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Stock Market & Financial Investment News

News Breaks
April 14, 2014
06:13 EDTNQNQ Mobile results 'dismal,' Muddy Waters says
Calling NQ Mobile's Q4 results "disappointing" and dismal," short selling research firm Muddy Waters wrote that the results indicate that the company's auditor has stepped up its scrutiny of the Chinese company. As a result, NQ's results were much worse than expected, wrote the firm. Meanwhile, the company reported negative operating cash flow and "inflated" revenue, Muddy Waters added. Reference Link
News For NQ From The Last 14 Days
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February 2, 2016
06:13 EDTNQNQ Mobile appoints Justin Chen as president, General Counsel
NQ Mobile announced the appointment of Justin Chen as its president and General Counsel effective as of February 2. The appointment of Chen, former independent director, to president and General Counsel necessitated a number of other changes to the company's board. While Justin Chen remains as a director of the board, he has resigned from his positions as a member of each of the audit committee, compensation committee and corporate governance and nominating committee of the board. To fill in the vacancies, the company has appointed Dr. Ethan Hu as an independent director, the Chair of the audit committee and a member of each of the compensation committee and the corporate governance and nominating committee of the board, effective as of February 2. Justin Chen has served as the cmpany's director since July 2014.

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