INVESTMENT

Zynga Falters in Debut, Sheds Doubt on IPO Market

Zynga CEO Mark Pincus and his wife Ali are shown after Pincus rung the opening bell of the NASDAQ exchange remotely from Zynga's headquarters on the day of the company's IPO in San Francisco, December 16, 2011.
Online games developer Zynga Inc scored badly as it went public on Friday, dashing hopes for the year's hottest tech IPO, as investors frowned on its over-reliance on Facebook, dimming growth prospects, and outsized control by CEO Mark Pincus.
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NASA Revamps, Delays Commercial Space Taxi Work

Budget cuts in a program to spur commercial space taxis will likely keep the United States dependent on Russia to fly astronauts to the International Space Station until 2017, NASA's head of space operations said on Thursday.
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Swiss Franc, Gold Not Safe Havens - UBS

The Swiss franc and investments in gold will no longer provide investors with safe harbor from market turmoil and the eurozone debt crisis, UBS AG's investment chief told the Swiss bank's client in a letter on Friday.
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Japan Aims to Bolster M&A Disclosure After Olympus

Japan has signaled plans to strengthen disclosure rules on mergers and acquisitions after a $1.7 billion accounting fraud at Olympus Corp, one of the nation's worst corporate scandals, which involved a series of shady deals.
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Wells Fargo Fined $2 Million For Abetting Unscrupulous Investment Adviser

Wells Fargo & Co. (NYSE:WFC) was fined $2 million Thursday by the Financial Industry Regulatory Authority, a regulatory group that oversees investment advisers and other finance professionals, for neglecting to discipline an investment manager who became the firm’s top salesman of a certain kind of exotic investment instrument by forcing it on unwilling, elderly clients.
Michael Kors

Michael Kors makes a glitzy market debut

Michael Kors Holdings Ltd stood out in its market debut, keeping pace with star technology sector IPOs and showcasing the resilience of the luxury market even in a gloomy economy.

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