Zynga 4Q loss narrows as game maker cuts costs

NEW YORK (AP) — Online games company Zynga said its loss narrowed in the latest quarter even though revenue was largely unchanged as the company cut expenses by laying off workers, closing offices and shutting down poorly performing games.

The results exceeded Wall Street’s muted expectations, and Zynga Inc.‘s battered shares increased nearly 7 percent in after-hours trading after the release of the results. After a difficult 2012 in which Zynga saw its stock price decline by 75 percent, CEO Mark Pincus called 2013 a “pivotal transition year” for the company as it seeks to cut costs further and broaden revenue sources, especially from mobile games.

Zynga went public in December 2011 with a lot of promise. Games such as “FarmVille” and “CityVille” were popular on Facebook, as the social media company was itself preparing for a highly anticipated initial public offering of stock.

But Facebook’s stock stumbled, and Zynga’s tumbled with it. Demand for Zynga’s games weakened, and investors were worried both about Zynga’s overreliance on Facebook for its revenue and signs that the two were growing apart. Zynga’s stock ended 2012 at $ 2.36, well below the IPO price of $ 10.

Zynga responded by announcing in October that it was cutting about 5 percent of its full-time workforce of roughly 3,200 employees. The San Francisco company also killed 13 older games and closed development studios in Boston and elsewhere.

Those cuts helped.

Zynga said Tuesday that it lost $ 48.6 million, or 6 cents per share, in the October-December period. That compares with a loss of $ 435 million, or $ 1.22 per share, in the same period a year earlier. Zynga began trading publicly on Dec. 16, 2011, and was privately held for most of the 2011 quarter.

Zynga’s revenue was largely unchanged at about $ 311 million. But it was well above analysts’ average estimate of $ 250 million, as polled by FactSet.

Zynga cut fourth-quarter expenses by two-thirds, to $ 274 million from $ 798 million.

Though its fortunes have faded, Zynga is still the most popular maker of games on Facebook. As of the end of the year, it had five of the top 10 games played on the world’s largest social networking site. “FarmVille 2,” which launched in September, performed well — the company said it was its most successful game launch in two years.

Zynga said it had 298 million active users each month on average in the fourth quarter, up 24 percent from 240 million a year earlier. But that’s down 4 percent from 311 million in the third quarter of 2012.

Like Facebook, Zynga is trying to position itself as a mobile company as people spend more time on smartphones and tablet computers. The company said it had 72 million monthly players on mobile devices.

“Mobile, however, remains a more fragmented experience. Despite the incredible growth in mobile gaming, it’s still hard for any of us to find people to actually play with,” Pincus said in a conference call with analysts. “We’re amazed that the number one way our ‘Words With Friends’ players find new opponents in their games is through the ‘random’ button. We know we can offer them something more compelling than that.”

Zynga’s chief operating officer, David Ko, said in an interview that growing the company’s paying mobile user base is “part of a long-term strategy for us”

“Two years ago, about 20 people were focusing on mobile,” he said. “Today we have almost the entire company focused on (the) mobile opportunity.”

For the current quarter, Zynga said it expects an adjusted loss of 5 cents to 4 cents per share and revenue of $ 255 million to $ 265 million. Analysts were predicting a loss of 1 cent per share and revenue of $ 268 million.

Shares climbed 19 cents, or 6.9 percent, to $ 2.93 in after-hours trading after gaining 18 cents to close at $ 2.74 during the regular session. Zynga’s stock has traded from $ 2.09 to $ 15.91 in the past 52 weeks.

Gaming News Headlines – Yahoo! News

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Little House on the Prairie's Mary Ingalls Did Not Have Scarlet Fever, Researchers Say

By Maggie Coughlan

02/05/2013 at 09:45 AM EST

Little House on the Prairie

Think you know everything about Laura Ingalls Wilder's Little House on the Prairie series?

Think again.

Readers of the beloved series will remember how Wilder's older sister Mary went blind as a result of scarlet fever. But a new study published in Pediatrics, the Official Journal of the American Academy of Pediatrics, has revealed the cause of Mary's blindness was actually meningoencephalitis – a disease similar to meningitis.

Over the course of 10 years, Dr. Beth Tarini and a team of researchers studied papers and letters written by Wilder, newspaper articles about Mary's illness and data on blindness and infectious disease in the late 19th century, CNN reports.

