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June 16, 2014
13:06 EDTBIDU, DANG, QIHU, YHOOYahoo falls after Alibaba says sales volume declined
Shares of Yahoo (YHOO) are declining after China's Alibaba, in which Yahoo has a significant stake, reported that its gross merchandise volume had fallen last quarter compared with the previous quarter. Alibaba is China's largest e-commerce website. WHAT'S NEW: Alibaba reported in a regulatory filing for its upcoming initial public offering that the gross merchandise volume on its China retail marketplaces had dropped to 430B yuan last quarter, down from 529B yuan during the previous quarter. Gross merchandise volume is the value of all merchandise sold on the website. Additionally, the company reported that its operating margin had dropped to 45.3% in the first quarter of 2014, from 51.3% during the same period a year earlier. Alibaba added that it would continue to make investments in a number of areas, including marketing and cloud computing. OTHERS TO WATCH: Dangdang (DANG) is another Chinese company that specializes in e-commerce, while Baidu (BIDU) and Qihoo 360 (QIHU) operate search engines in the Asian country. PRICE ACTION: In mid-afternoon trading, Yahoo fell 4.5% to $35.
News For YHOO;DANG;BIDU;QIHU From The Last 14 Days
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December 1, 2015
09:22 EDTQIHUOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Infoblox (BLOX), up 21.4%... Bank of Montreal (BMO), up marginally. ALSO HIGHER: Giga-tronics (GIGA), up 122.5% after entering into a software licensing agreement with Lockheed Martin (LMT)... Imprimis Pharmaceuticals (IMMY), up 11.6% following a partnership announcement with Express Scripts (ESRX)... Mattress Firm (MFRM), up 10.4% after reporting its preliminary third quarter results and Sleepy's acquisition... Qihoo 360 (QIHU), up 3% after the Wall Street Journal reported that a group is near a deal to take the company private. DOWN AFTER EARNINGS: NQ Mobile (NQ), down 16.4%. ALSO LOWER: Breitburn Energy Partners (BBEP), down 21.5% after announcing that it will suspend its distribution for common units... Rex Energy (REXX), down 8% after being downgraded to Sell from Hold at Stifel... Cummins (CMI), down 3.7% after being downgraded to Underperform from Buy at BofA/Merrill... Joy Global (JOY), down 5.7% after being downgraded to Underperform from Neutral at BofA/Merrill.
08:24 EDTQIHUBuyout group near deal to take Qihoo 360 private for $77 per share, WSJ says
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08:20 EDTQIHUBuyout group near $9B deal to take Qihoo 360 private, WSJ reports
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November 30, 2015
13:45 EDTYHOOSunTrust lays out potential CEO replacements if Yahoo moves on from Mayer
Shares of Yahoo (YHOO) have risen this afternoon after SunTrust analyst Robert Peck identified a number of CEO candidates that could potentially step in if current Chief Executive Marissa Mayer were to depart. IF NOT MARISSA, THEN WHO: As questions build regarding the stability of management at Yahoo, a focused and efficient CEO changeover process could be well received by investors, while a drawn out process that lasts months "wouldn't be ideal," SunTrust analyst Robert Peck said in a research note Monday. Though there have certainly been no confirmed reports of Yahoo chief Marissa Mayer departing, the company has seen a marked "brain drain" in recent months. Meanwhile, a November 19 letter from activist fund and Yahoo shareholder Starboard criticized the company's plan to spin off its Alibaba (BABA) holdings, saying it should instead explore a sale of its core Search and Display businesses in order to better recruit talent to those divisions, whose stock performance would no longer be tied to that of a public company outside its control. Today, Robert Peck noted that, after discussions with industry figures regarding the potential for a new Chief Executive at Yahoo, his top 10 CEO candidates include, in no particular order, former Yahoo CEO Ross Levinsohn, Chegg's (CHGG) Dan Rosensweig, Facebook's (FB) Sheryl Sandberg, CBS Interactive's Jim Lanzone, David Rosenblatt, Google's (GOOG) Margo Georgiadis, YouTube's Susan Wojiki, General Electric's (GE) Beth Comstock, NBCUniversal's (CMCSA) Linda Yaccarino, and former Hulu CEO Jason Killar. Peck stressed, however, that he is "unclear" what the company might do, and his candidate list was compiled simply to address ongoing investor questions. Peck also commented that he believes the proposed Alibaba spinoff retains only a "small risk" of incurring a significant tax bill for Yahoo, but he could still envision the company pausing its current plan and pursuing a safer process. The analyst maintained a Buy rating and $40 price target on Yahoo, citing his sum of the parts analysis. PRICE ACTION: Shares of Yahoo are up roughly 0.7% to $33.16 in afternoon trading.
