Game developer King Digital is seeking a steep valuation in its upcoming IPO. It's aggressive for a company with just one hit product, but still a discount to some peers.
In a message posted Monday evening, EA sports exec Daryl Holt said the two sides came to a "mutual decision to end our partnership."
This week's highlights include quarterly reports from the two biggest companies by market capitalization, Apple and Exxon Mobil, which are expect to post declining earnings.
The game, which debuts Tuesday, is expected to bring in more than $1 billion in revenue. Not bad for a title that cost an estimated $270 million.
SINA is upgraded to 'buy,' and Cree is downgraded to 'market perform.'
Who's No. 1 in this competition, which is now a business worth a total of $4.6 billion?
Mylan is both downgraded and upgraded, and Broadcom is downgraded to 'neutral.'
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The company is scrambling to protect its equities arm, which could face declining volume and revenue as competitors close the gap.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Casual dining restaurant chains have jumped on the happy hour train with deals on drinks and snacks -- maybe enough for dinner.
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