Tarini discovered that in Pioneer Girl, Wilder's unpublished memoir, there is no reference to Mary contracting scarlet fever before going blind. "She never says scarlet fever. She never says rash," Tarini told CNN.

Then Tarini unveiled what would lead her to discover a different diagnosis. In a letter Wilder wrote to her daughter, Rose, she referenced Mary suffering from "some sort of spinal sickness." The letter goes on to mention that Mary was told by specialist in Chicago that the "nerves of her eyes were paralyzed and there was no hope."

But why would Wilder write that her sister suffered from scarlet fever? Researchers think perhaps Wilder and her editors felt the illness would be more relatable to her readers.

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Bullying study: It does get better for gay teens

CHICAGO (AP) — It really does get better for gay and bisexual teens when it comes to being bullied, although young gay men have it worse than their lesbian peers, according to the first long-term scientific evidence on how the problem changes over time.

The seven-year study involved more than 4,000 teens in England who were questioned yearly through 2010, until they were 19 and 20 years old. At the start, just over half of the 187 gay, lesbian and bisexual teens said they had been bullied; by 2010 that dropped to 9 percent of gay and bisexual boys and 6 percent of lesbian and bisexual girls.

The researchers said the same results likely would be found in the United States.

In both countries, a "sea change" in cultural acceptance of gays and growing intolerance for bullying occurred during the study years, which partly explains the results, said study co-author Ian Rivers, a psychologist and professor of human development at Brunel University in London.

That includes a government mandate in England that schools work to prevent bullying, and changes in the United States permitting same-sex marriage in several states.

In 2010, syndicated columnist Dan Savage launched the "It Gets Better" video project to encourage bullied gay teens. It was prompted by widely publicized suicides of young gays, and includes videos from politicians and celebrities.

"Bullying tends to decline with age regardless of sexual orientation and gender," and the study confirms that, said co-author Joseph Robinson, a researcher and assistant professor of educational psychology at the University of Illinois in Urbana-Champaign. "In absolute terms, this would suggest that yes, it gets better."

The study appears online Monday in the journal Pediatrics.

Eliza Byard, executive director of the Gay, Lesbian & Straight Education Network, said the results mirror surveys by her anti-bullying advocacy group that show bullying is more common in U.S. middle schools than in high schools.

But the researchers said their results show the situation is more nuanced for young gay men.

In the first years of the study, gay boys and girls were almost twice as likely to be bullied as their straight peers. By the last year, bullying dropped overall and was at about the same level for lesbians and straight girls. But the difference between men got worse by ages 19 and 20, with gay young men almost four times more likely than their straight peers to be bullied.

The mixed results for young gay men may reflect the fact that masculine tendencies in girls and women are more culturally acceptable than femininity in boys and men, Robinson said.

Savage, who was not involved in the study, agreed.

"A lot of the disgust that people feel when you bring up homosexuality ... centers around gay male sexuality," Savage said. "There's more of a comfort level" around gay women, he said.

Kendall Johnson, 21, a junior theater major at the University of Illinois, said he was bullied for being gay in high school, mostly when he brought boyfriends to school dances or football games.

"One year at prom, I had a guy tell us that we were disgusting and he didn't want to see us dancing anymore," Johnson said. A football player and the president of the drama club intervened on his behalf, he recalled.

Johnson hasn't been bullied in college, but he said that's partly because he hangs out with the theater crowd and avoids the fraternity scene. Still, he agreed, that it generally gets better for gays as they mature.

"As you grow older, you become more accepting of yourself," Johnson said.

___

Online:

Pediatrics: http://www.pediatrics.org

It Gets Better: http://www.itgetsbetter.org

___

AP Medical Writer Lindsey Tanner can be reached at http://www.twitter.com/LindseyTanner

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Wall Street rebounds from steep decline

NEW YORK (Reuters) - U.S. stocks rose on Tuesday, rebounding from their worst daily loss since November in the prior session.

The Dow Jones industrial average <.dji> was up 84.21 points, or 0.61 percent, at 13,964.29. The Standard & Poor's 500 Index <.spx> was up 9.12 points, or 0.61 percent, at 1,504.83. The Nasdaq Composite Index <.ixic> was up 10.31 points, or 0.33 percent, at 3,141.48.

