On Thursday, Shares of eBay Inc. (NASDAQ:EBAY), gained 3.39% to $65.59, hitting its highest level.
eBay Inc., sold its Enterprise business for $925 million and topped Wall Street expectations for its second-quarter earnings as the online retailer prepares to spin off PayPal, according to AP.
EBay had said in January that it might sell Enterprise, which develops online shopping sites for brick-and-mortar retailers. Clients comprise Sports Authority, PetSmart and Ikea. Earlier this month one of its biggest clients, Toys R Us, said that it would move its ecommerce business in house next year. AP Reports.
But that didn’t stop the sale to a group of private equity firms led by Permira and Sterling Partners, the company declared Thursday. AP added.
eBay Inc. operates as a technology company that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Enterprise.
Shares of Yahoo! Inc. (NASDAQ:YHOO), inclined 1.38% to $38.91, during its last trading session.
Yahoo, declared that the Yahoo Mobile Developer Conference is headed to the East Coast on August 26 at the Marriott Marquis in New York City. Following the inaugural, sold-out event in San Francisco this February, the conference will welcome hundreds of mobile developers and will feature speakers from across Yahoo - counting Flurry from Yahoo and Tumblr - and industry partners, in addition to breakout sessions and networking opportunities.
At the New York City Mobile Developer Conference, Yahoo will unveil updates to its Yahoo Mobile Developer Suite which will assist developers further enhance their apps. The day before the conference, Yahoo will host a mobile Hackathon. Developers will be invited to hack with Yahoo mobile tools and a winner will be declared at the conference the next day.
At the inaugural Mobile Developer Conference in San Francisco, Yahoo declared the Yahoo Mobile Developer Suite, which comprises several tools designed to assist mobile developers measure, advertise, monetize and improve their apps. Since then, Yahoo has continued to invest in developer initiatives through new products, tools, and by hosting monthly Yodel Meetups in San Francisco, and packed mobile developer meetups in Seattle, Toronto, London, Cannes, Taipei, Delhi and Bangalore.
Yahoo! Inc. provides search and display advertising services on Yahoo properties and associate sites worldwide. The company offers Yahoo Search that serves as a starting point to navigate the Internet and discover information; and Yahoo Answers, which enables users to seek, discover, and share knowledge and opinions across mobile phones, tablets, and desktops.
Finally, The Dow Chemical Company (NYSE:DOW), ended its last trade with 0.25% gain, and closed at $52.23.
Boulevard Acquisition Corp., declared the date for the special meeting of stockholders to approve Boulevard’s projected acquisition from The Dow Chemical Company (DOW) of AgroFresh, Dow’s post-harvest specialty chemical business.
AgroFresh is a global industry leader in providing innovative data-driven specialty chemical solutions aimed at enabling growers and packers of fresh produce to preserve and enhance the freshness, quality and value of fresh produce and to maximize the percentage of produce supplied to the market relative to the amount of produce grown. Its flagship product is the SmartFreshSM Quality System, a freshness protection technology proven to maintain firmness, texture and appearance of fruits during storage and transport. SmartFresh™ is presently commercialized in 45 countries worldwide.
As declared formerly, the acquisition will result in AgroFresh becoming a wholly owned partner of Boulevard Acquisition Corp. Boulevard will be renamed AgroFresh Solutions, Inc. upon completion of the transaction and its common stock and warrants will be traded on NASDAQ under the symbols AGFS and AGFSW.
The Dow Chemical Company manufactures and supplies products that are used primarily as raw materials in the manufacture of customer products and services worldwide. It operates through Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics segments.
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