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U.S. Day Ahead: Game on for Zynga IPO

Thursday, December 15, 2011 - 02:17

Dec. 15 - Reuters Tech Correspondent Liana Baker says Zynga's addiction to Facebook is weighing on the minds of investors ahead of the social games maker's launch on the NASDAQ Friday morning.

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Here's your US day ahead investors will find out just how hot social media is when Zynga begins trading on the NASDAQ in the morning. The social games maker plans to raise up to 925. Million dollars in its IP OL and make it worth just over nine billion dollars. But Reuters tech correspondent Leanne baker says. Zynga is addiction a FaceBook weighs on the minds of investors. 95% dancing as a revenue comes. So it's one of the top prisoner IPO prospectus and investors wanna know housing is in and diversify off base but and until now it's not something that its executives -- address. The -- of government could come to a grinding halt by midnight Friday when a temporary spending measure expires. Tensions are rising as Republicans in the house work and a bill to keep Washington operating beyond the weekend. It's likely to be next in the democratic controlled senate. If no solution is found we could you shut down major services run by the various departments. Economic spotlight falls on inflation with the Consumer Price Index -- 8:30 AM. I've -- -- headline CPI should rise by just 110 of a percent in November with getting energy prices outweighing rising food costs. Our prices should also shows softness as Japan supply chain comes back on line after the march earthquake. We get more inside and how the eurozone crisis hitting the US when New York fed president William Dudley appears on Capitol Hill. He's due to testify before a house panel which starts at 9:30 AM he recently said European debt -- -- a significant risk to the recovery. We'll hear from two more voting fed speakers Chicago fed president Charles Evans is in Florence Italy. He -- speak at 11:15 AM on policy after the financial crisis. Later at -- Dallas fed president Richard -- uses outlook and Austin, Texas. And Darden Restaurants reports second quarter results before the market open. Analysts expect earnings of 41 cents a share vs 54 cents a year ago. The restaurant operator cut its full year outlook saying profits are being hurt by higher commodity costs and falling customer traffic at its olive garden chain. I'm Fred Katayama and this is Reuters Insider.

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U.S. Day Ahead: Game on for Zynga IPO

Thursday, December 15, 2011 - 02:17