At Mobile Asia Expo 2014 11 June, Qihoo 360 Technology Co Ltd (NYSE:QIHU) launched a fresh update for its 360 Browser with two new features, File Download Scanner and World Cup 2014 Promotion. With this update, 360 Browser hopes to bring users a combination of enhanced Internet security and lifestyle features. Qihoo 360 Technology Co Ltd (NYSE:QIHU) net profit margin is 17.30% and weekly performance is 6.32%. On last trading day company shares ended up $90.71. Analysts mean target price for the company is $139.05. Qihoo 360 Technology Co Ltd (NYSE:QIHU) distance from 50-day simple moving average (SMA50) is 4.24%.
Trulia Inc. (NYSE:TRLA) has no comment on a report by Benzinga that it’s in talks to acquire realtor.com operator Move Inc. for $18 a share, Bloomberg reports. Trulia Inc. (NYSE:TRLA) shares advanced 2.43% in last trading session and ended the day on $45.04. TRLA gross Margin is 82.80% and its return on assets is -6.60%.Trulia Inc. (NYSE:TRLA) quarterly performance is 34.61%.
Priceline Group Inc. (NASDAQ:PCLN) announced the acquisition of online restaurant reservation platform Open Table in a $2.6 billion cash deal. Although the price represents a considerable premium versus recent market prices for OpenTable, it looks like Priceline is making a smart move and positioning itself to capitalize on substantial growth opportunities in the years ahead. Priceline Group Inc. (NASDAQ:PCLN) shares moved down -0.50% in last trading session and was closed at $1,196.51, while trading in range of $1,187.00 – $1,213.23. Priceline Group Inc. (NASDAQ:PCLN) year to date (YTD) performance is 2.93%.
Hong Kong-listed Citic Pacific Ltd. has secured US$690 million from 10 new investors, including Internet giant Tencent Holdings Ltd. (OTCMKTS:TCTZF) to help finance its $37 billion acquisition of the assets of its Chinese state-owned parent, Citic Group. Tencent Holdings Ltd (OTCMKTS:TCTZF) ended the last trading day at $14.80.
Since purchasing its line of automated decortication equipment and accompanying kenaf, Hemp, Inc. (OTCMKTS:HEMP) announced on 12 June the first sale of its raw and processed kenaf in the United States. According to Hemp, Inc. executives, a developer in Kingman, Arizona has purchased approximately 12,000 pounds of raw kenaf and approximately 15,000 pounds of finished kenaf fiber for inclusion in the concrete and/or stucco home building materials for their environmentally sound eco-community. On last trading day company shares ended up $0.0606.
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