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June 26, 2014
13:11 EDTSFTBF, YHOO, BABAAlibaba spent over $6B on M&A last year, WantChinaTimes says
Alibaba (BABA) spent $6.4B on mergers and acquisitions last year, Chinese-language Economic Information Daily.reported, according to WantChinaTimes. Yahoo (YHOO) and Softbank (SFTBF) continue to be significant shareholders in Alibaba.Reference Link
News For BABA;YHOO;SFTBF From The Last 14 Days
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November 19, 2015
06:51 EDTBABASina viewed as best value play in sector, WSJ says
Sina (SINA) continues to be one of the Chinese Internet sector's best value plays and its prospects may improve even more it it furthers its relationship with Alibaba (BABA), Aaron Back of the Wall Street Journal's Heard on the Street says. The company is a majority owner of Weibo (WB), which reported upbeat earnings yesterday and which increased its MAU's this past quarter by 33% to 222M, Back says., on the other hand, is struggling, seeing ad revenue fall 14% year over year in the most recent quarter, the report says. The company aims to turn the business around by next year and will continue to rely on Alibaba, the Journal says. Reference Link
06:00 EDTBABA, YHOOStarboard sends letter to Yahoo, urges halt of Alibaba spinoff plan, WSJ reports
Yahoo (YHOO) shareholder Starboard Value sent a letter to the company urging the company to halt the plan to sell its stake in Alibaba (BABA) due to the risk of incurring taxes on the sale, the Wall Street Journal reports. The activist investor instead wants Yahoo to sell its struggling Internet business, the report says. Starboard supported the sale of over $20B in Alibaba shares before the IRS denied Yahoo's request for a private letter ruling on whether the spinoff would be considered tax free. Reference Link
November 18, 2015
07:28 EDTBABA, YHOOYahoo taxes could amount to more than value of Alibaba stake, says SunTrust
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06:15 EDTYHOOYahoo included in New York's daily fantasy sports investigation, Reuters says
An investigation by the New York attorney general into the daily fantasy sports industry will no include Yahoo, Reuters reports, citing a person familiar with the matter. Yahoo operates its own daily fantasy site and received a subpoena by New York AG Eric Schneiderman, the report says. Reference Link
November 17, 2015
16:01 EDTBABAOptions Update; November 17, 2015
iPath S&P 500 VIX Short-Term Futures up 1.32 to 21.07. Option volume leaders: GE BAC AAPL FB NFLX SYF WMT CSCO MU SUNE VRX BABA AMZN HD FCX
10:56 EDTBABAStocks with call strike movement; BABA NFLX
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08:50 EDTYHOOCheetah Mobile reports strategic partnership with Yahoo
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November 16, 2015
16:00 EDTBABAOptions Update; November 16, 2015
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November 13, 2015
16:40 EDTBABAAppaloosa gives quarterly update on stakes
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16:26 EDTBABAStocks end week lower as retail gets routed
Stocks ended the week sharply lower after weak retail earnings reports, highlighted by Macy's (M), were followed by a worse than expected government report on retail sales performance in October. MACRO NEWS: In the U.S., retail sales rose 0.1% in the month of October, versus expectations for an increase of 0.3%. When autos and gas are removed, the core reading was up 0.3%, versus expectations for a rise of 0.4%. Producer prices fell 0.4%, versus expectations for them to be up 0.2%. When food and energy are removed, the core reading was down 0.3%, versus expectations for it to be up 0.1%. Business inventories grew 0.3% in September while sales were flat compared to August. Consumer sentiment, as measured by the preliminary print from the University of Michigan survey, improved 3.1 points to 93.1 in November, which was better than the 91.5 reading that was expected. In Europe, data showed that eurozone's economy grew by just 0.3% in the third quarter, which was a slowdown from the 0.4% GDP growth recorded three months earlier and weaker than the 0.4% consensus growth forecast. In China, exports declined for a fourth straight month in October, sliding 3.6%, while imports fell for a 12th straight month, declining 16% in yuan terms. China's foreign-exchange reserves rose in October for the first time in six months, increasing to $3.53T from $3.51T at the end of September, the People's Bank of China reported. Industrial output in China rose 5.6% in October, matching March's reading as the weakest since 2008. Retail sales climbed 11% last month, beating expectations. COMPANY NEWS: Shares of retailers broadly declined following disappointing earnings reports and commentary from a number of department store operators, including Macy's, Nordstrom (JWN) and J.C. Penney (JCP). Weather was cited by a number of them, and analysts also pointed to the continued rise in competition felt by brick-and-mortar retailers from e-commerce players, mainly (AMZN)... Among earnings reporters outside of the retail sector, Viacom (VIAB) and Rackspace (RAX) rose immediately following their reports, while Cisco (CSCO), Priceline (PCLN), Hertz (HTZ), and Advance Auto Parts (AAP) fell right after their own... During the company's investor meeting, McDonald's (MCD) raised its global refranchising target