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'Candy Crush' maker King to go public PDF  | Print |  E-mail
Written by Associated Press   
Monday, 24 March 2014 13:19

NEW YORK (AP) — King Digital, the company behind the wildly mobile game "Candy Crush Saga," is scheduled to make its debut on the New York Stock Exchange this week.

The company could be valued as high as $7.6 billion if its initial public offering prices at $24 per share, the upper end of its expected range. That's nearly twice as much as its closest rival Zynga Inc., creator of "FarmVille."

Unlike Zynga, however, King is profitable and has less than a third of Zynga's employee base.

The company is offering 15.5 million shares. Existing shareholders are offering another 6.7 million. King expects proceeds of $326 million from the IPO.

King, based in Dublin, Ireland, generated revenue of $1.88 billion last year. That's more than 10 times its 2012 revenue of $164.4 million.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Bugs resistant to genetically modified corn found PDF  | Print |  E-mail
Written by Associated Press   
Monday, 24 March 2014 06:36

LINCOLN, Neb. (AP) — Researchers say bugs are developing resistance to the widely popular genetically engineered corn plants that make their own insecticide, so farmers may have to make changes.

The Lincoln Journal Star reports (http://bit.ly/1eC05SM ) that cases of rootworms eating roots of so-called Bt corn have been confirmed in Nebraska, Iowa, Illinois, South Dakota and Minnesota.

Iowa State University researchers found that rootworms have developed resistance to two of the four genetic traits in corn plants that are engineered to kill rootworms. Iowa State professor Aaron Gassmann said the problem isn't widespread yet, but farmers and seed companies should consider changing their approaches to pest control.

"Hopefully, people can learn from these cases of resistance," Gassmann said.

Read more...
 
Camera used on moon landing sold for $758,489 PDF  | Print |  E-mail
Written by Associated Press   
Monday, 24 March 2014 07:48

VIENNA (AP) — It was put on auction as the only camera that made it to the moon and back. And it had its price — nearly $760,000.

The Hasselblad 500 sold over the weekend is described by Vienna auctioneers Galerie Westlicht as part of the equipment carried by the 1971 Apollo 15 mission — and the only camera ever bought back from the moon. It says the others were left behind to make room for mineral samples.

Galerie Westlicht identifies the new owner as Japanese businessman Terukazu Fujisawa. It says the owner of an electronics chain placed his winning bid of 550,000 euros by phone. Bidding started Saturday at 80,000 euros — just over $110,000.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Backers say drones will prove useful for farmers PDF  | Print |  E-mail
Written by Associated Press   
Monday, 24 March 2014 06:35

DES MOINES, Iowa (AP) — Interest is growing in using unmanned drones to help monitor millions of acres of crops.

Drones with infrared cameras and other sensors can help identify insect problems and watering issues early. They can also help assess crop yields and locate missing cattle.

The Des Moines Register reports (http://dmreg.co/1eBWqo3 ) that supporters believe using drones on farms makes sense because the operations are generally large and in rural areas.

The Association for Unmanned Vehicle Systems International predicts that 80 percent of the commercial use of drones will eventually be in agriculture.

Former Kansas State University professor Kevin Price said drones will let farmers monitor their crops in ways they never have, and he expects nearly every farm to start using the technology in the next decade.

Read more...
 
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