Baidu Inc (ADR) (NASDAQ:BIDU) has found the man to run its new AI lab in Silicon Valley. China’s top search engine Baidu have 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 8.31%. On last trading day company shares ended up $167.63. Analysts mean target price for the company is $1314.21. Baidu Inc (ADR) (NASDAQ:BIDU) distance from 50-day simple moving average (SMA50) is 7.03%.
Molson Coors Brewing Company (NYSE:TAP) declared a regular quarterly dividend on its Class A and Class B common shares of US$0.37 per share, payable June 16, 2014, to shareholders of record on May 30, 2014. The quarterly dividend is payable to holders of Class A and Class B common stock of Molson Coors Brewing Company. In addition, Molson Coors Canada Inc. declared a quarterly dividend of approximately CDN$0.40 (the Canadian dollar equivalent of the dividend declared on Molson Coors stock), payable June 16, 2014, to its Class A and Class B exchangeable shareholders of record on May 30, 2014. Molson Coors Brewing Company (NYSE:TAP) shares fell -0.23% in last trading session and ended the day on $64.40. Gross Margin is 39.90% and its return on assets is 4.40%. Molson Coors Brewing Company (NYSE:TAP) quarterly performance is 13.18%.
On May 22, China New Borun Corporation (NYSE:BORN), a leading producer and distributor of corn-based edible alcohol in China, today announced its unaudited financial results for the first quarter ended March 31, 2014. For the first quarter of 2014, total revenue increased by 38.8% year-over-year to RMB625.7 million ($101.7 million) from RMB450.7 million in the same period of 2013. The increase in total revenue was mainly attributable to higher sales volumes for all of our products.China New Borun Corp (NYSE:BORN) a share moved down -11.01% in last trading session and was closed at $2.83, while trading in range of $2.75 – $3.30. China New Borun Corp (NYSE:BORN) year to date (YTD) performance is 13.20%.
A jury began deliberations Thursday afternoon in a gender discrimination lawsuit filed by a former Anheuser-Busch Inbev SA (ADR) (NYSE:BUD) executive who claims the company paid her less than half as much as her male predecessor. Francine Katz filed suit soon after she left Anheuser-Busch following its 2008 sale to Belgian brewer InBev. Katz earned roughly $1 million annually after her 2002 promotion to vice president of communications and consumer affairs but is seeking $9.4 million in back pay and damages, plus nearly $5 million in interest and an undetermined amount of punitive damages. The 56-year-old lawyer said she earned less than half of what her male predecessor, a prominent civil rights activist, was paid. Anheuser Busch Inbev SA (ADR) (NYSE:BUD) ended the last trading day at $110.05. Company weekly volatility is calculated as 0.82% and price to cash ratio as 17.82. Anheuser Busch Inbev SA (ADR) (NYSE:BUD) showed a negative weekly performance of -0.72%.
Zacks upgraded shares of Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) from an underperform rating to a neutral rating in a research report released on Thursday morning, American Banking News reports. Zackscurrently has $104.00 price objective on the stock. Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) net profit margin is 6.40% and weekly performance is -1.69%. On last trading day company shares ended up $96.88. Analysts mean target price for the company is $103.82. Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) distance from 50-day simple moving average (SMA50) is 4.50%.