Zynga Inc. (NASDAQ: ZNGA) soared 7.81% to $2.76 on a traded volume of 1.92 million shares. Bank of America Merrill Lynch upgraded the rating on Zynga Inc. to buy from neutral. The Company will report results today after the market closes. Zynga Inc. is a United States-based company that provides online social game services. The Company develops online games designed for play on social networking sites.
Alcatel Lucent SA (ADR) (NYSE: ALU) augmented 1.54% to $1.72 on a traded volume of 38k shares. According to reports from Economic Times, Bharti Airtel said it's buying the entire equity stake in its joint venture with Alcatel Lucent, as part of a new business model to manage fixed line and broadband networks. Alcatel Lucent SA is a France based company that proposes solutions used by service providers, businesses, and governments worldwide to offer voice, data, and video services to their own customers.
Sony Corporation (ADR) (NYSE: SNE) went up 1.74% to $15.77. The Company is expected to reveal the next version of its gaming console PlayStation on February 20, ahead of Microsoft which is seen making the launch of its next XBox in June. The expectation is based on a media invite issued by the media and electronics company to journalists in New York City.
Mastercard Inc. (NYSE: MA) surged up 1.19% to $520.36. The Company is doubling its quarterly dividend to 60 cents per share. The increased quarterly dividend will be paid on May 9 to shareholders of record on April 9.
In addition, the board approved the repurchase of up to $2 billion of its common stock. The new buyback will become effective once it completes its $1.5 billion repurchase program. MasterCard had about $440 million remaining under that repurchase program as of January 25.
Baidu.com, Inc. (ADR) (NASDAQ:BIDU) declined 7.56% to $99.10. The Company announced fourth quarter and year end results. Total revenues increased 41.6% to RMB6.335 billion. Total revenues in fiscal year 2012 increased 53.8% to RMB22.306 billion. Operating profit in the fourth quarter of 2012 was RMB2.848 billion. Operating profit in fiscal year 2012 was RMB11.051 billion. Net income attributable to Baidu in the fourth quarter of 2012 was RMB2.795 billion. Net income attributable to Baidu in fiscal year 2012 was RMB10.456 billion.
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