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Friday 21 August 2015
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Active Stocks Investor’s Alert: AT&T, Inc. (NYSE:T), The Bank of New York Mellon Corporation (NYSE:BK), Momo Inc. (NASDAQ:MOMO)

On Wednesday, Shares of AT&T, Inc. (NYSE:T), gained 0.03% to $34.36.

Digital You is a new, comprehensive AT&T program that offers tools, tips, apps, guidance and community education events for people of all ages and levels of online experience to learn more about how to have a safe and secure online experience. Through Digital You, AT&T has collaborated with prominent national organizations like Common Sense, The OASIS Institute and AARP to enhance digital literacy in addition to local organizations across the country to assemble and promote expert online safety information in a number of formats.

Launched at a time when people are posting about their summer activities and getting ready to go back to school, Digital You assists teach startners of all ages the basics of using a smartphone or tablet, keeping online information private and secure and activating accessibility features to support users with disabilities through training resources and tips sheets.

Digital You also brings you Digital Compass™, a free interactive game developed by Common Sense to assist teach 6th through 9th graders about the real-world impact of their online choices.

AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. The Wireless segment offers data and voice services, counting local, long-distance, and network access services, in addition to roaming services to youth, family, professionals, small businesses, government, and business customers.

Shares of The Bank of New York Mellon Corporation (NYSE:BK), declined -0.38% to $44.18, during its last trading session.

The Bank of New York Mellon Corporation will pay $14.8 million to settle U.S. civil charges it gave internships to family members of officials linked to a Middle Eastern sovereign wealth fund, violating federal bribery laws, according to Reuters.

The settlement by the U.S. Securities and Exchange Commission marked the first time regulators had charged a bank for violating the Foreign Corrupt Practices Act, which prohibits paying bribes to foreign officials.

It followed a 2011 industry wide sweep, undertaken as part of a broader foreign bribery probe, in which the SEC sought information about financial institutions’ business dealings with state-owned investment funds. Reuters Reports

The BNY Mellon case is also the first foreign bribery enforcement action in which internships, as opposed to cash, constituted the alleged bribe, SEC enforcement director Andrew Ceresney said. Reuters added

The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Administration and Investment Services.

Finally, Momo Inc. (NASDAQ:MOMO), ended its last trade with -0.87% loss, and closed at $15.98.

Momo declared its unaudited financial results for the second quarter 2015.

Second Quarter 2015 Highlights

  • Net revenues raised 264% year over year to $30.7 million.
  • Net income attributable to Momo Inc. was $1.7 million, contrast to a net loss of $7.0 million for the same period last year.
  • Non-GAAP net income attributable to Momo Inc. (note 1) was $6.0 million contrast to a non-GAAP net loss of $5.4 million for the same period last year.
  • Diluted net income per American Depositary Share (“ADS”) was $0.01, contrast to a diluted net loss per ADS of $1.16 for the same period last year.
  • Non-GAAP diluted net income per ADS (note 1) was $0.03, contrast to a non-GAAP diluted net loss per ADS of $1.11 for the same period last year.
  • Monthly Active Users (“MAU”)(1) were 78.4 million in June 2015, an enhance of 47% year over year.

Momo Inc. operates as a mobile-based social networking platform in the People’s Republic of China. The company’s platform comprises its Momo mobile application and various related features, functionalities, tools, and services that are offered to users, customers, and platform partners.

DISCLAIMER:

This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.

All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.

Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.




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