Zynga CEO Mark Pincus has been reportedly accused of asking some of the social gaming company’s early employees to give up their shares, or risk being fired.
On Thursday, the Wall Street Journal ran a front-page story on the company behind popular Facebook games like Farmville and Mafia Wars, indicating that Zynga was “leaning on some workers to surrender pre-IPO shares.”
China’s import numbers grew sharply last month while export growth rates slowed to its lowest in months, according to custom figures released by Chinese authorities on Thursday.
The import growth for China in October was 28.7 percent year on year, well ahead of the 23.0 percent forecast and far in excess of September’s 20.9 percent growth rate.
Related: China Trade, Imports and Exports
The US Digital Promise, also known as the National Center for Research in Advanced Information and Digital Technologies, was a non-profit organization originated by the U.S. Congress in 2008 as part of its Higher Education Act to help bridge the digital divide in education, especially in areas of new media and Internet use.
A group of bipartisan senators in the United States is pushing forward an online sales tax bill, which could spell an abrupt end to tax-free internet shopping.
On Wednesday, a group of Republican and Democratic senators jointly introduced a bill, dubbed the Marketplace Fairness Act, which would give states the authority to collect internet sales tax from all out-of-state retailers. Online retailers with less than $500,000 in annual sales would be exempted.
Against a backdrop of massive debt, US President Barack Obama has signed an executive order putting an end to unnecessary federal government spending on giveaways such as t-shirts and key rings.
UK’s largest bank HSBC Holdings Plc warned yesterday that the company might be forced to leave the country if the Government decides to adopt all the reforms proposed by the Independent Commission on Banking’s (ICB) in September this year.
HSBC is said to be furious at certain ICB proposals that would penalise the bank for having more deposits than loans – a measure they claim allows the bank to be more liquid and safe than other UK banks.
Conflicting reports have emerged in reputable news sources on whether stronger eurozone economies such as France and Germany had already been in discussion over the possibility of creating a smaller but more integrated eurozone, which would see a drastic overhaul in the European Union system.
More and more products are carrying the “green” label. These products are supposed to be healthier and better for the environment. But are consumers paying a premium for these eco-friendly products – or for “green marketing?”
Those who have been unemployed for more than two years will soon be required to do community work in order to maintain eligibility for state unemployment benefits, the British Prime Minister announced yesterday.
David Cameron said yesterday that anyone who has been unable to find “sustainable employment” would be required to do at least 26 weeks (6 months) of community work, lasting 30 hours a week, in order to secure continued receipt of the Job Seekers Allowance, a form on unemployment benefit.
The average Wall Street worker will see his bonus fall by 20-30 percent this year as compared to 2010, said compensation consulting firm Johnson Associates in its annual compensation analysis report on Tuesday.
