Facebook’s innovation engine may have stalled, but Mark Zuckerberg has been revamping the way it creates and distributes new services. NYT reports.» Read More
Neil Doshi, CRT Capital internet analyst, makes the bull case for Yahoo sans Alibaba.
*China's growth slows, but exceeds median forecast. NEW YORK, April 16- U.S. stocks rose for a third straight session on Wednesday after data showed China's economic growth exceeded expectations and U.S. industrial production rose for a second straight month.
eBay rose$. 50 or. 9 percent, to $54.40. Groupon Inc. fell$. 03 or. 4 percent, to $7.05. LinkedIn Corp. fell $1.46 or. 9 percent, to $169.44.
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 $59.72 with 76,473,700 shares traded.
*European shares rebound, Wall Street rallies, Yahoo shines. Wall Street rallied for a third straight day. The relief rippled through Asian markets then spread to Europe and Wall Street.
Alibaba's growth accelerates, and fueled Yahoo's surge. The FMHR traders debate the play on Yahoo.
European shares closed higher on Wednesday, as better-than-expected Chinese growth data and a slew of earnings releases buoyed sentiment.
Stocks are moving higher for a third day in a row after more U.S. companies report solid earnings and on encouraging news about China's economy. Yahoo rose 6 percent after the Internet pioneer said it was benefiting from its lucrative investments in Asia.
SAN FRANCISCO, April 15- Yahoo Inc again posted anemic quarterly revenue growth as the Internet company's advertising business continues to lag its rivals, nearly two years into Chief Executive Officer Marissa Mayer's comeback effort.
Peter Kafka, Re/code senior editor, weighs in on Yahoo's quarterly earnings and shares his expectations for Alibaba's IPO debut. CNBC's Jon Fortt, discusses.
April 16- Yahoo Inc's shares rose as much as 9 percent in heavy trading on Wednesday, a day after Chinese internet company Alibaba Group Holding Ltd, in which it holds a 24 percent stake, reported a surge in quarterly revenue. At least nine brokerages raised their price targets on Yahoo's shares ahead of Alibaba's IPO filing, expected next week.
CNBC's Jim Cramer has a bold message for portfolio managers looking for growth in a volatile market: sell everything and buy Alibaba.
Yahoo and Delta Air Lines were among the companies posting big gains. Stocks started climbing from the opening bell on Wednesday as investors cheered the latest quarterly earnings report from Yahoo. The Web pioneer reported late Tuesday that it is making most of its money from its stakes in two Asian Internet companies: China's Alibaba Group and Yahoo Japan.
eBay rose$. 42 or. 8 percent, to $54.32. Groupon Inc. fell$. 18 or 2.5 percent, to $6.91. LinkedIn Corp. fell $2.51 or 1.5 percent, to $168.39.
CNBC's Jon Fortt breaks down the Q1 earnings of Yahoo and Intel.
Stock indexes are opening higher after more U.S. companies reported solid earnings and some encouraging news about China's economy. Yahoo soared 8 percent after the company said it was benefiting from its lucrative investments in Asia and that its advertising sales were recovering.
NEW YORK, April 16- U.S. stocks rose at the open on Wednesday after China's economic growth exceeded expectations and Yahoo shares rallied on the strength of revenue growth in Chinese e-commerce giant Alibaba, in which it has a stake.
U.S. stock index futures traded higher on Wednesday, ahead of a busy day for bank, tech and pharmaceutical earnings.
The "Squawk on the Street" news team discuss Yahoo's better-than-expected Q1 earnings report and Alibaba's expected IPO filing.
*Bank of America posts loss, shares fall. NEW YORK, April 16- U.S. stocks were set to rise at the open on Wednesday after China's economic growth exceeded expectations and Yahoo shares rallied on the strength of revenue growth in Chinese e-commerce giant Alibaba, in which it has a stake.