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Stock Market & Financial Investment News

News Breaks
December 19, 2012
09:17 EDTYNDXYandex and Sberbank form joint venture for electronic money solutions
Yandex and Sberbank of Russia announced a strategic partnership in the area of e-money, through the establishment of a joint venture on the Yandex.Money platform. Yandex and Sberbank plan to be at the forefront of developing innovative online retail payment solutions by combining Sberbank's banking expertise and Yandex's internet technologies. Sberbank and Yandex will form a joint venture through the acquisition by Sberbank of a 75% interest in the charter capital of Yandex.Money for $60M, with Yandex retaining a blocking interest in the JV.
News For YNDX From The Last 14 Days
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August 28, 2014
06:04 EDTYNDXYandex volatility expected to move on Russian military invasion
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August 25, 2014
05:36 EDTYNDXYandex appoints CFO Shulgin as COO, Greg Abovsky promoted to CFO
Yandex announced changes in its senior management team. Alexander Shulgin, currently the group's CFO, has been appointed COO of Yandex's Russian business, effective September 1. In his new role, Shulgin will be the principal executive in charge of operations of Yandex's Russian business. Greg Abovsky will be promoted to CFO to replace Shulgin, also effective September 1. Abovsky joined Yandex as its vice president of Investor Relations in January 2013 and took on the additional role of VP of Corporate Development in October 2013.
August 21, 2014
09:33 EDTYNDXYandex downgraded to Neutral from Buy at Goldman
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