Hedge funds continued to be burned in April by volatility in tech and other stocks following losses in March.» Read More
SAN FRANCISCO, April 17- Shares of Weibo Corp rose 19 percent in their U.S. debut on Thursday, sweeping aside concerns that Chinese censorship will hurt the growth of the country's Internet sector and broader worries about lofty tech-stock valuations.
April 17- Fund and pension investors who are watching their biotech and social media stakes melt before their eyes may well feel they've had their pockets picked by self-serving investment managers. William Janeway, economist and venture capital veteran, put it well at the Institute for New Economic Thinking conference last week:.
April 17- Companies looking to go public in the United States will have to temper their expectations as investors begin to question valuations in a crowded market. Sabre Corp, the airline ticketing technology provider that also owns online travel agency Travelocity, sold fewer shares than expected and priced them below the targeted range.
SAN FRANCISCO, April 17- Shares of Weibo Corp rose as much as 41 percent in their U.S. debut on Thursday, sweeping aside concerns that censorship in China will hurt the growth of the country's Internet sector and broader worries about the outlook for tech-sector stocks.
NEW YORK— Facebook users in the U.S. will soon be able to see which of their friends are in close proximity using a new feature the company is launching on Thursday. The feature uses your smartphone's GPS system to tell your Facebook friends you are nearby— provided they have the feature turned on.
April 17- Shares of Weibo Corp, the owner of a Chinese Twitter-like messaging service, rose as much as 14.6 percent in their U.S. debut, overcoming worries about the outlook for tech sector and concerns that censorship in China was affecting its user growth. That would make it the biggest internet company IPO since Facebook Inc's $16 billion IPO in 2012..
The $9.4 billion Fidelity Select Biotechnology Fund plunged 11.75 percent during the first 14 days of April. That put the fund near the bottom among nearly 3,800 U.S. mutual funds tracked by Lipper Inc. Only six funds performed worse, but they had less than $100 million in assets each.
April 17- Google Inc's disappointing first-quarter results left Wall Street unfazed about the internet giant's ability to come to grips with the shift to the fast-growing mobile advertising market. Google shares were down about 3 percent in early trading on Thursday, and at least 12 brokerages cut their target price on the stock.
JOHANNESBURG, April 17- Africa's demand for bandwidth is doubling every year, outpacing the laying of terrestrial telecom fibre links and encouraging commercial satellite operators to launch more units into orbit.
April 17- Google Inc's disappointing first-quarter results left Wall Street unfazed about the internet giant's ability to come to grips with a shift to the fast-growing mobile advertising market. Google shares were down 2 percent in premarket trading on Thursday and at least 12 brokerages cut their target price on the stock.
*Initially planned to sell 20 mln ADSs at $17- $19 each. April 17- China's Weibo Corp, a Twitter- like messaging service company, raised a less-than-expected $286 million after it cut the size of its U.S. initial public offering amid a selloff in technology shares and concerns about slowing user growth.
SAN FRANCISCO, April 16- Disappointing results from Google Inc and IBM may unnerve investors shaken by a strong recent selloff in tech stocks, underscoring the challenges the Internet and IT sectors face as corporate report cards come due in coming weeks.
April 16- Yahoo Inc's Chief Executive Marissa Mayer is working on a plan to persuade Apple Inc to ditch Google as its default search engine in favor of Yahoo, technology news site Re/code reported, citing sources within Yahoo. Mayer's effort is in advanced stages, with a detailed pitch already prepared for Apple executives, the website said.
SAN FRANCISCO, April 16- Google Inc's first-quarter revenue fell short of Wall Street targets and margins narrowed as the price of its ads continued to decline, underscoring the challenges Internet companies face as the world shifts toward mobile devices.
WASHINGTON, April 16- The U.S. Navy on Wednesday said it would delay the commissioning of the North Dakota, a new Virginia-class submarine that was due to enter active service on May 31, to carry out more design work and resolve quality problems with certain components.
SAN FRANCISCO— Google's first-quarter earnings growth faltered as the Internet's most influential company grappled with a persistent downturn in advertising prices while spending more money to hire employees and invest in daring ideas. Google's Class A stock shed $17.10, or 3 percent, to $546.80 in extended trading.
Analysts had expected the company to report earnings excluding items of $6.40 a share on $15.52 billion in revenue.
Cisco Systems Inc. rose. 6 percent to $23.03 with 30,873,300 shares traded. Comcast Corp. rose 1.6 percent to $49.17 with 20,014,400 shares traded. Facebook Inc. rose 1.1 percent to $59.72 with 76,473,700 shares traded.
Matrix Asset Advisors' David Katz has simple advice for investors: don't time the market, and don't chase momentum stocks when the markets rally.
Facebook's latest moves in mobile have demonstrated how messaging is shifting from SMS texts to full-blown content sharing, including money.