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Stock Market & Financial Investment News

News Breaks
August 22, 2014
11:24 EDTANGIAngie's List reduces salesforce by 97 employees
Angie’s List disclosed in a regulatory filing that it reduced its salesforce by 97 employees as part of its "focus on improving salesforce performance and productivity." It added, "The reduction in headcount will affect most units within the sales organization, with the largest percentage reduction coming from the BigDeal sales team. In addition, the Company will implement new performance-based measurements in its sales organization to better align salesforce objectives with its strategy. Angie’s List expects to add resources to its salesforce over time to support growth in both advertising and e-commerce revenue."
News For ANGI From The Last 14 Days
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August 24, 2015
17:10 EDTANGITCS Capital Management raises stake in Angie's List to 9.0% from 6.5%
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August 17, 2015
13:11 EDTANGIAlibaba unlikely to make competing offer for zulily, say Baird
zulily (ZU) shareholder Alibaba (BABA) is unlikely to make a competing takeover bid for the online retailer, Baird analyst Colin Sebastian tells investors in a research note. Alibaba, which upped its stake in zulily to 9% in May, likely views the company as an investment rather than a vehicle to enter the U.S. market, Sebastian argues. This morning, Liberty Interactive (QVCA) announced it had reached an agreement to acquire zulily for $18.75 per share or $2.4B. The analyst sees strategic benefits from the deal. Increased takeover activity in the small-cap internet space could support the valuations of the remaining independents, including ChannelAdvisor (ECOM), Yelp (YELP), Groupon (GRPN), Angie's List (ANGI) and RetailMeNot (SALE), Sebastian writes. Shares of zulily are soaring 47% to $18.50 following the takeover agreement.

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