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Brown-Forman posts 8 percent rise in 4Q net income

2013-06-05 17:30:12| Beverages - Topix.net

Higher liquor prices and broad sales growth of its flagship Jack Daniel's whiskey brand helped Brown-Forman Corp.'s fourth-quarter net income rise 8 percent.

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Furniture Brands' stock falls 20 percent

2013-06-05 15:31:41| Furniture - Topix.net

Furniture Brands International's stock fell 20.4 percent Tuesday to a low of $4.38, before closing at $4.41.

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FreedomPop Announces The First 100 Percent Free Mobile Service

2013-06-05 14:35:31| MobileTechNews

FreedomPop is offering a 100 percent VoIP service with an extreme low-cost pricing plan.

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Windows Phone to own 12 percent of smartphone market by 2017

2013-06-04 14:04:19| CNET News.com

And it'll be nipping at Apple's heels, as the percentage of shipments held by Microsoft's mobile OS surges from just 2.4 percent last year, says research firm Canalys. [Read more]    

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Zynga to cut 18 percent of workforce

2013-06-04 08:34:00| Telecompaper Headlines

(Telecompaper) Social game service company Zynga has announced plans to save an estimated USD 70 million to USD 80 million a year by shutting various offices and reducing its global workforce by 520, or 18 percent of the total. The job cuts will occur across all functions and are due to be complete by August. Zynga will take a USD 24 million to USD 26 million restructuring charge in the second quarter and USD 2 million to USD 5 million in the third quarter related to the move. The company has increased has reaffirmed its second quarter outlook for revenue, EPS and adjusted EBITDA, but has lowered its guidance for net loss. It now anticipates a USD 39 million to USD 28.5 million net loss in the second quarter, compared to its previous guidance of USD 36.5 million to USD 26.5 million. A person familiar with the matter told Bloomberg that the offices to be closed are in New York, Los Angeles and Dallas. The cost cuts are related to disappointing sales of games outside the Farmville range.

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