Finance Latest News: Awaiting Economic Data, Markets Rise

Wochit
Wall Street opened higher as investors awaited clarification on the Federal Reserve's stimulus plans and the release of data providing snapshots on the economy. NEW YORK (AP) ? U.S. stock futures are rising with industry watchers expecting automakers to post banner sales. The struggling social games maker said its founder and chief executive, Mark Pincus, will be replaced by Don Mattrick, the head of Microsoft's Xbox business. The change came after a series of miscalculations and poor management decisions by Mr. Pincus threatened to transform Zynga from one of the hottest game start-ups ever into one of its most spectacular flameouts.
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