Business

Business briefs

No guns

Cerberus Capital Management founder Steve Feinberg has decided not to pursue a bid for Freedom Group, the maker of the Bushmaster rifle, said a person familiar with the matter.

Play money

Don Mattrick, the new CEO of social-game developer Zynga, is receiving compensation totaling more than $50 million.

Wells worry

The US Court of Appeals in San Francisco ruled Wells Fargo must face claims it violated the Equal Credit Opportunity Act by starting foreclosures as customers made payments under a loan-modification agreement.

Joyce out

Thomas Joyce, who built Knight Capital Group into one of the biggest market-making firms only to see a computer glitch drive it to the brink of bankruptcy, is leaving the company.

Ask Angelo

Former Countrywide Financial directors, including ex-CEO Angelo Mozilo, should have to face claims that they misled investors about the quality of the mortgage-lender’s loans, a lawyer for shareholders told a Delaware court.