On May 23, China’s top search engine Baidu Inc (ADR) (NASDAQ:BIDU) has found a new man to run its artificial intelligence research labs in Sunnyvale and Beijing. The company has hired Andrew Ng, who was Google Inc (NASDAQ:GOOGL)’s former artificial intelligence (AI) chief. Andrew will spearhead the research in the field of artificial intelligence which is very important for Internet companies as it can show them how to use the data they have. Baidu Inc (ADR) (NASDAQ:BIDU) net profit margin is 30.60% and weekly performance is 4.89%. On last trading day company shares ended up $166.17. Analysts mean target price for the company is $1314.21. Baidu Inc (ADR) (NASDAQ:BIDU) distance from 50-day simple moving average (SMA50) is 5.95%.
Sprint Corporation (NYSE:S) Chairman Masayoshi Son pledged to abide by net neutrality principles if his company is allowed to buy rival T-Mobile US Inc., offering regulators a carrot as he builds his case for the controversial deal. Sprint Corporation (NYSE:S) shares fell -0.33% in last trading session and ended the day on $9.20. Its return on assets is -3.10 %. Sprint Corporation (NYSE:S) quarterly performance is 9.65%.
National Australia Bank Ltd. (ADR) (OTCMKTS:NABZY) is to accelerate its exit from UK property banking market by putting a portfolio of around £750m of loans up for sale. National Australia Bank Ltd. (ADR) (OTCMKTS:NABZY) shares moved down -0.16% in last trading session and was closed at $15.39, while trading in range of $15.31 – $15.45.
International Business Machines Corp. (NYSE:IBM) announced that the cities of Minneapolis, Minnesota, and Montpellier, France, are working with IBM to make data-driven decisions to rapidly transform the way they provide water, transportation and emergency management. These and other cities around the world are increasingly using data to make better decisions and allocate resources to sense and respond to challenges in city infrastructure. From improving traffic management, responding rapidly to incidents, using effective communication channels with citizens and ensuring sustainable natural resources, data and analytics are providing new insight to create more effective cities. International Business Machines Corp. (NYSE:IBM) ended the last trading day at $183.08. Company weekly volatility is calculated as 0.88% and price to cash ratio as 19.10. International Business Machines Corp. (NYSE:IBM) showed a negative weekly performance of -0.98%.
Deutsche Bank upgraded shares of Cisco Systems Inc (NASDAQ:CSCO) from a hold rating to a buy rating in a research report released on Tuesday morning,TheFlyOnTheWall.com reports. Deutsche Bank currently has $30.00 price objective on the stock, up from their previous price objective of $25.00. Cisco Systems, Inc. (NASDAQ:CSCO) net profit margin is 16.70% and weekly performance is 2.90%. On last trading day company shares ended up $24.82. Analysts mean target price for the company is $25.01. Cisco Systems, Inc. (NASDAQ:CSCO) distance from 50-day simple moving average (SMA50) is 8.13%.
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