Lentuo International Inc. (NYSE:LAS) is a leading non-state-owned automobile retailer headquartered in Beijing, today announced that it has signed an agreement (“the Agreement”) with Sohu Auto, a leading online auto information provider in China and a business unit of Sohu.com Inc. (NASDAQ: SOHU), to create a fully integrated online-to-offline (“O2O”) platform for pre-owned cars in China. Sohu Auto will act as online marketing partner for this platform. The platform will greatly expand Lentuo’s ability to reach a larger group of car buyers and allow it to meet the growing demand from younger Chinese who increasingly shop for cars on the internet. Sohu.com Inc (NASDAQ:SOHU) stock opened at $82.00 in last session, and closed at $84.99, while the day range of SOHU stock is $80.56-$85.57.The stock showed a positive weekly performance of 13.15%.
Goldman Sachs restated their neutral rating on shares of Ariad Pharmaceuticals (NASDAQ:ARIA) in a report issued on Thursday, StockRatingsNetwork reports. Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) stock opened at $9.13, in last session and closed at $8.69, by loosed -3.34%.The 52 week range was $2.15-$23.00.Company’s market capitalization is $1.61 billion.
The Men’s Wearhouse, Inc. (NYSE:MW) declared that it has Friday welcomed smaller rival Jos. A. Bank Clothiers, Inc.’s (JOSB) invitation to conduct due diligence. Men’s Wearhouse said it is ready to begin discussions on the proposed offer to acquire Jos. A. Bank in order to strike a mutually acceptable deal. The Men’s Wearhouse, Inc. (NYSE:MW) stock gained 6.68% and finished the last session at $53.79.The EPS of the stock remained 2.28.Company’s market capitalization is $2.55 billion.
Investment analysts at Thomson Reuters/Verus started coverage on shares of Qiwi PLC (NASDAQ:QIWI) in a note issued to investors on Monday, American Banking News reports. The firm set a “buy” rating on the stock. Qiwi PLC (NASDAQ:QIWI) stock opened the session at $48.93, and closed the session at $46.63. The 52 week range of the QIWI stock remained $14.51-$59.24 and the day range was $43.72-$48.99.
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