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Stock Market & Financial Investment News

News Breaks
August 7, 2014
10:00 EDTJD, MIK, CHMI, MOKOOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Cherry Hill Mortgage (CHMI) initiated with an Outperform at JMP Securities... JD.com (JD) initiated with a Market Perform at William Blair... MOKO Social Media (MOKO) initiated with a Buy at Chardan... Michaels Stores (MIK) initiated with a Neutral at Macquarie.
News For CHMI;JD;MOKO;MIK From The Last 14 Days
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December 17, 2014
08:55 EDTJDJD.com signs partnership pact with Intel on shopping tech, Marbridge Daily says
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December 15, 2014
05:38 EDTJDTuniu announces $148M investment in aggregate from group of investors
Tuniu (TOUR) announced that it has entered into a share subscription agreement with Unicorn Riches Limited, a special purpose vehicle of Hony Capital, JD.com E-commerceHong Kong Corporation Limited, a special purpose vehicle of JD.com (JD), Ctrip Investment Holding, a subsidiary of Ctrip.com (CTRP) and the respective personal holding companies of Tuniu's CEO and COO, pursuant to which Tuniu will issue and sell a total of $148M newly issued class A ordinary shares to the investors. Pursuant to the agreement, Unicorn Riches Limited, JD.com E-commerce Hong Kong Corporation Limited, Ctrip Investment Holding and the personal holding companies of Dunde Yu, Tuniu's chairman of the board and CEO, and Haifeng Yan, Tuniu's director and COO, agree to subscribe newly issued Class A ordinary shares of the company in the amount of $50M, $50M, $15M, $16.5M and $16.5M, respectively. The purchase price will be $4.02 per ordinary share, or the equivalent of $12.06 per ADS. The purchase price represents the average closing trading prices of the company's ADSs for the ten trading days prior to the signing of the agreement, adjusted for ADS-to-ordinary share ratio, and represents a small premium over the average of ADS closing trading prices in the last five trading days. This share issuance is made in reliance on, and in compliance with, Regulation S under the Securities Act of 1933, as amended. Each of the investors has agreed not to sell, transfer or dispose of any shares acquired in the transaction for six months after the closing. In addition, the company also announced that it has decided not to pursue its proposed registered public offering of ADSs and will withdraw the related registration statement on Form F-1 previously filed with the SEC on December 2.
December 5, 2014
13:29 EDTCHMICherry Hill Mortgage management to meet with JMP Securities
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