Jeff Brown News
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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.
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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.
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Nordic Windpower Ltd., a manufacturer of two-blade wind turbines, said it may drop out of a U.S. Energy Department loan guarantee program, citing delays in the process.
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Electronic Arts Inc., the second- largest U.S. video-game publisher, rose the most in more than six months after the New York Post reported that the company is exploring a sale.
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H&R Block Inc., the biggest U.S. tax preparer, plans to cut 350 jobs and close about 200 company- owned offices as part of a realignment.
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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.
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Electronic Arts Inc. rose the most in more than four months after a report that Japan’s Nexon Co. may acquire the second-largest U.S. video-game publisher.
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The U.S. Treasury Department, which put $17.2 billion into a bailout of Ally Financial Inc., would prefer a breakup and sale of the lender because an initial public offering may not succeed, according to people familiar with the matter.
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Zynga Inc., the online-game maker, has hired John Schappert , who resigned as Electronic Arts Inc .’s chief operating officer yesterday, according to two people familiar with the matter.
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Electronic Arts Inc. , the second- largest video-game maker, adopted an amended bonus plan for Chief Executive Officer John Riccitiello and other officials.
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