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Stock Market & Financial Investment News

News Breaks
January 7, 2014
07:29 EDTSINA, YHOOAlibaba online-payment affiliate, Sina in deal, WSJ reports
Alibaba Group Holding's online-payment affiliate Alipay and Sina Corp. struck a deal to launch an online-payment service, as competition rises between the e-commerce company and rival Tencent Holdings, reports the Wall Street Journal. Reference Link
News For SINA;YHOO From The Last 14 Days
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April 14, 2014
06:28 EDTYHOOAlibaba asks public to help identify China's polluted water, Bloomberg says
Alibaba (YHOO) is asking the public to help map water quality throughout China to increase environmental awareness, reported Bloomberg. Testing kits are sold through the company for $10 and volunteers can measure pollutants in freshwater sources and upload the data to a digital map via smartphones. Reference Link
April 11, 2014
09:13 EDTSINAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Fastenal (FAST), up 3%... Wells Fargo (WFC), up 0.2%. ALSO HIGHER: H&R Block (HRB), up 5% after announcing a deal for BofI (BOFI) to acquire H&R Block's bank assets. Bofi up 9.4% after the deal announcement... Zynga (ZNGA), up 1.7% after naming new CFO, shares upgraded to Equal Weight at Morgan Stanley... SINA (SINA), up 2% after announcing up to $500M share repurchase program. DOWN AFTER EARNINGS: JPMorgan (JPM), down 3.7%... NQ Mobile (NQ), down 14.6%. ALSO LOWER: Gap (GPS), down 4% after reporting March SSS fell 6%, shares downgraded at Janney Capital... Voxeljet (VJET), down 16% after 3M share secondary offering priced at $15.00... Datawatch (DWCH), down 29% after cutting its second quarter revenue outlook.
08:55 EDTYHOOTravelzoo makes management changes amid continued weakness in Local & Search
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08:31 EDTSINASINA announces up to $500M share repurchase program
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April 10, 2014
14:54 EDTYHOOYahoo volatility increases as shares trend lower
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08:26 EDTSINASINA licensed to to sell investment products in China, Marbridge Daily says
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06:48 EDTYHOOYahoo's strategy similar to past efforts, Re/code says
Yahoo, which is reportedly looking to become a major player in Internet video, was working on similar initiatives in mid-2012, according to Re/code. Reference Link
06:26 EDTYHOOYelp deal with Yahoo receives criticism from small business owners, WSJ reports
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06:04 EDTYHOOYahoo hires Bobbi Brown to be editor-in-chief of beauty site, Re/code reports
Yahoo (YHOO) has hired Bobbi Brown, the creator of Bobbi Brown Cosmetics (EL), to be the editor-in-chief of its beauty site, Re/code reports, noting that several of Yahoo's big advertisers -- L'Oreal (LRLCY), Procter & Gamble (PG) and Unilever (UN, UL) -- are competitive with Bobbi Brown Cosmetics. Reference Link
April 9, 2014
14:37 EDTYHOOYahoo likely to report 'tepid' quarter, BGC says
BGC's Colin Gillis said he expects Yahoo to report another "tepid quarter" when it reports earnings next week, with the firm expecting revenue to be flat year-over-year with underlying metrics that are discouraging. Gillis added that the near-term valuation for Yahoo's stake in Alibaba, which has aided investor enthusiasm for Yahoo, has likely peaked, and the firm maintains a Hold rating and $34 price target on shares.
April 8, 2014
12:24 EDTYHOOYahoo quarter 'lackluster,' near deal for Chief Revenue Officer, Re/code says
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12:08 EDTSINASINA to unveil wealth management service, China Daily says
Chinese Internet company SiINA is expected to launch an Internet-based wealth management service in the middle of this month, according to China Daily. Reference Link
10:03 EDTSINAOn The Fly: Analyst Downgrade Summary
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07:42 EDTSINASINA downgraded to Neutral from Buy at Mizuho
Mizuho downgraded SINA to reflect the slowdown of the Alibaba contribution and overhang from Weibo's revenue growth outlook. The firm lowered its valuation for Weibo to reflect lack of catalysts, resulting in the SINA downgrade.
07:28 EDTYHOOFour Internet stocks attractive after pullbacks, says Stifel
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April 7, 2014
06:49 EDTSINAWeibo looking to raise over $380M in IPO, NY Times says
SINA's (SINA) Weibo hopes to raise more than $380M in its upcoming IPO and price its shares at $17-$19, Weibo said in its prospectus, according to The New York Times. Known as a "microblog," Weibo has been compared to Twitter (TWTR). Reference Link
April 6, 2014
14:21 EDTYHOOYahoo plans to acquire bigger budget TV programming, WSJ says
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April 3, 2014
06:20 EDTYHOOYahoo's goal of raising encryption could clash with advertising, WSJ reports
Yahoo's Chief Information Security Officer Alex Stamos announced new progress on efforts to beef up encryption although he admits there are limits to this encryption, reports the Wall Street Journal. The company could use HTTPS, which would block outsiders from watching data people submit, but Yahoo would then have to persuade every advertising network running ads to use the same encryption. Reference Link
April 2, 2014
19:15 EDTYHOOYahoo says all traffic between data centers now encrypted
In a post on the company's Tumblr page, Yahoo's Chief Information Security Officer Alex Stamos said that, traffic moving between Yahoo data centers is fully encrypted as of March 31, the Yahoo homepage and all search queries that run on the Yahoo homepage and most Yahoo properties also have HTTPS encryption enabled by default, and in the coming months, a new, encrypted version of Yahoo Messenger will be deployed. Reference Link
09:57 EDTSINASINA trades higher following upgrade, levels to watch
Pacific Crest earlier upgraded the shares to Outperform, with an $88 price target. Shares are up over 2% to $62.82. At that price, resistance is at $63.77 and then at $64.89. Support is at $61.78.
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