During Friday’s current trade, Shares of Alibaba Group Holding Limited (NYSE:BABA), dipped 2.93%, and is now trading at $84.69.
Alibaba Group’s automobile business unit recently established collaborative relationships with BMW MINI and Jaguar Land Rover aimed at enhancing customers’ online car buying experience, while building a complete automobile value chain for China’s car industry.
Alibaba Group’s car business unit, Alibaba Automotive division, was launched earlier this month to incorporate the Company’s car-related businesses such as big data marketing, Tmall’s car vertical, Taobao’s second-hand car market and vehicle financing into an integrated car ecosystem and platform.
Under the Memorandum of Understanding (MoU) signed between MINI and Alibaba Group, Alibaba Group’s Tmall.com platform will become the main e-commerce platform for MINI online car sales in China. MINI will conduct pre-sale launches of new cars and roll out special edition models in China through its flagship Tmall store. MINI and Alibaba Automotive will collaborate in developing and testing customized online-to-offline services and work together on branding and online marketing initiatives.
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.
During morning trade, Shares of American Airlines Group Inc. (NASDAQ:AAL), gained 3.27%, and is now trading at $53.13.
American Airlines Group, stated its first quarter 2015 results.
Not taking into account net special charges, American Airlines Group’s first quarter 2015 net profit was a record $1.2 billion, or $1.73 per diluted share. This represents a tripling of the Company’s first quarter 2014 net profit not taking into account net special credits of $402 million, or $0.54 per diluted share. The Company’s first quarter 2015 pretax margin not taking into account net special charges was a record 12.7 percent, up 8.6 percentage points from the same period last year.
On a GAAP basis, the Company stated a record net profit of $932 million, or $1.30 per diluted share. This compares to a GAAP net profit of $480 million in the first quarter 2014, or $0.65 per diluted share.
“We are happy to report record first quarter profits, surpassing the preceding record set just last year,” said Doug Parker, American Airlines Group Chairman and CEO. “The credit belongs to our 100,000 team members who are working together to restore American to the greatest airline in the world. We are particularly happy with the integration achievements our team has realized and look forward to building on those successes through 2015 and beyond.”
American Airlines Group Inc., through its auxiliaries, operates in the airline industry. As of December 31, 2014, the company operated 983 mainline jets, in addition to 566 regional aircrafts through regional airline auxiliaries and third-party regional carriers. It serves 339 destinations in 54 countries.
Shares of Xerox Corporation (NYSE:XRX), during its Friday’s current trading session lost -12.10%, and is now trading at $11.55, hitting its lowest level.
Today, Xerox Corporation, declared first-quarter 2015 adjusted earnings per share of 21 cents. Adjusted EPS excludes 5 cents related to the amortization of intangibles, resulting in GAAP EPS from ongoing operations of 16 cents.
In the first quarter, total revenue of $4.5 billion was down 6 percent or 2 percent in constant currency. Revenue from the company’s Services business, which represented 56 percent of total revenue, was $2.5 billion, down 3 percent or up 1 percent in constant currency. Services margin was 7.5 percent, down 1.1 percentage points, primarily due to higher costs in our legacy Health Enterprise platform implementations.
Revenue from the company’s Document Technology business was $1.8 billion, down 10 percent or 6 percent in constant currency. Document Technology margin was 11.1 percent, down 1.1 percentage points due to raised pension expense, as predictable.
First-quarter operating margin of 7.6 percent was down 1.1 percentage points from the same quarter a year ago. Gross margin was 31.2 percent, and selling, administrative and general expenses were 20.5 percent of revenue.
Xerox generated $113 million in cash flow from operations during the first quarter, ending the quarter with a cash balance of $872 million. The company repurchased $216 million in stock in the quarter.
Xerox Corporation provides business process and document administration solutions worldwide. The company’s Services segment offers various business process outsourcing services, such as customer care, transaction processing, human resources, communication and marketing, and consulting and analytics services, in addition to finance, accounting, and procurement services.
Finally, Nielsen N.V. (NYSE:NLSN), lost -1.40% Friday.
Nielsen, declared that Valcon Acquisition Holding (Luxembourg) S.à r.l. intends to offer for sale in an underwritten secondary offering 20,000,000 shares of its common stock following the Company’s shelf registration statement filed with the Securities and Exchange Commission. In addition, the Selling Shareholder will grant the underwriter of the offering an option to purchase an additional 3,000,000 shares. The shares to be sold by the Selling Shareholder are attributable to associates of The Blackstone Group, The Carlyle Group and Kohlberg Kravis Roberts & Co. The last stated sale price of the Company’s common stock on April 23, 2015 was $46.31 per share.
Citigroup will act as underwriter for the offering.
Nielsen N.V. operates as an information and measurement company. The company provides media and marketing information, analytics, and manufacturer and retailer expertise about what and where consumers buy, read, watch and listen.
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