Facebook Changes Relationship
Zynga is taking a beating after Facebook renegotiated its business relationship with the gaming company. The new arrangement will make it harder for ZNGA to channel traffic to its site, and is sending the shares down by about 9 percent before the bell on my tradeMONSTER platform.
Tellabs Pops on Special Dividend
Tellabs announced it would pay a special dividend of $1 a share. That's a lot of money for a stock that closed at $2.95 yesterday! TLAB pops 15 percent in early trading.
Yum Drops on Slowdown in China
Yum Brands said that it expects fourth-quarter comparable sales to fall by about 4 percent in China. Management blamed weak macro condition in the country, which accounts for more than half its business. YUM drops almost 8 percent in the premarket.
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