With Alibaba's US IPO on the horizon, there is already a class of Internet stocks in Asia that could be the next WhatsApp, says Buzzfeed's Jon Steinberg.» Read More
Yet Proofpoint Inc, a $1.6 billion market cap email security company, is catching the eye of fund managers by gaining share in a market that many investors have left for dead. Twenty-six small-cap funds added Proofpoint to their portfolios over the last quarter, a nearly 15 percent increase from the quarter before, Morningstar data show.
Ballard Power Systems Inc. fell 3.2 percent to $5.51 with 10,269,900 shares traded. Cisco Systems Inc. rose. 8 percent to $21.53 with 14,672,600 shares traded. Facebook Inc. rose. 3 percent to $67.92 with 30,626,500 shares traded.
NEW YORK-- Yahoo Inc. shares rose in premarket trading Monday after Chinese e-commerce giant Alibaba Group said it plans to go public on a U.S. stock exchange, possibly raising up to $15 billion. Yahoo owns a 24 percent stake in Alibaba. Analysts have estimated that an Alibaba IPO could raise up to $15 billion and value the company at more than $100 billion.
SAN FRANCISCO, March 16- Twitter Inc CEO Dick Costolo will meet Shanghai government officials, academics and students in his first visit to China, signaling Twitter's interest in cracking a lucrative but thorny market with 600 million Internet users.
*Tencent, JD.com tie-up sharpens e-commerce challenge. SHANGHAI, March 17- Alibaba's dominance of online retail in China faces its biggest-ever challenge as the firm founded by Jack Ma in a one-room apartment 15 years ago lines up a U.S. initial public offering that could value the firm at around $140 billion.
WASHINGTON, March 16- As details emerge about how General Motors Co dealt with faulty ignition switches in some of its models, car owners are increasingly angry after learning that the automaker knowingly allowed them to drive defective vehicles. Saturn Ion owner Nancy Bowman of Washington, Michigan, said she is outraged that GM allowed her to drive a "death trap."
*Alibaba listing is the most anticipated deal since Facebook's IPO in 2012.
*Alibaba's US IPO move could be a blow to Hong Kong stock exchange. Alibaba's planned U.S. listing is the most anticipated IPO since Facebook Inc raised $16 billion in 2012. Alibaba's decision to go to the United States is a blow to the Hong Kong stock exchange, which was initially the company's preferred venue for the IPO.
A new app has added a twist to video messaging between friends: Instant reactions.
*Ukraine rulers accuse Kremlin agents of fomenting trouble. KIEV/ SIMFEROPOL, Ukraine, March 15- Pro-Russian leaders in Crimea made final preparations on Saturday for a referendum widely expected to transfer control of the Black Sea region from Ukraine to Moscow, despite an outcry and threat of sanctions from the West.
KIEV/ SIMFEROPOL, Ukraine, March 15- Pro-Russian leaders in Crimea made final preparations on Saturday for a referendum widely expected to transfer control of the Black Sea region from Ukraine to Moscow, despite an outcry and threat of sanctions from the West.
HONG KONG, March 15- China's e-commerce giant Alibaba Group Holding Ltd is planning a U.S. Alibaba does not want to miss the technology boom, which has boosted valuations of Internet companies both in the United States and in Hong Kong.
The Chinese Internet industry is coming of age, as some of its biggest players prepare to start new chapters as publicly traded companies in the US.
After years of struggling with your sweet tooth, finally, it's led to gains where you want them; in your portfolio!
NEW YORK, March 14- International Business Machines Corp has not relinquished its customers' data to the U.S. government and would challenge any orders to do so, the company said in a blog post on Friday.
Research in Motion Ltd. rose 1.2 percent to $9.16 with 11,548,800 shares traded. Cisco Systems Inc. fell. 5 percent to $21.41 with 20,269,600 shares traded. Facebook Inc. fell 1.0 percent to $68.13 with 31,805,400 shares traded.
NEW YORK, March 14- The manager of one of the best performing large-cap growth stock funds over the past five years is a value investor at heart. Dennis Lynch, portfolio manager of the $1.3 billion Morgan Stanley Growth fund, sets out to find what he calls "emerging franchises".
Kara Swisher, Re/code co-executive editor, discusses Facebook CEO Mark Zuckerberg's call to President Obama concerning U.S. government surveillance and the threat the NSA poses to the Internet. CNBC's Jon Fortt, weighs in.
The Wikipedia founder and Facebook boss slammed the U.S. government over its electronic surveillance methods.
Facebook CEO Mark Zuckerberg called President Obama to complain about the NSA spy program and express his concerns about the U.S. government's Internet behavior. The "Squawk on the Street" share their opinions.