(Reporting By Angela Moon; Editing by Kenneth Barry)

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IHT Rendezvous: IHT Quick Read: Feb. 5

NEWS Gen. Moisés García Ochoa was blocked from becoming defense minister of Mexico after American officials expressed their concern that he had ties to drug traffickers. Ginger Thompson reports from New York, Randal C. Archibold from Mexico City, and Eric Schmitt from Washington.

On Monday, confirming what many historians and archaeologists had suspected, a team of experts at the University of Leicester concluded on the basis of DNA and other evidence that the skeletal remains were those of King Richard III, for centuries the most reviled of English monarchs. John F. Burns reports from Leicester, England.

In a major victory for feminists and the rule of law, a Beijing court has granted a woman a divorce on grounds of abuse and made history by issuing a three-month protection order against her ex-husband — a first in the nation’s capital, Beijing, according to lawyers and the Chinese media. Didi Kirsten Tatlow reports from Beijing.

The Thai government faces the quandary of what to do with all the creatures it has saved — a sort of Noah’s ark of endangered species. Thomas Fuller reports from Khao Pratubchang, Thailand.

A strike by garbage collectors in Seville, Spain, is entering its second week and threatening to turn into a health and safety issue in one of Spain’s most touristic cities. Raphael Minder reports from Seville, Spain.

Days ahead of a summit meeting where leaders of the European Union’s 27 member states are to wrestle again with a proposed seven-year budget, a spokesman for the bloc’s executive body was forced to defend the salaries of some officials. James Kanter reports from Brussels.

It was only a few years ago that some economists were arguing that Europe was “decoupling” from its long dependence on trade with the United States, but German carmakers proved otherwise. Jack Ewing reports.

FASHION This month Natalie Massenet, the founder of Net-a-Porter and Internet guru to the fashion world, will throw her might behind London Fashion Week. Suzy Menkes reports from London.

ARTS Song Dong gathered multitudes in Hong Kong and asked them to help complete his autobiographical “36 Calendars” project. Joyce Lau reports from Hong Kong.

SPORTS A 19-month investigation found that criminal groups had infiltrated European and international soccer with hundreds of people involved in match-fixing, global law enforcement officials said. Sam Borden reports.

It would be naïve to believe that soccer is beyond corrupting, or to doubt that the allegations by police investigators in the Netherlands on Monday are anything but the smallest ripples on an enormous global pond. Rob Hughes reports from London.

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iPad mini supply finally catching up with demand

Like other new mobile products Apple (AAPL) has launched in recent years, the company’s iPad mini has been in short supply ever since it was released this past November. The sleek device added a new, lower price point to Apple’s tablet portfolio and some analysts believe it will soon be more popular than Apple’s full-size iPad. While demand remained strong through the holidays, Apple managed to improve iPad mini supply and get shipping times for new orders placed in Apple’s online store ahead of the holidays down to 1 week. Now, shipping quotes are down to 1-3 business days, marking the best turnaround time Apple has seen since launching the new device. BGR reviewed the iPad mini last November and called it Apple’s best tablet yet.

[More from BGR: iOS 6.1 untethered jailbreak now available for download, compatible with iPhone 5 and iPad mini]

This article was originally published on BGR.com

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Jenny McCarthy Gets a New Tattoo During Super Bowl Blackout

By Andrea Billups

02/04/2013 at 09:50 AM EST

Jenny McCarthy (inset) and new new tattoo

Courtesy Jenny McCarthy

At least someone was productive while the Super Bowl experienced a power outage Sunday night.

Jenny McCarthy Tweeted an early Monday morning photo of a fresh tattoo that now covers the top of her left foot.

"Got a new tattoo during half time black out. So excited 2 b wearing heels on The Today Show this morning. Ouch," McCarthy, 40, posted with a photo, noting it was still painful. The tattoo features a rose with leaves and intricate vines.

McCarthy, a veteran Playboy centerfold and comedian, hosted a Super Bowl kickoff party, Leather & Laces, on Friday in New Orleans. But it was back to business this week as she continues to make press rounds, promoting her return to TV on the new The Jenny McCarthy Show, which premieres Friday on VH1.

Apparently her foot wasn't the only thing hurting as McCarthy headed over for an appearance with Kathy Lee Gifford and Hoda Kotb Monday morning. She Tweeted: "Cramps on press tour. Doing Kathy lee and Hoda next. Hoping they have a heating pad and Whisky. Wait... Of course they will have Whisky."

