WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

Zynga founder Pincus leaving operations role
NEW YORK (AP) — Online game maker Zynga's founder Mark Pincus is stepping down as chief product officer, less than a year after he was replaced as the company's CEO, as the company's sales slide. [...] rival digital game makers invaded Facebook and...
Apr 24, 2014 | 4:24 AM
Wal-Mart cut former CEO's pay 73 percent in 2013
NEW YORK (AP) — The pay of Wal-Mart Stores Inc.'s outgoing CEO fell 73 percent in 2013 because he received a lower performance-based bonus and he didn't get stock awards that are given in anticipation of future performance. [...] Wal-Mart faces...
Apr 24, 2014 | 4:24 AM
Gold prices edge up for the first time in a week
Traders said that the news was drawing money into gold, which is often used as a refuge during bouts of turbulence. [...] pro-Russian forces have yet to leave the government buildings they occupy in cities throughout eastern Ukraine. Platinum for...
Apr 24, 2014 | 4:24 AM
Facebook 1Q results soar; CFO to step down
NEW YORK (AP) — Facebook's earnings nearly tripled and revenue grew sharply in the first quarter, surpassing Wall Street's expectations thanks to an 82 percent increase in advertising revenue. It was the fourth quarter in a row that Facebook beat...
Apr 24, 2014 | 4:24 AM
Apple increases stock buyback, will split stock
SAN FRANCISCO (AP) — Apple is doling out more of its cash to shareholders and preparing to split its stock for the first time in nine years in an attempt to win back investors fretting about the iPhone maker's slowing sales growth and pace of...
Apr 24, 2014 | 4:24 AM
Buffett disapproves of Coca-Cola's pay plan
Buffett, whose company is Coca-Cola's largest shareholder, called the plan "excessive" in an interview on CNBC after it was approved at the beverage maker's annual meeting. [...] he said Berkshire Hathaway abstained from voting against it because...
Apr 24, 2014 | 4:24 AM
Chobani secures $750M investment from TPG
NEW BERLIN, N.Y. (AP) — Greek yogurt maker Chobani has secured a $750 million investment from investment firm TPG Capital to help fund its growth. Chobani is also running into growing pains and last year bungled its response to complaints about its...
Apr 24, 2014 | 4:24 AM
High court nixes $3.4M award to child porn victim
WASHINGTON (AP) — The Supreme Court on Wednesday rejected a plea to make it easier for victims of child pornography to collect money from people who view their images online, throwing out a nearly $3.4 million judgment in favor of a woman whose...
Apr 24, 2014 | 4:24 AM
Brazil enacts Internet 'Bill of Rights'
SAO PAULO (AP) — Brazil's president signed into law on Wednesday a "Bill of Rights" for the digital age that aims to protect online privacy and promote the Internet as a public utility by barring telecommunications companies from charging for...
Apr 24, 2014 | 4:24 AM
Ronald McDonald takes to Twitter, gets makeover
The company says Ronald McDonald won't have his own Twitter handle, but that it will post photos and videos of him on its existing social media accounts. The clown, known for his painted-on smile and baggy yellow jumper, will also appear in TV ads...
Apr 24, 2014 | 4:24 AM