Addressing staff through a company-wide email, Charles Chao, Chief Executive of China’s internet-media giant, Sina Corp. (NASDAQ: SINA) charted out company’s strategy for 2013. Chao said that the company’s strategy will revolve around restructuring its business which would allow it to focus on mobile-computing business or “mobile-first” as described by the CEO.
Continue reading Sina’s CEO Unveils 2013 Strategy Through a Company-Wide Email (SINA)
Shares of magicJack VocalTec (NASDAQ: CALL), a provider of voice-over-Internet-Protocol (VOIP), the softphone and the magicJack products, have risen sharply in pre-market trading today after the Israel-based company raised its outlook for the fourth quarter and full year 2012. The company also announced the appointment of new President and CEO.
Continue reading magicJack VocalTec Rallies on Outlook (CALL)
Shares of Toyota Motor Corporation (ADR) (NYSE: TM), the Japanese automaker, have edged higher in early trading today. At last check, TM shares were trading 1.49% higher at $91.71 on volume of 51,081. The stock hit an intra-day high of $92.17 earlier today.
Continue reading Major Movers on December 27; TM, DECK, MRVL, VVUS, KT, CHMT, AAPL, AMZN
Shares of Diodes Incorporated (NASDAQ: DIOD), the Plano, Texas-based worldwide manufacturer and supplier of application-specific standard products within the discrete, logic and analog semiconductor markets, have edged higher in early trading today after the company agreed to acquire BCD Semiconductor Manufacturing Limited (ADR) (NASDAQ: BCDS), a leading analog integrated device manufacturer.
Continue reading Diodes to Acquire BCD Semiconductor Manufacturing (DIOD, BCDS)
Car maker, Ford Motor Company (NYSE: F) announced on Thursday that it will be spending about $773 million for revamping manufacturing facilities in 6 southeast Michigan plants in 2013 as the company looks to launch next generation of products.
Shares of Toyota Motor Corporation (ADR) (NYSE: TM), the Japanese automaker, are marginally lower in early trading today. At last check, TM shares were trading 0.42% lower at $90.80 on volume of 71,782. The stock fell to an intra-day low of $90.41 earlier today. TM shares have fallen more than 2% in the last three trading sessions.
Continue reading Major Losers on December 26; TM, PG, KORS, NOW, AMZN, ESLT, WMT
Shares of Weatherford International Ltd. (NYSE: WFT), a provider of equipment and services used in drilling, evaluation, completion, production and intervention of oil and natural gas wells, are up sharply in trading today.
Continue reading Major Gainers on December 26; WFT, F, RIMM, RAD, PSSI, VALE, PTR
World’s biggest video-streaming service provider, Netflix Inc. (NASDAQ: NFLX) said on Monday that it has restored its services after a technical glitch in Amazon.com Inc.’s (NASDAQ: AMZN) web storage and computing system blocked many of its customers from accessing movies and television shows.
Continue reading Netflix Streaming Service is Restored (NFLX, AMZN)
Houston, Texas-based oil and gas major ConocoPhillips (NYSE: COP) and Sinopec Exploration Southern Co., a subsidiary of Sinopec Group, signed an agreement to focus on shale gas exploration and production research for the Qijiang block in the Sichuan Basin.
Continue reading ConocoPhillips, Sinopec to Conduct Joint Research on Shale Gas in China (COP)
Shares of TripAdvisor Inc. (NASDAQ: TRIP), an online travel research company enabling users to plan and have a trip, are gaining in trading today. At last check, TRIP shares were trading 1.93% higher at $42.78 on volume of 294,007. The stock hit an intra-day high of $44.10 before paring some of its gains. Despite today’s gains, TRIP shares have fallen nearly 1.5% in the last three trading sessions.
Continue reading Major Movers on December 24; TRIP, AUO, AMZN, MSFT, FB, UTX