The Candy Crush Saga continues ... The maker of the hit game, King Digital Entertainment, says it's planning to raise up to $500 million in an initial public offering. King Digital filed for an IPO with the Securities and Exchange Commission in September. The game developer plans to list on the New York Stock Exchange under the ticker symbol 'KING,' according to the filing. Candy Crush was launched on Facebook in 2012 and became the most downloaded free app of 2013 on both iPhones and iPads, according to Apple.
Shares of CVS Caremark are climbing after the drugstore and pharmacy chain reported fourth-quarter earnings rose more than 12% over the year-ago period. The company said results were boosted by pharmacy revenue at its established drugstores, which grew 6.8% during the quarter. CVS managed to fill 3.8% more prescriptions and sell more generic drugs despite processing fewer network claims and seeing a decline in store traffic. Overall, revenue in the period rose 4.6% to about $32.8 billion, beating analyst forecasts of about $32.6 billion, according to Thomson Reuters.
Facebook creator Mark Zuckerberg and his wife, Priscilla Chan, were the most generous American donors of 2013, according to the Chronicle of Philanthropy. Zuckerberg and his wife donated 18 million shares of Facebook stock to a Silicon Valley nonprofit in December, valued at about $992 million.
Shares of Boeing are climbing on Monday after the plane manufacturer said it forecasts a surge of air traffic growth in the Asia-Pacific region over the next 20 years. Boeing forecast the fleet of aircraft in the region would triple over the next two decades. Boeing said the fleet would jump to 14,750 in 2032 -- that's up from 5,090 in 2012. The plane-maker estimates that single-aisle airplanes will make up 69% of the new planes delivered to the Asia-Pacific region. Boeing said it's amping up productions of these types of planes, aiming to produce 47 of the jets per month by 2017.
Bitcoin prices continue to fall on Monday after Tokyo-based bitcoin exchange MtGox halted withdrawals of the virtual currency until a bug that allows for fraud could be fixed. MtGox said the bug causes problems when customers try to make transactions to a third party. The exchange said the bug makes it appear that the transfer did not go through, which can prompt multiple transfers unintentionally on behalf of the sender. The exchange said withdrawals would not resume until the issue was addressed.
There's no doubt that fifty years after The Beatles first took America by storm, the world's love affair with John, Ringo, Paul and George is still going strong. From the $10,000 the group was paid for their three performances on the Ed Sullivan Show in 1964 to the hundreds of millions of dollars the remaining members are said to be worth today, the business of The Beatles just keeps on booming. In fact, according to the Recording Industry Association of America, The Beatles have sold more than 106 million albums in the U.S. alone to date -- more than any other artist this century.
Shares of Dunkin Brands are climbing on Thursday after the parent of Dunkin Donuts and Baskin-Robbins chains reported better-than-expected fourth-quarter results. Dunkin reported a 23% rise in quarterly profit as sales at U.S. stores open at least a year rose 3.5%. Dunkin was able to beat Wall Street expectations for both profit and revenue, earning 43 cents a share on an adjusted basis on total revenue of $183.2 million. Analysts had expected profit of 40 cents a share on revenue of $178.4 million, according to Thomson Reuters. The company said results were helped by strong sales of iced coffee and breakfast sandwiches.
Google reaches a settlement to end European regulators' three-year antitrust investigation into the company's practice of promoting its own services in search results, which allegedly has been at the expense of its competitors. As part of the settlement, the European Commission says Google will ensure that whenever it promotes its own services in search results, it will display the services of three rivals in a 'clearly visible' and comparable way. Google will not have to pay a fine as part of the settlement and did not admit to any wrongdoing.
Shares of Zynga are soaring on Friday after the Internet game company said it will buy U.K.-based game developer NaturalMotion for about $527 million in cash and equity. NaturalMotion is behind popular games including "Clumsy Ninja" and "CSR Racing". Zynga also plans to cut 314 employees, or 15% of its workforce, in effort to reduce costs and streamline its operations, according to a blog post by CEO Don Mattrick. Zynga, which makes games like "FarmVille" and "Mafia Wars," that are mostly played on desktop and laptop computers, has been struggling as more gamers turn to smartphones and tablets. The NaturalMotion acquisition will also give Zynga acess to its game engine Euphoria on mobile platforms.
Shares of Dow Chemical are climbing on Wednesday after reporting better-than-expected quarterly profit and raising its stock buyback plan. Dow reported adjusted profit of 65 cents a share for the fourth quarter, beating analysts' expectations of 43 cents a share, according to Thomson Reuters. The chemical maker saw sales growth in nearly all of its operating segments during the quarter. Dow also tripled its share buyback program to $4.5 billion and raised its dividend by 15% to 37 cents a share.