Weibo Corp. (ADR) (NASDAQ:WB), China’s version of Twitter, issued shares worth three votes apiece to parent company Sina Corp., which holds about 80% of the voting power. 500.com Inc., an operator of online sports lotteries, and 58.com Inc., a classified-ads site, granted insiders 10 votes per share in IPOs last fall. Executives at online retailer LightInTheBox Holding Co. get three votes per share on matters related to a change of control, making the company effectively immune to a hostile takeover. Weibo Corp (ADR) (NASDAQ:WB) net profit margin is -74.70% and weekly performance is 10.58%. On last trading day company shares ended up $19.75. Analysts mean target price for the company is $25.00. Weibo Corp (ADR) (NASDAQ:WB) distance from 50-day simple moving average (SMA50) is 0.45%.
Qihoo 360 Technology Co Ltd (NYSE:QIHU) announced that it will report its first quarter 2014 financial results on Tuesday, May 27, 2014, after the close of U.S. markets. Qihoo 360′s management will host a conference call to discuss the results at 7:30 a.m. Eastern Time on May 28, 2014 (7:30 p.m. Beijing time on May 28, 2014). Qihoo 360 Technology Co Ltd (NYSE:QIHU) shares fell -0.34% in last trading session and ended the day on $79.73. Gross Margin is 86.90% and its return on assets is 9.20%. Qihoo 360 Technology Co Ltd (NYSE:QIHU) quarterly performance is -19.67%.
BCE Inc. (USA) (NYSE:BCE)’s media business is certainly under pressure as soon Roger Communications will get hold of almost all of the national broadcast rights to the National Hockey League in its own hands. In today’s world, where Sports programming is considered as a big saviour for the television industry, such announcement was natural to come from BCE, which is trying hard to hold on to its sports business. The company’s CEO, George Cope said at the AGM that the customers will not have to pay anything extra, as it is just extension of content on TSN. BCE Inc. (USA) (NYSE:BCE) shares moved up 0.04% in last trading session and was closed at $45.86, while trading in range of $45.72 – $45.94. BCE Inc. (USA) (NYSE:BCE) year to date (YTD) performance is 7.30%.
Naspers Limited (ADR) (OTCMKTS:NPSNY) which owns more than a third of Tencent Holdings, climbed 8.99 percent to 1,172.37 rand by 14:12 SA time, on course for its biggest daily percentage gain in five years. “The main reason why investors are excited about Naspers has got to do with Tencent. Tencent shot the lights out with their results. It’s all Tencent,” Brendan Sacks, a trader at Nedbank Private Wealth said. Naspers Limited (ADR) (OTCMKTS:NPSNY) ended the last trading day at $110.29 .
Equities research analysts at RBC Capital upped their price target on shares of TELUS Corporation (USA) (NYSE:TU) from C$39.00 to C$40.00 in a research note issued to investors on Friday, American Banking and Market Newsreports. The firm currently has an “outperform” rating on the stock. TELUS Corporation (USA) (NYSE:TU) net profit margin is 11.30% and weekly performance is 2.67%. On last trading day company shares ended up $37.36. Analysts mean target price for the company is $41.64. TELUS Corporation (USA) (NYSE:TU) distance from 50-day simple moving average (SMA50) is 5.71%.
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