Sina Corp
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Take a look at some of Monday's midday movers:
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SINA Corp., which operates a popular Chinese Internet portal, said Thursday that it narrowed its first-quarter loss on improved revenue. Chairman and CEO Charles Chao said that SINA is making good progress in transitioning from a personal computer-focused business to a mobile-centric Internet company.
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NEW YORK/ HONG KONG, May 2- Where there's an investing niche, there's probably an exchange-traded fund that exploits it. Almost all U.S.-listed ETFs focusing on Chinese stocks are confined to the Hong Kong- listed H-shares represented in global equity indexes or companies such as technology giants Baidu and Sina Corp that trade on U.S. exchanges.
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*Maxim group raises target price to $46 from $44; rating sell. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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*Deutsche Bank, Germany's largest bank, moved Monday to address criticism that it has too thin a cushion against risk, announcing that it planned to issue $3.65 billion in new stock to increase its capital reserves.
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*Jefferies raises to buy from hold; raises price target to $75 from $50. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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acquired an 18 percent stake in web portal Sina Corp's microblogging service Weibo in its first big move into selling advertising on China's highly competitive social networks. Sina's U.S.-listed shares surged 21 percent to $60.81 in early trading, before easing back to $56.90.
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**ORCHARD SUPPLY HARDWARE STORES, $2.11, up 42 pct. Telular said it may solicit superior proposals from third parties through may 29, 2013. Germany's Bayer AG has agreed to buy the U.S. contraceptive devices maker for $1.1 billion, aiming to underpin its position as the world's largest women's healthcare provider.
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Germany's Bayer AG has agreed to buy the U.S. contraceptive devices maker for $1.1 billion, aiming to underpin its position as the world's largest women's healthcare provider. **SINA CORP, $59.74, up 19 pct** YAHOO INC, $24.72, up 0.3 pct.
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*Sina shares jump 18 pct in early trading. April 29- Chinese e-commerce firm Alibaba Group, which has been trying to break into the social networking market, has acquired an 18 percent stake in web portal Sina Corp's microblogging service Weibo for about $586 million.
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*Sina shares jump 18 pct in early trading. April 29- Chinese e-commerce firm Alibaba Group, which has been trying to break into the social networking market, has acquired an 18 percent stake in web portal Sina Corp's microblogging service Weibo for about $586 million.
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Sina Corp, China's largest Internet portal and media website, said Alibaba Group bought an 18 percent stake in its microblogging service Weibo for $586 million.
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NEW YORK, April 29- Sina Corp:. *Shares extend premarket advance, up 25 percent. ( (New York Treasury Desk; Tel: 223 6300)).
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*Sina shares up 17 pct in premarket trading. April 29- Sina Corp, China's largest Internet portal and media website, said e-commerce company Alibaba Group has bought an 18 percent stake in its microblogging service Weibo for about $586 million, valuing Weibo at more than $3 billion.
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**MOODY'S CORP, Friday close $55.12, up 5 pct premarket. Moody's Investors Service and Standard& Poor's on Friday said they have settled two long-running lawsuits seeking to hold them responsible for misleading investors about the safety of risky debt vehicles that they had rated.
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NEW YORK, April 29- Sina Corp:. *Shares up 14.1 percent premarket after strategic alliance with Alibaba. ( (New York Treasury Desk; Tel: 223 6300)).
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April 29- April 29- Sina Corp:. *Alibaba has invested $586 million to purchase preferred and ordinary shares representing about 18% of Weibo on a fully-diluted basis. *Source text for Eikon* Further company coverage () Keywords: SINA/ BRIEF.
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April 29- China's Sina Corp said e-commerce company Alibaba Group has bought an 18 percent stake in its microblogging service, Weibo, for about $586 million.
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April 29- China's Sina Corp said e-commerce company Alibaba Group has bought an 18 percent stake in its microblogging service, Weibo, for about $586 million.
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*Says forms strategic alliance with Alibaba to enable social Commerce. *Alibaba has invested $586 million to purchase preferred and ordinary shares. *Alibaba has invested $586 million to purchase preferred and ordinary shares.
