Zynga posts loss on pricey stock compensation costs

In its first financial report as a public company, Zynga edged past analysts’ expectations but posted a loss thanks to its large stock-based compensation expenses.
The casual gaming pioneer, best known for its -Ville franchises like FarmVille, reported sales of $311 million for the quarter ended Dec. 31. Excluding stock compensation costs, Zynga had net […]

Good riddance to the refund anticipation loan

This year is the last hurrah for the refund anticipation loan, a tax-season staple that consumer groups love to hate.
Bank regulators forced a couple of big banks to abandon the product after the 2010 tax season, including the one that once made 2 million loans a year through H&R Block offices. The last small bank […]

Fidelity: 401(k) balances little changed over 2011

Workers stashed money away in their 401(k) retirement plans at a faster clip last year but didn’t get an immediate reward for their savings strategy. Fidelity Investments, the nation’s biggest 401(k) administrator, says the average account balance was essentially unchanged in 2011, compared with 2010.
The year-end average for participants in Fidelity Investments plans was $69,100, […]

Fed Needs Clear Low-Rate Pledge or

Federal Reserve Bank of Chicago President Charles Evans said the central bank needs a clear low- rate commitment or a third round of purchases of Treasuries and mortgage bonds to further stimulate a still struggling economy.
People outside the Fed have

Zoo wants company to stop using chimps in TV ads

A Chicago zoo is mounting a campaign to stop a company from airing a Super Bowl Sunday commercial featuring mischievous suit-and-tie wearing chimpanzees playing tricks on their human co-worker, saying all that monkey business proves deadly for the endangered species.
Lincoln Park Zoo officials fear images of the frolicking chimps broadcast worldwide do little to help […]

EU leaders to discuss growth as Greece case looms

European leaders will try to come up with ways to boost growth despite steep budget cuts across the continent when they meet in Brussels on Monday.
The 27 heads of state and government will get a taste of the popular frustration with austerity and high unemployment as they try to get to the summit in a […]

Analysts: New software won’t save Blackberry maker

In the trend-setting North American market, BlackBerry phones have gone from must-have messaging toys to outdated clunkers _all in the space of a few years. The new CEO of Research In Motion Ltd., the company behind the phones, says it can claw its way back to the top with new software, but analysts are deeply […]

Republican Senators Say Fed Overstepped Its Role With Advice on Housing - Bloomberg

Republican Senators Orrin Hatch of Utah and Bob Corker of Tennessee criticized the Federal Reserve for overstepping its role by making policy recommendations on how the U.S. government should try new ways to spur the housing market.
Hatch, the top-ranking Republican on the Senate Finance Committee, said the housing study sent by Chairman Ben S. […]

Code Year draws 200,000 aspiring programmers

"Learn to program" isn’t a typical New Year’s resolution, but it’s one that’s gone viral thanks to a clever campaign by Codecademy, a startup that helps newbies learn the basics of software coding.
The New York-based venture kicked off 2012 by launching Code Year. Sign up for the free project and you’ll receive an interactive […]

TSX starts 2012 trading on positive note

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