July 8, 2013 1:10 PM
Stocks rose in early trading ahead of the start of second-quarter corporate earnings reports,like Aluminum producer Alcoa which is traditionally-the-first-company-to-report earnings. New Zynga CEO Don Mattrick might have secured his new position much sooner if he and his predecessor could have made a deal a few years ago. Bloomberg reported that Mattrick and Zynga founder and former-CEO Mark Pincus held discussions in 2010 about the possibility of former Xbox-chief Mattrick acquiring the social-gaming company, Fiat Chief Executive Sergio Marchionne said the company's decision to raise its stake in loss-making publisher RCS Mediagroup was a investment for the long term. Fiat recently emerged as RCS Mediagroup's largest shareholder with the surprise announcement it will almost double its stake to 20 percent for a reported 90 million euros. Marchionne has jettisoned many of Fiat's none-core investments since his arrival at the Italian automaker.