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News Breaks
April 25, 2014
09:36 EDTSINASINA confirms receipt of government notices alleging violations of PRC rules
SINA Corporation confimed that it had received three notices from Beijing Municipal Cultural Market Administrative Law Enforcement Unit concerning alleged violations of PRC regulations on the company's distribution of certain unhealthy and indecent literary content on its online reading channel and certain unhealthy and indecent video content uploaded by users on its website. The company was informed that as administrative penalties for these violations, the State Administration of Press, Publication, Radio, Film and Television proposes to revoke the company's Internet Publication License and the License for Online Transmission of Audio-Visual Programs, and Beijing Municipal Cultural Market Administrative Law Enforcement Unit proposes to impose an administrative fine for these violations. It is the company's understanding that these administrative penalties are part of the PRC government's campaign to clean up unhealthy and indecent content on the Internet in China. The company intends to fully cooperate with the relevant government authorities and take appropriate actions as necessary.
News For SINA From The Last 14 Days
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November 19, 2015
10:12 EDTSINASINA still gets no credit for portal business or portfolio, says Piper Jaffray
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10:02 EDTSINASINA turns negative on the session
The stock was last at $50.25, down fractionally on the session following an earlier run higher. At current price resistance is at the high of the day at $52.13. Support is at $49.68, the session low.
06:51 EDTSINASina 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
November 18, 2015
19:15 EDTSINAOn The Fly: After Hours Movers
UP AFTER EARNINGS: Keurig Green Mountain (GMCR), up 16.3%... (CRM), up 5.2%... SINA (SINA), up 2.3%... NetApp (NTAP), up marginally. ALSO HIGHER: KaloBios (KBIO), up 721.3% after the disclosure of purchases by Martin Shkreli and Anthion Partners... Vitae Pharmaceuticals (VTAE), up 23.3% after reporting top-line results from its Phase 1 trial of VTP-43742... DOWN AFTER EARNINGS: Semtech (SMTC), down 8.5% after reporting quarterly results. ALSO LOWER: Sunedison (SUNE), down 10.8% after Reuters reports that Blackstone is not interested in SunEdison investment.
16:35 EDTSINASINA reports Q3 EPS 39c, consensus 20c
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November 16, 2015
16:22 EDTSINACharles Chao reports 17.8% stake in SINA
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