News Summary: Stock markets finish little changed
- Article by: The Associated Press
- Associated Press
- November 30, 2012 - 4:07 PM
AS YOU WERE: Stock ended the week more or less where they started it. Investors spent the week watching developments in the ongoing budget negotiations in Washington. A stream of comments from lawmakers brought both optimism and pessimism that a deal could be brokered to stop the country going over the "fiscal cliff."
BE-ZYNGA: The beleaguered online game company, which includes "FarmVille" and "CityVille" among its titles, fell after it said it was loosening its ties with Facebook. While analysts said the break may bode well for the company in the long term, Zynga relies on Facebook for most of the revenue it generates even as it works to establish its independence.
THE SPEND: Americans cut back on spending last month and saw no growth in their income, reflecting disruption from Superstorm Sandy that could hold back economic growth in the final months of the year, according to a report from the Commerce Department.
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