It’s a good thing for Kleiner Perkins Caufield & Byers that Bing Gordon really likes online video games. That made the venture firm into the biggest winner in Zynga Inc.’s initial public offering, poised to turn a $35 million investment into about $650 million.
Anyone who boards a commercial airliner might wonder at some point: What would happen in a crash? Is my seat in a good part of the plane? Would that man next to me panic? Is this dirty seat fabric really fireproof?
Ally Financial Inc., the auto finance firm majority-owned by U.S. taxpayers, said third-quarter profit fell 76 percent as the company settled U.S. claims for soured mortgages and stopped making new home loans.