Marissa Mayer is finally set to get a cash infusion from Yahoo! Inc. (NASDAQ:YHOO)’s nine-year investment in Alibaba Group Holding Ltd. along with the pressure of putting the money to work. Yahoo is selling 208 million shares, or about 40 percent of its Alibaba stake, in the Chinese Internet company’s upcoming initial public offering, and could generate in excess of $10 billion in the process. That would more than double Yahoo’s cash stockpile. Yahoo! Inc. (NASDAQ:YHOO) shares after opening at $36.94 moved to $37.17 on last trade day and at the end of the day closed at $36.49. Company price to sales ratio in past twelve months was calculated as 7.86 and price to cash ratio as 12.49. Yahoo! Inc. (NASDAQ:YHOO) showed a positive weekly performance of 1.84%.
Spectra Energy Partners, LP (NYSE:SEP) announced that the board of directors of its general partner declared a quarterly cash distribution to unit holders of $0.55625 per unit, an increase of one cent over the previous level of $0.54625 per unit. This is the 26th consecutive quarter that Spectra Energy Partners has increased its quarterly cash distribution. The cash distribution is payable on May 30, 2014, to unit holders of record at the close of business on May 19, 2014. This quarterly cash distribution equates to $2.225 per unit on an annual basis. Spectra Energy Corp. (NYSE:SE) shares fell -0.86% in last trading session and ended the day on $39.26. SE return on equity ratio is recorded as 11.80% and its return on assets is 3.10%. Spectra Energy Corp. (NYSE:SE) yearly performance is 31.57%.
TripAdvisor, Inc. (NASDAQ:TRIP) yesterday announced it has made an exclusive offer to acquire lafourchette, an online restaurant booking platform with a network of more than 12,000 restaurant partners across Europe. Tripadvisor Inc. (NASDAQ:TRIP) shares moved down -3.94% in last trading session and was closed at $81.37, while trading in range of $80.42 – $85.93. Tripadvisor Inc. (NASDAQ:TRIP) year to date (YTD) performance is -1.76%.
Cognizant Technology Solutions Corp (NASDAQ:CTSH) on Wednesday said it earned revenues of $2.42 billion for the quarter ending March 2014, up 19.9% from a year ago quarter and 2.8% sequentially. Cognizant Technology Solutions Corp (NASDAQ:CTSH) weekly performance is 2.82%. On last trading day company shares ended up $49.20. Cognizant Technology Solutions Corp (NASDAQ:CTSH) distance from 50-day simple moving average (SMA50) is -1.87%. Analysts mean target price for the company is $57.27.