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Bullying study: It does get better for gay teens

CHICAGO (AP) — It really does get better for gay and bisexual teens when it comes to being bullied, although young gay men have it worse than their lesbian peers, according to the first long-term scientific evidence on how the problem changes over time.

The seven-year study involved more than 4,000 teens in England who were questioned yearly through 2010, until they were 19 and 20 years old. At the start, just over half of the 187 gay, lesbian and bisexual teens said they had been bullied; by 2010 that dropped to 9 percent of gay and bisexual boys and 6 percent of lesbian and bisexual girls.

The researchers said the same results likely would be found in the United States.

In both countries, a "sea change" in cultural acceptance of gays and growing intolerance for bullying occurred during the study years, which partly explains the results, said study co-author Ian Rivers, a psychologist and professor of human development at Brunel University in London.

That includes a government mandate in England that schools work to prevent bullying, and changes in the United States permitting same-sex marriage in several states.

In 2010, syndicated columnist Dan Savage launched the "It Gets Better" video project to encourage bullied gay teens. It was prompted by widely publicized suicides of young gays, and includes videos from politicians and celebrities.

"Bullying tends to decline with age regardless of sexual orientation and gender," and the study confirms that, said co-author Joseph Robinson, a researcher and assistant professor of educational psychology at the University of Illinois in Urbana-Champaign. "In absolute terms, this would suggest that yes, it gets better."

The study appears online Monday in the journal Pediatrics.

Eliza Byard, executive director of the Gay, Lesbian & Straight Education Network, said the results mirror surveys by her anti-bullying advocacy group that show bullying is more common in U.S. middle schools than in high schools.

But the researchers said their results show the situation is more nuanced for young gay men.

In the first years of the study, gay boys and girls were almost twice as likely to be bullied as their straight peers. By the last year, bullying dropped overall and was at about the same level for lesbians and straight girls. But the difference between men got worse by ages 19 and 20, with gay young men almost four times more likely than their straight peers to be bullied.

The mixed results for young gay men may reflect the fact that masculine tendencies in girls and women are more culturally acceptable than femininity in boys and men, Robinson said.

Savage, who was not involved in the study, agreed.

"A lot of the disgust that people feel when you bring up homosexuality ... centers around gay male sexuality," Savage said. "There's more of a comfort level" around gay women, he said.

Kendall Johnson, 21, a junior theater major at the University of Illinois, said he was bullied for being gay in high school, mostly when he brought boyfriends to school dances or football games.

"One year at prom, I had a guy tell us that we were disgusting and he didn't want to see us dancing anymore," Johnson said. A football player and the president of the drama club intervened on his behalf, he recalled.

Johnson hasn't been bullied in college, but he said that's partly because he hangs out with the theater crowd and avoids the fraternity scene. Still, he agreed, that it generally gets better for gays as they mature.

"As you grow older, you become more accepting of yourself," Johnson said.

___

Online:

Pediatrics: http://www.pediatrics.org

It Gets Better: http://www.itgetsbetter.org

___

AP Medical Writer Lindsey Tanner can be reached at http://www.twitter.com/LindseyTanner

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Wall Street opens lower after recent gains

NEW YORK (Reuters) - U.S. stocks opened lower on Monday, dipping after a recent rally that took the S&P 500 to a five-year high and the Dow to 14,000 for the first time since October 2007.

The Dow Jones industrial average <.dji> was down 58.67 points, or 0.42 percent, at 13,951.12. The Standard & Poor's 500 Index <.spx> was down 6.84 points, or 0.45 percent, at 1,506.33. The Nasdaq Composite Index <.ixic> was down 18.33 points, or 0.58 percent, at 3,160.77.

(Reporting by Ryan Vlastelica; Editing by Kenneth Barry)

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Reformers Aim to Get China to Live Up to Own Constitution

Pool photo by Ed Jones/Getty images

A recent speech by Xi Jinping in which he stressed the need to enforce the Constitution has stirred hope among reformers.

BEIJING — After the chaos of the Cultural Revolution, the surviving Communist Party leaders pursued a project that might sound familiar to those in the West: Write a constitution that enshrines individual rights and ensures rulers are subject to law, so that China would never again suffer from the whims of a tyrant.

