On Monday, Shares of Alibaba Group Holding Limited (NYSE:BABA), gained 1.94% to $81.86.
Alibaba Group Holding Limited, declared it has invested in Mei.com, China’s leading flash sales platform for luxury and fashion products. This cooperation will enhance Mei.com’s supply chain services of the sales of limited time discounted quality products from well-known international luxury and fashion brands to consumers in China.
The investment will enable Alibaba Group to integrate resources from its B2C platform Tmall.com, China’s largest third-party platform for brands and retailers, to form a specialized services team to support Mei.com’s development and assist them in growing their user base, brand cooperation base, logistic services and IT infrastructure services. Mei.com’s close cooperation with a wide selection of luxury brands will complement Tmall.com’s existing selection of affordable luxury goods for Chinese consumers.
Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online wholesale marketplace.
Shares of CBS Corporation (NYSE:CBS), inclined 1.26% to $55.54, during its last trading session.
CBS Corporation, and Sinclair Broadcast Group, Inc. (SBGI) have declared a comprehensive deal that renews station affiliation agreements for 16 markets nationwide. The markets renewed cover six percent of the U.S. and serve about seven million households.
The agreement comprises renewals for 15 Sinclair-owned CBS associates: WRGB in Albany-Schenectady, N.Y.; KBAK-TV in Bakersfield, Calif.; KFDM in Beaumont, Texas; KBOI in Boise, Idaho; WKRC in Cincinnati, Ohio; KRCG in Columbia-Jefferson City, Mo.; KDBC in El Paso, Texas; KVAL in Eugene, Ore.*; WWMT in Grand Rapids-Kalamazoo, Mich.; WHP in Harrisburg, Pa.; KTVL in Medford, Ore.; KTVO in Ottumwa, Iowa-Kirksville, Mo.; KHQA in Quincy, Ill.-Hannibal, Mo.; WPEC in West Palm Beach, Fla.; and KIMA-TV** in Yakima, Wash. CBS has also renewed its affiliation with KMEG in Sioux City, Iowa, a station to which Sinclair provides sales and other services.
CBS Corporation operates as a mass media company worldwide. It operates through four segments: Entertainment, Cable Networks, Publishing, and Local Broadcasting. The Entertainment segment distributes a plan of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and distributes programming, counting series, specials, news, and public affairs; operates online content networks for information and entertainment; and produces, acquires, and distributes theatrical motion pictures.
Finally, Talen Energy Corporation (NYSE:TLN), ended its last trade with 1.85% gain, and closed at $17.58.
Talen Energy Corporation, plans to declare second quarter 2015 financial results before the stock market opens on Tuesday, Aug. 11.
President and Chief Executive Officer Paul Farr and other members of the executive team will talk about quarterly results and the company’s general business outlook during a conference call and webcast that will start at 8:30 a.m. Eastern time.
Talen Energy Corporation operates as an independent power producer in the United States. It has a portfolio of carbon-free nuclear power, natural gas generation, and coal-fired generation assets. The company owns about 15,000 megawatts of generating capacity, primarily located in the Mid-Atlantic and Texas regions.
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