to 4,000 restaurants through 2018 with a new long-term goal to become 95% franchised, announced plans to increase its dividend by 5% and said that after "robust" debate it had decided to not pursue a REIT spin-off transaction for its real estate holdings... Anheuser-Busch InBev (BUD) and SABMiller (SBMRY) came to terms on a deal to combine the companies in a transaction worth $107B. In relation to their deal, Molson Coors (TAP) agreed to purchase SABMiller's 58% stake in MillerCoors, the joint venture formed in the United States in 2008, in a deal valued at $12B. Molson Coors was the biggest winner in terms of percentage stock gains immediately following the announcements, rising over 4% on Wednesday... Mylan (MYL) jumped after the company's offer to acquire Perrigo (PRGO) failed, ending a seven-month fight between the two drugmakers. Perrigo Chief Executive Officer Joseph Papa said he was "delighted" that his company's shareholders rejected the offer and the company added that it will immediately commence its previously announced $2B share buyback program, but its shares slid in the wake of the shareholder vote... PayPal (PYPL) shares saw three straight days of losses after the Wall Street Journal reported that Apple (AAPL) is working on a mobile payments service that could compete with the firm's Venmo platform... Angie's List (ANGI) advanced after IAC/InterActiveCorp (IACI), the parent company of HomeAdvisor, made public a $8.75 per share cash buyout offer. Yelp (YELP), which also connects people with local businesses via its web-based and mobile services, also rose following the revelation of the takeout bid for Angie's List... Alibaba Group (BABA) reported blockbuster sales for the 11.11 shopping festival, better known as "Singles' Day." By the end of Wednesday in China, gross merchandise volume on Alibaba's platforms hit $14.3B, far exceeding last year's 24-hour total of $9.3B and topping the company's $11B forecast. INDEXES: The Dow lost about 3.7% to close at 17,245.24, the S&P 500 fell about 4.25% to close at 2,023.04, and the Nasdaq declined about 3.6% to close at 4,927.88.
16:00 EDTBABAOptions Update; November 13, 2015
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09:35 EDTBABAActive equity options trading on open
Active equity options trading on open: AAPL CSCO FB BAC BABA MSFT NFLX INTC JCP AMZN C
06:33 EDTBABAAmazon, Alibaba approached Wish over possible takeover, Business Insider reports
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November 12, 2015
16:00 EDTBABAOptions Update; November 12, 2015
iPath S&P 500 VIX Short-Term Futures up 1.28 to 20.18. Option volume leaders: GE AAPL MNKD XOM BAC FB SUNE CSCO NFLX SYF BABA MSFT
12:40 EDTBABAAlibaba down 1% as Herb Greenberg discusses accounting concerns on CNBC
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11:21 EDTBABADeutsche, Bernstein bullish on Alibaba following Singles Day
Two research firms were upbeat on Chinese e-commerce giant Alibaba (BABA) after the company reported results from China's "Singles Day" holiday yesterday. Deutsche Bank hiked its price target on the stock to $98 from $89, while Bernstein wrote that the company's gross merchandise volume could accelerate this quarter. BACKGROUND: Alibaba reported that it generated $14.3B of gross merchandise volume on Singles Day, a 60% increase from 2014's event. ANALYST REACTION: The 60% year-over-year increase in Alibaba's Singles Day volume exceeded Deutsche Bank's outlook for a 40% increase, analyst Alan Hellawell III stated. Alibaba is benefiting from improved logistics and its monetization rate "should trend up nicely going forward," Hellawell believes. The analyst raised his estimates for the company and kept a Buy rating on the shares. It's difficult to predict Alibaba's Q3 gross merchandise volume, or GMV, based on its Singles Day sales, wrote Bernstein analyst Carlos Kirjner. However, using "reasonably conservative assumptions," it appears that Alibaba's GMV growth will accelerate in Q3. Specifically, Kirjner estimated that even if Singles Day accounts for a significantly higher percentage of the company's Q3 GMV than in 2014, its year-over-year Q3 GMV growth could reach 36%-47% this quarter, up from 28% last quarter. The analyst also believes that his previous GMV growth estimates for the company for the next two years may have been too low. He now predicts that Alibaba's GMV will increase in the high 20s-low 30s percentage range in fiscal 2016 and in the mid to high 20s in fiscal 2017. Kirjner kept a $110 price target and Outperform rating on the shares. WHAT'S NOTABLE: (JD), an online direct sales company operating in China, also announced "record-breaking" one-day results from its November 11 Singles Day sale. The 24-hour sale saw the number of orders grow by 130% and an increase in GMV of more than 140% compared to last year, the company said. PRICE ACTION: In late morning trading, Alibaba was flat at $79.82, while rose more than 4% to trade above $29 per share.
09:36 EDTBABAActive equity options trading on open
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07:48 EDTBABAAlibaba GMV may accelerate in Q3, says Bernstein
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06:21 EDTBABAAlibaba slows India expansion, FT reports
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06:17 EDTBABAAlibaba price target raised to $98 from $89 at Deutsche Bank
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