Some of the names on the move ahead of the open.» Read More
Chinese e-commerce giant Alibaba is the "hottest thing" in high tech right now, former Apple CEO John Sculley told CNBC on Wednesday.
*Shares in Alibaba shareholders Yahoo, Softbank jump. SAN FRANCISCO, April 15- Alibaba Group Holding Ltd's revenue growth accelerated in the last quarter of 2013, a timely lift for the Chinese Internet company as it prepares to file a prospectus next week for its highly anticipated initial public offering.
*Softbank, Yahoo reap the benefits of Alibaba holdings. SYDNEY, April 16- Asian share markets made broad gains on Wednesday after China reported economic growth a touch above forecasts, a relief for investors who had feared a much weaker outcome. "This is likely to be the low point for this year," said Shane Oliver, head of investment strategy at AMP Capital in Sydney.
*Nikkei leads the way encouraged by late rally on Wall St. SYDNEY, April 16- Asian share markets were mostly in the black on Wednesday after China reported economic growth a touch above forecasts, a relief for investors who had feared a much weaker outcome.
Larry Haverty, Portfolio Manager at Gabelli Funds, says Marissa Mayer's efforts to beef up Yahoo's main business seem to have limited success amid strong competition from Google and Facebook.
Alibaba Group accelerated revenue growth in the crucial fourth quarter, a timely lift as it prepares for a public offering in the U.S.
*European bond yields hit new lows as Ukraine tensions mount. SYDNEY, April 16- Asian markets took some comfort from a late spurt by Wall Street on Wednesday as investors tensed for a reading on Chinese economic growth, while rising tensions in Ukraine kept safe-haven sovereign debt well bid.
Gene Munster, Managing Director & Senior Research Analyst at Piper Jaffray, discusses the extent of Alibaba's impact on Yahoo's first quarter earnings.
SAN FRANCISCO, April 15- Yahoo Inc barely managed to expand its core advertising business in the first quarter despite Chief Executive Marissa Mayer's two-year effort to revive growth at the Internet pioneer.
*Goldman Sachs and Morgan Stanley lead underwriters for offering. April 15- Moelis& Co's initial public offering has been priced at $25 per share- below its expected range- a market source said, valuing the independent investment bank at about $1.29 billion.
SAN FRANCISCO, April 15- Yahoo Inc on Tuesday forecast second-quarter revenue, excluding traffic acquisition costs, of $1.06 billion to $1.1 billion, in line with expectations for about $1.08 billion.
Intel is among the companies making news after the bell: INTC, YHOO, CSX
SAN FRANCISCO, April 15- Alibaba Group Holding Ltd accelerated revenue growth in the crucial fourth quarter, the company reported on Tuesday, a timely lift for the Chinese Internet company as it prepares for a highly anticipated public offering.
CNBC's Dominic Chu says Dow Jones reports Moelis will offer 6.5 million shares at $25 per share, lower than expected range of $26 to $29.
*Russia says Ukraine on brink of civil war. *Brent oil falls as investors weigh Libya, Ukraine.
SAN FRANCISCO, April 15- Yahoo Inc barely managed to expand its core advertising business in the first quarter despite Chief Executive Marissa Mayer's two-year effort to revive growth at the Internet pioneer. Yahoo is trying to revitalize its business under Mayer, who took the reins about two years ago.
Stocks rose on Tuesday after earnings from Dow components Coca-Cola and Johnson & Johnson.
The "Fast Money" traders discuss Yahoo's quarterly numbers. Trader Jon Najarian says Alibaba knocked it out for Yahoo.
*Coca-Cola and Johnson& Johnson rally after results. *Tesla and Netflix slide, but Twitter jumps after deal. NEW YORK, April 15- U.S. stocks ended a volatile session higher on Tuesday, lifted by gains in such blue-chip names as Coca-Cola and Johnson& Johnson, though persistent weakness in momentum names limited the Nasdaq's advance.
SAN FRANCISCO, April 15- Yahoo Inc delivered modest revenue growth in the first quarter but its shares jumped on strong results from Alibaba Group Holding Ltd ahead of the Chinese e-commerce company's highly anticipated initial public offering. Shares of Yahoo were up roughly 8 percent to $36.90 in after hours trading on Tuesday.