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.
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?
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.
H&R Block Inc. dropped the most in almost eight months after the tax preparer announced preliminary profit and revenue that trailed analysts’ estimates and said it would cut about 350 jobs and close offices.
Video-game makers and retailers are facing growing pressure from Washington and advocacy groups concerned about possible links between violent games and tragedies like the school massacre in Newtown, Connecticut.
Activision Blizzard yesterday named Electronic Arts as a defendant in a lawsuit the company filed in April against two game developers previously employed by the company, the Los Angeles Times reported, citing the suit.