Nokia Corporation (ADR) (NYSE:NOK), which is currently searching for a worthy successor to the former Chief Executive Officer – Stephen Elop, seems to be more focused on considering insiders for the position, including Rajeev Suri, people with knowledge of the matter revealed. Nokia Corporation (ADR) (NYSE:NOK) stock opened at $7.87 in last trading session and closed at $7.79. The 52 week range of the stock is $3.02 – $8.20 and the day range was $7.76 – $7.93.
Zynga Inc (NASDAQ:ZNGA) was downgraded by equities research analysts at UBS AG from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, Analyst RN reports. They currently have a $3.54 price objective on the stock, down from their previous price objective of $4.03. Zynga Inc (NASDAQ:ZNGA) stock opened at $3.56 in last trading session and closed at $3.55. The 52 week range of the stock is $2.40 – $4.55 and the day range was $3.48 – $3.61.
Henrique de Castro is leaving Yahoo! Inc. (NASDAQ:YHOO)with an severance package estimated to be more than $60 million, one of the largest golden parachutes ever given to an executive who was fired. de Castro, the chief operating officer, was shown the door by Yahoo (YHOO, Fortune 500) CEO Marissa Mayer, apparently due to disappointing performance in improving Yahoo’s advertising revenue. Mayer reportedly wrote in a memo to staffers this week that said, “I made the difficult decision that our COO, Henrique de Castro, should leave the company.” Yahoo! Inc. (NASDAQ:YHOO) stock opened at $40.12 in last trading session, and closed at $40.01, trading in the range of $39.47 – $40.44. The stock showed a negative weekly performance of -2.96%.
The market for giving consumers easy methods for paying for purchases online may get more crowded, and potentially have a new major player, if a reported deal involving Twitter Inc. and startup payments technology developer Stripe comes to fruition. That’s the view from some industry analysts following a report from Re/code that said Twitter Inc (NYSE:TWTR) is close to completing an arrangement with Stripe that would let Twitter users make purchases from within tweets on the microblogging site. The Re/code report cited unnamed sources close to the matter as saying a deal was imminent. Twitter Inc (NYSE:TWTR) shares closed at $62.20 on last trade day, by gaining 2.69%. Stock 52 week range is $38.80 – $74.73. Company’s market capitalization is $34.53 billion.
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