration flexibility which enables users to customize both the FPGA hardware and the ARM® dual-core Cortex® A9 processor integrated in the Cyclone V SoC to meet their system requirements.
Altera Corporation, a semiconductor company, designs and sells programmable logic devices (PLDs), HardCopy application-specific integrated circuit (ASIC) devices, power system-on-chip devices (PowerSoCs), pre-defined design building blocks, and associated development tools.
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