China regulator studying impact of overseas-listed firms relisting in China
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Qihoo 360 Technology (QIHU) Comments on Privatization Rumors; Believes to Be Untrue
May 9, 2016 6:37 AM EDTQihoo 360 Technology Co. Ltd. (NYSE: QIHU) confirmed its awareness of certain rumors circulating in the past two days concerning its proposed privatization. Qihoo 360 understands that these rumors are untrue. Qihoo 360's policy is not to comment on rumors or speculation, and accordingly it does not intend to comment further.
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Brean Capital Raises Price Target on Alibaba (BABA) Following Mixed 4Q
May 6, 2016 10:15 AM EDTBrean Capital reiterated a Buy rating on Alibaba (NYSE: BABA), and raised the price target to $100.00 (from $96.00), following the company's 4Q earnings report. Revenue came in at RMB 24.2bn (+39% YoY), exceeding consensus estimates of RMB 23.2bn. The upside was largely driven by stronger-than-expected revenue growth in core China retail marketplaces. Adjusted EPS came in at $0.47, trailing... More
