E Commerce China Dangdang Inc (ADR) (NYSE:DANG), a leading business-to-consumer e-commerce company in China, announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2013. Net income for the fourth quarter of 2013 was a record RMB21.7 million ($3.6 million), representing 1.1% of net revenues, as compared with a net loss of RMB122.1 million in the fourth quarter of 2012, representing negative 7.6% of total net revenues, and a net loss of RMB27.9 million, representing negative 1.8% of total net revenues, in the third quarter of 2013. Gross margin for the fourth quarter of 2013 was 17.6%, compared to 13.4% in the fourth quarter of 2012 and 17.6% in the third quarter of 2013. Total net revenues in fiscal year 2013 were RMB6,325.0 million ($1,044.8 million), a 21.8% increase from 2012. E Commerce China Dangdang Inc (ADR) (NYSE:DANG) stock opened at $11.07 in last trading session, and closed at $13.11, trading in the range of $10.75 – $13.44. The stock showed a positive weekly performance of 27.16%.
Delta Air Lines, Inc. (NYSE:DAL), one of the nation’s largest carriers, is revamping its loyalty program to offer members reward miles based on how much money is spent instead of on the number of miles flown. Delta Air Lines, Inc. (NYSE:DAL) shares closed at $33.32 on last trade day, by losing -0.57%. Stock 52 week range is $13.85 – $33.95. Company’s market capitalization is $28.30 billion.
McLean Capital Management upgraded shares of Walgreen (NYSE:WAG) from a neutral rating to a buy rating in a report issued on Friday, Analyst Ratings.Net reports. Walgreen Company (NYSE:WAG) stock advanced 2.53% and finished the last session at $68.19. The EPS of the stock remained 2.85. Company’s market capitalization is $64.79 billion.
The Nevada Supreme Court has sided with Las Vegas Sands Corp. (NYSE:LVS) on the question of whether the company has to hand over confidential documents to an executive suing for wrongful termination. Las Vegas Sands Corp. (NYSE:LVS) stock opened at $83.23 in last trading session and closed at $85.13. The 52 week range of the stock is $47.95 – $85.86 and the day range was $83.23 – $85.86.