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Stock Market & Financial Investment News

News Breaks
August 12, 2014
17:09 EDTYHOO, SFTBF, BABAYahoo says Alibaba to sell assets relating to its SME loan business for $518M
Yahoo disclosed in a regulatory filing that on August 12, Yahoo (YHOO), entered into a Share and Asset Purchase Agreement, the SAPA, by and among Yahoo, Alibaba Group Holding (BABA), Alipay.com, Zhejiang Ant Small and Micro Financial Services Company, SoftBank (SFTBF), APN Ltd., Jack Ma Yun, Joseph Chung Tsai and certain of their affiliates. Alibaba Group agreed to sell certain securities and assets primarily relating to its SME loan business to Small and Micro Financial, in exchange for aggregate cash consideration of RMB3,219M, US$518M. The sale of the SME loan business is subject to receipt of regulatory approvals and other customary closing conditions. Such cash consideration will be paid to Alibaba Group no later than the earlier of the second anniversary of the closing of such sale and a “qualified IPO” of Small and Micro Financial or Alipay. In addition, pursuant to certain software system use and service agreements, Alibaba Group will receive annual fees for a term of seven years. These fees will be determined as follows: for calendar years 2015 to 2017, Alibaba Group will be paid an annual fee equal to 2.5% of the average daily balance of the SME loans provided by SME loan entities; and in calendar years 2018 to 2021, Alibaba Group will be paid an annual fee equal to the amount of the fees paid in the calendar year 2017.
News For YHOO;BABA;SFTBF From The Last 14 Days
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March 3, 2015
13:04 EDTYHOOYahoo focused on making past acquisitions pay off
12:57 EDTYHOOYahoo sees digital video as way of growing buisiness
Comments made by Yahoo CFO Ken Goldman at Morgan Stanley Conference.
10:11 EDTBABAAlibaba breaks to fresh lows, levels to watch
The shares are down 3% to $81.47 at time of writing, breaking to a fresh lifetime low. At that price, there is no established support, suggesting a move down to the $80 level may be next. Resistance is at the opening price of the day at $82.96.
09:35 EDTBABAActive equity options trading on open
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08:12 EDTBABAAlibaba e-merchants conducting fake transactions, WSJ says
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07:27 EDTYHOOMorgan Stanley to hold a conference
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06:42 EDTYHOOYahoo volatility at low end historic range
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05:49 EDTBABATaiwan orders Alibaba to withdraw from country, Financial Times reports
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March 2, 2015
14:58 EDTBABAAlibaba volatility at low end of historic range as shares trend lower
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14:33 EDTBABAAlibaba heads for test of its life lows
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08:29 EDTYHOOMicrosoft reportedly to buy news app for $30M, TechCrunch says
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07:58 EDTBABAChina Nepstar holder says chain should cut stores as part of strategic review
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06:21 EDTBABAAlibaba to invest $316M in Taiwan entrepreneurs, WSJ reports
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February 27, 2015
08:59 EDTBABAMyriad sold 90% of Alibaba stake during Q4, Bloomberg says
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February 26, 2015
06:22 EDTYHOOYahoo paying very high salaries, Business Insider says
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February 25, 2015
15:03 EDTYHOOYahoo paying very high salaries, Business Insider says
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10:29 EDTYHOO, BABAYahoo management 'seems open' to Yahoo Japan options, dealReporter says
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09:06 EDTBABAAlibaba volatility at low end of historic range as shares trend lower
Aibaba February weekly call option implied volatility is at 28, March is at 28, April is at 27, July is at 31; compared to its 25-week average of 34 according to Track Data, suggesting decreasing price movement.
February 24, 2015
06:41 EDTYHOOYahoo executive questions NSA director over spying, WSJ says
Yahoo Chief Information-Security Officer Alex Stamos questioned NSA director Admiral Mike Rogers at a Washington summit about the extent of U.S. government spying, reports the Wall Street Journal, citing transcripts of the event. Stamos stated "It sounds like [the NSA and FBI want a backdoor into] our products," to which Admiral Rogers did not directly respond. Rogers stated he believes it is legally feasible to allow the NSA to access encrypted information from U.S. companies. Reference Link
February 23, 2015
06:21 EDTYHOOFacebook's shuttle drivers approve new union contract, WSJ reports
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