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Stock Market & Financial Investment News

News Breaks
January 29, 2014
05:50 EDTCHL, WBAI500.com enters strategic partnership with China Mobile subsidiary
500.com (WBAI) announced that it has signed a strategic partnership agreement with China Mobile E-commerce, a subsidiary of China Mobile Limited (CHL), to expand the reach and ease with which payments can be made for the company's mobile sports lottery products. The agreement will provide easy and convenient payment services to users regardless of device, through China Mobile's vast network. According to the terms of the agreement, 500.com will work in close cooperation with each of China Mobile E-commerce's provincial branches, leveraging their on-the-ground knowledge of local market conditions to localize its mobile sports lottery products. The company will provide lottery purchase and information services to China Mobile users through its internet, mobile apps, WAP and SMS channels. 500.com will maintain full control of the product design, development, operation and promotion.
News For WBAI;CHL From The Last 14 Days
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May 21, 2015
09:31 EDTWBAI500.com downgraded to Sell from Hold at Deutsche Bank
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May 19, 2015
10:10 EDTWBAIPiper suspends rating on 500.com amid lottery sale halt
Piper Jaffray analyst Michael Olson pulled his rating on 500.com after the company reported declining users and revenue in Q1. Management indicated that since March, all provincial sports lottery centers to which 500.com provides lottery sales services have suspended accepting online purchase orders, Olson tells investors in a research note. The analyst cites "uncertainty around timing of potential resumption of normal business operations" for the suspension of his Neutral rating on 500.com. Shares of the online sports lottery service provider in China are up $2.81 to $19.55 in early trading.
06:39 EDTWBAI500.com appoints Zhengming Pan as CEO
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06:35 EDTWBAI500.com reports Q1 EPS 24c, consensus 25c
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May 11, 2015
13:17 EDTCHLMicrosoft invests in subsea cables to connect datacenters globally
Microsoft (MSFT) announced in a blog post that over the past nine months, "Microsoft has been significantly investing in subsea and terrestrial dark fiber capacity by engaging in fiber partnerships that span multiple oceans and continents. And today, our connections across the Atlantic and Pacific just got stronger.We announced deals with Hibernia and Aqua Comms, in which Microsoft is investing in a cable with each company to connect Microsoft’s datacenter infrastructure from North America to Ireland and on to the United Kingdom. These cables will help deliver data at higher speeds, with higher capacity and lower latency for our customers across the globe. Additionally, we joined a consortium comprised of China Mobile (CHL), China Telecom (CHA), China Unicom (CHU), Chunghwa Telecom (CHT), KT Corporation (KT) with TE SubCom as the cable supplier. As part of our participation in the consortium, Microsoft will invest in its first physical landing station in the US connecting North America to Asia. The New Cross Pacific Cable Network will provide faster data connections for customers, aid Microsoft in competing on cloud costs, all while creating jobs and spurring local economies. The goal of our expansions and investments in subsea cables is so our customers have the greatest access to scale and highly available data, anywhere." Reference Link

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