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Mid Day Recap: Zynga Inc, The Western Union Company, Pandora Media Inc

2013-03-08 14:06 ET - News Release

NEW YORK, March 08, 2013 - vb-news.net, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Zynga Inc, The Western Union Company, Pandora Media Inc.

Meanwhile, Zynga Inc(NASDAQ:ZNGA)’s first endless running mobile game titled Running With Friends will be launched on iOS today.

It is the first mobile game developed by Eat Sleep Play, the studio co-founded by David Jaffe and Scott Campbell that made Twisted Metal on PlayStation 3.

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Running With Friends happens amid the Running of the Bulls in Pamplona, Spain, with the player being chased by angry bulls through the streets. According to Zynga, this game is different because it's not a solitary experience, but a social one.

Also, Zynga made sure that the game was not gory. In fact the game is cute and caters to the taste of both its male and female audience. Running With Friends is free and is already available in the iTunes App Store in countries like Canada.

The Western Union Company(NYSE:WU) and The Western Union Foundation are celebrating the success of Western Union’s Our World, Our Family program on International Corporate Philanthropy Day. The program launched in 2007 committed $50 million for five years to help families stay connected, overcome barriers, and realize their dreams.

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The program has had great impact in different ways. As per a new report, the program has reached five million people in 70 countries. It provided education tools, including scholarships to one million students. The program also offered integration support to approximately 270,000 global migrants. More than 550,000 people received financial literacy resources and training with the help of Western Union’s Our World, Our Family Program.

The program was recognized by the Clinton Global Initiative as a commitment on-stage at its 2008 Annual Meeting. In 2009, CECP honored the program with its prestigious Excellence Award. It was brave on the part of Western Union to take a complex issue like migration and leverage its extensive network to make sustainable impact. Margaret Coady, Executive Director at CECP, said that the program is a great example of how effectively corporate philanthropy can be aligned with the core business.

More than 57 percent employees at Western Union donate to support the Our World, Our Familyprogram and volunteer tens of thousands of hours for non-profits worldwide.

It seems to be the season to search for Chief Executives Officers. Groupon is in search of a CEO and so is Pandora Media Inc(NYSE:P).

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Pandora's CEO Joseph Kennedy is leaving the company rather abruptly and the music service company is searching for a replacement.

The news about Kennedy's exit came on the same day that the company reported fourth quarter results that exceeded expectations.

Kennedy, who has been with the company since 2004 as its boss said that his decision to step down, was recent though he did not elaborate on it.

"As I approach the start of my tenth year, my head is telling me to get to a recharging station sooner rather than later," Kennedy told analysts on a conference call.He is expected to stay on till the board finds a replacement for him.

The Internet radio services firm reported a loss of 4 cents in the fourth quarter, compared to 3 cents in the year-ago period, due to costs associated with acquiring streaming licenses.

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