The resulting document guaranteed full powers for a representative legislature, the right to ownership of private property, and freedoms of speech, press and assembly. But the idealism of the founding fathers was short-lived. Though the Constitution was ratified in 1982 by the National People’s Congress, it has languished ever since.

Now, in a drive to persuade the Communist Party’s new leaders to liberalize the authoritarian political system, prominent Chinese intellectuals and publications are urging the party simply to enforce the principles of their own Constitution.

The strategy reflects an emerging consensus among advocates for political reform that taking a moderate stand in support of the Constitution is the best way to persuade Xi Jinping, the party’s new general secretary, and other leaders, to open up China’s party-controlled system. Some of Mr. Xi’s recent speeches, including one in which he emphasized the need to enforce the Constitution, have ignited hope among those pushing for change.

A wide range of notable voices, among them ones in the party, have joined the effort. Several influential journals and newspapers have published editorials in the last two months calling for Chinese leaders to govern in accordance with the Constitution. Most notable among those is Study Times, a publication of the Central Party School, where Mr. Xi served as president until this year. That weekly newspaper ran a signed editorial on Jan. 21 that recommends that the party establish a committee under the national legislature that would ensure that no laws are passed that violate the Constitution.

After the end of the party’s leadership transition last November, liberal intellectuals held a meeting at a hotel in Beijing to strategize on how to push for reform; constitutionalism was a major topic of discussion. At the end of the year, 72 intellectuals signed a petition that was drafted by a Peking University law professor who had helped organize the hotel meeting. In early January, a censored editorial on constitutionalism at the liberal newspaper Southern Weekend set off a nationwide outcry in support of press freedoms.

Several people involved in the advocacy say their efforts are not closely coordinated, but that rallying around the Constitution was a logical first step to galvanize reform.

“We have a common understanding that constitutionalism is a central issue for China’s reform,” said Zhang Qianfan, the law professor who drafted the petition. “The previous reform was preoccupied with economic aspects. But we learned from the experiences of the recent two decades that economic reform can go wrong if it’s not coupled with political reform, or constitutional reform actually.”

Through the decades, party leaders have paid lip service to the Constitution, but have failed to enforce its central tenets, some of which resemble those in constitutions of Western democracies. The fifth article says the Constitution is the supreme authority: “No organization or individual may enjoy the privilege of being above the Constitution and the law.” Any real application of the Constitution would mean severely diluting the party’s power.

It is unclear whether the latest push will be any more successful than previous efforts. A decade ago, a similar wave of advocacy failed to significantly alter the status quo, despite some initially encouraging words from Hu Jintao, the newly designated president at the time. The authorities admonished scholars who took part in seminars on the issue, and propaganda officials ordered the state news media not to publish articles on calls for constitutional government.

Liberals have been encouraged by a speech that Mr. Xi gave on the 30th anniversary of the Constitution in which he said, “The Constitution should be the legal weapon for people to defend their own rights.” He added that implementation was needed for the document to have “life and authority.” Analysts say the speech, delivered Dec. 4, was much stronger than the one given by Mr. Hu on the Constitution’s 20th anniversary. And on Jan. 22, Mr. Xi said in a speech to an anticorruption agency that “power must be put in the cage of regulations.”

But Deng Yuwen, an editor at Study Times, said he had so far only seen talk from Mr. Xi. “We have yet to see any action from him,” Mr. Deng said. “The Constitution can’t be implemented through talking.”

And since taking power, Mr. Xi has appeared more concerned with maintaining party discipline than opening political doors. In remarks made during a recent southern trip that have circulated in party circles, Mr. Xi said China must avoid the fate of the Soviet Union, which broke apart, in his view, after leaders failed to stick to their socialist ideals and the party lost control of the military.

In part, liberals advocating constitutional checks on power have been energized by the party’s takedown of Bo Xilai, the polarizing former Politburo member who is expected to be prosecuted soon on charges of corruption and subverting the law.

One journal supported by reform-minded party elders, called Yanhuang Chunqiu, published a New Year’s editorial that said fully carrying out the Constitution would mean “our country’s political system will take a big step forward.”

Mia Li contributed research.

This article has been revised to reflect the following correction:

Correction: February 4, 2013

Because of an editing error, an earlier version of this article misspelled the family name of Liu Junning in one reference as Lui.

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