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Stock Market & Financial Investment News

News Breaks
August 12, 2014
17:09 EDTBABA, YHOO, SFTBFYahoo 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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August 31, 2015
12:04 EDTBABA, YHOOStocks with call strike movement; BABA YHOO
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06:59 EDTBABAAlibaba, JD.com eye rural communities for growth, WSJ reports
Chinese e-commerce firms such as Alibaba (BABA) and JD.com (JD) are targeting rural communities in China for growth, the Wall Street Journal reports. Such companies are running into increased pressure from shareholders to find new growth, and the major cities in China are maturing as markets for online shopping, with fewer new customers signing up, the report says. Reference Link
August 28, 2015
09:33 EDTBABA Active equity options trading on open
Active equity options trading on open: AAPL FB NOV NFLX AMZN DIS TSLA T BABA BAC
August 27, 2015
06:33 EDTYHOOYahoo announces Tumblr sharing tools at Mobile Developer Conference
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August 26, 2015
15:59 EDTBABAOptions Update; August 26, 2015
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10:12 EDTBABAGoogle climbs after Goldman upgrade, Cantor endorsement
The shares of Google (GOOG, GOOGL) are rallying after Goldman Sachs upgraded the search giant's stock and Cantor Fitzgerald named the stock as one of the top five Internet names to buy amid the market's recent selloff. WHAT'S NEW: Google is in the early innings of a long-term margin expansion process as the search giant intensifies its focus on cost cutting, Goldman analyst Heather Bellini wrote in a note to investors today. Moreover, after conducting checks, Bellini is more upbeat on the company's ability to increase its monetization of YouTube and mobile search. The analyst, who believes that cost cutting combined with the increased monetization is starting to move the needle for the company, hiked her price target on Google's Class A stock to $800 from $660, upgraded the stock and added the shares to Goldman's Americas Conviction List. Meanwhile, Cantor Fitzgerald analyst Youssef Squali named Google as one of his top five Internet stocks to buy amid the market's recent volatility. Google is "relatively resilient," given its 91% share of the global search market as of July and its $61B of net cash as of the end of Q2, the analyst believes. Moreover, the company has virtually no exposure to China and its new corporate structure should improve its transparency, Squali believes. He kept a $720 price target and Buy rating on the stock. WHAT'S NOTABLE: The other four companies on Squali's list of top Internet stocks are Amazon (AMZN), Priceline (PCLN), Facebook (FB), and Alibaba (BABA). PRICE ACTION: In early trading, Google's Class A shares rose 4.4% to $640 and its Class C shares advanced nearly 5% to $610.
07:25 EDTBABACantor names top five Internet names to buy during selloff
Cantor Fitzgerald analyst Youssef Squali said he "won't attempt to call the bottom" but identified his top five Internet and Media names to buy amid the recent market volatility, all of which have dominance in their respective markets, higher than peer level growth and valuations that he views as reasonable. Squali, who noted that he views concerns over macro risks and China to be overblown, called out Google (GOOG), Amazon (AMZN), Priceline (PCLN), Facebook (FB) and Alibaba (BABA) as having an attractive risk/reward given the selloff in recent sessions. The firm has Buy ratings on all five of the stocks named above.
August 25, 2015
10:07 EDTBABAAlibaba CEO tells employees to 'forget about the share price,' FT reports
Daniel Zhang, the CEO of Alibaba, has told the company's staff to "forget about the [company's] share price" and focus on their work, The Financial Times reports. Yesterday, Alibaba's stock price fell below its IPO price of $68 for the first time since the e-commerce company went public in the U.S. Zhang told employees that "Alibaba's values are reflected in the pursuit of our dreams and to create value for our customers. Our values do not waver with the fluctuations in stock price." Reference Link
08:32 EDTBABAAlibaba volatility elevated
Alibaba August weekly call option implied volatility is at 68, September is at 49; compared to its 52-week range of 21 to 48 suggesting large price movement.
06:37 EDTBABAAlibaba's Aliyun to launch first AI in China, TechCrunch reports
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06:13 EDTYHOOThird Point, FTC settle over antitrust filings for 2011 Yahoo stake
Three affiliated hedge fund companies and their management company, Third Point LLC, have agreed to settle Federal Trade Commission charges that they violated premerger reporting laws in connection with their 2011 acquisitions of stock in Yahoo! Inc. The complaint alleges that Third Point Partners Qualified L.P., Third Point Ultra, LTD, and Third Point Offshore Fund, LTD failed to observe the filing and waiting requirements of the Hart-Scott-Rodino Act before purchasing shares in Yahoo. According to the complaint, the three defendant funds claimed that they were exempt from reporting to the U.S. antitrust authorities because the purchases were made solely for investment purposes. At the time of the stock purchases, however, defendant Third Point LLC, which made investment decisions on behalf of the funds, was taking actions inconsistent with an investment-only intent, such as communicating with third parties to determine their interest in becoming the CEO or a board candidate of Yahoo. Under the terms of the proposed stipulated five-year federal court order, the defendants are prohibited from relying on the investment-only exemption if they have contacted third parties to gauge their interest in joining the board of the target company, communicated with the target company about proposed candidates for its board, or engaged in other specified conduct in the four months prior to acquiring voting securities above the HSR Act threshold. In this case, the agencies determined not to seek civil penalties based on several factors, including that the violation was inadvertent and short-lived, and this was the defendants' first violation of the HSR Act.
06:11 EDTBABAAlibaba closed below IPO price for first time Monday, WSJ reports
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August 24, 2015
16:00 EDTBABAOptions Update; August 24, 2015
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11:24 EDTBABAAlibaba initiated earlier with a Buy at Standpoint Research
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08:51 EDTSFTBFNetflix confirms partnership with SoftBank ahead of Japan launch
SoftBank Corp (SFTBF) and Netflix (NFLX) confirmed that SoftBank, among Japanese telecommunications companies, will exclusively offer a fully integrated Netflix experience, including billing, when Netflix Japan launches on September 2. Under the agreement, SoftBank customers will be able to sign up for Netflix at SoftBank Shops, major electronics retailers, via the SoftBank website and via SoftBank call centers without filling out payment information, with Netflix's monthly fee added to their bill. In addition, SoftBank will begin pre-installing the Netflix app on its smartphones for sale after October 2015.
06:07 EDTSFTBFNetflix partners with SoftBank ahead of Japan launch, Japan Times reports
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August 21, 2015
16:01 EDTBABAOptions Update; August 21, 2015
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August 20, 2015
16:00 EDTBABAOptions Update; August 20, 2015
iPath S&P 500 VIX Short-Term Futures up 1.49 to 17.70. Option volume leaders: AAPL BAC FB NFLX DIS INTC BABA MU
09:36 EDTBABAActive equity options trading on open
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07:20 EDTBABACitigroup to hold a conference
Hong Kong / China Corporate Day is being held in Hong Kong on August 20.
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