09:35 EDTYHOOActive equity options trading on open
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09:31 EDTYHOOYahoo 'highly targeted' CEO search could be well-received, says SunTrust
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08:53 EDTYHOOSunTrust's Peck lists 10 potential CEO candidates for Yahoo
Several media reports have discussed the health of Yahoo's (YHOO) core business and stability of senior management, in particular CEO Marissa Mayer, SunTrust analyst Robert Peck tells investors today in a research note. Amid investor questions, the analyst scored a list of around 40 potential CEO candidate suggestions. The top 10 most cited, in no particular order, were Ross Levinsohn, Chegg's (CHGG) Dan Rosensweig, Facebook's (FB) Sheryl Sandberg, CBS Interactive's Jim Lanzone, David Rosenblatt, Margo Georgiadis, YouTube's (GOOG) Susan Wojiki, General Electric's (GE) Beth Comstock, NBCUniversal's Linda Yaccarino and Jason Killar. Peck points out that he's unclear what the board might do regarding a potential CEO change. He keeps a Buy rating on Yahoo with a $40 price target citing the "overwhelming likelihood" that the company's Alibaba (BABA) stake spin-off is treated as tax-free.
November 27, 2015
09:36 EDTBIDUActive equity options trading on open
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November 25, 2015
10:08 EDTYHOOYahoo higher after canceling appearance at tech conference
Yahoo has canceled its appearance at next week's technology conference hosted by Credit Suisse, according to sources. The reason behind the cancelation remains unclear. Shares of Yahoo are up 45c to $33.41 in early trading.
09:58 EDTYHOOYahoo November weekly options active
Yahoo November 33 and 34 calls are active on total call volume of 3,700 contracts (puts 1300 contracts). November weekly call option implied volatility is at 26, December is at 34, January is at 33; compared to its 52-week range of 14 to 33. Active options volume suggests traders taking positions for price movement.
08:05 EDTQIHUQihoo 360 Joint Venture signs license agreement for Cross Fire 2 in China
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November 24, 2015
07:06 EDTDANGDangdang reports Q3 EPS (RMB 0.35) vs. RMB 0.29 last year
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06:16 EDTYHOOInsiders losing patience with Yahoo CEO Mayer's growth plan, WSJ says
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November 22, 2015
19:37 EDTYHOOTop Yahoo media executive leaves company, Re/code says
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November 19, 2015
08:03 EDTYHOOStarboard urges Yahoo to sell core businesses
In a letter delivered to Yahoo's Chairman, CEO And board, Starboard stresses that a proposed spin-off of Aabaco Holdings is not Yahoo's best alternative. It adds that a sales of Yahoo's core business would be the best risk-adjusted outcome for shareholders. In the letter, Starboard stated, "We have grown increasingly frustrated with your unwillingness to accept our help and your dismissive approach to our serious concerns about the current situation at Yahoo! Inc. ("Yahoo"). As you, the management team, and your advisors requested from us over a year ago, we have attempted to work with you privately and agreed not to pursue the nomination and election of directors at last year's annual meeting. Despite our numerous conversations and meetings, and notwithstanding your willingness to provide us an audience, you have been reluctant to respond or adapt to the realities of the current environment. The current situation that Yahoo faces is so important that we now feel it is necessary to communicate with management and the Board of Directors in a manner such that our message is not only as explicit as possible for you, but also for our fellow Yahoo shareholders. The proposed spin-off of Aabaco Holdings is not Yahoo's best alternative. Instead, you should be exploring a sale of Yahoo's core Search and Display advertising businesses and leave Yahoo's ownership stakes in Alibaba Group and Yahoo Japan in the existing corporate entity."
06:00 EDTYHOOStarboard sends letter to Yahoo, urges halt of Alibaba spinoff plan, WSJ reports
Yahoo (YHOO) shareholder Starboard Value sent a letter to the company urging the company to halt the plan to sell its stake in Alibaba (BABA) due to the risk of incurring taxes on the sale, the Wall Street Journal reports. The activist investor instead wants Yahoo to sell its struggling Internet business, the report says. Starboard supported the sale of over $20B in Alibaba shares before the IRS denied Yahoo's request for a private letter ruling on whether the spinoff would be considered tax free. Reference Link
November 18, 2015
07:28 EDTYHOOYahoo taxes could amount to more than value of Alibaba stake, says SunTrust
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06:15 EDTYHOOYahoo included in New York's daily fantasy sports investigation, Reuters says
An investigation by the New York attorney general into the daily fantasy sports industry will no include Yahoo, Reuters reports, citing a person familiar with the matter. Yahoo operates its own daily fantasy site and received a subpoena by New York AG Eric Schneiderman, the report says. Reference Link
November 17, 2015
08:50 EDTYHOOCheetah Mobile reports strategic partnership with Yahoo
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06:12 EDTBIDUBaidu to partner with Citic Bank to launch online bank, Financial Times reports
Baidu will partner with Citic Bank to launch an online bank, reports the Financial Times. China Citic Bank had suspended its shares in Shanghai and Hong Kong on Monday pending announcement of a "proposed external investment" while Baidu said it would make an announcement on Wednesday. Reference Link
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