On Thursday, in the course of current trade, Shares of Yahoo! Inc. (NASDAQ:YHOO), dropped -0.69%, and is now trading at $43.08.
Yahoo, lost a bid to block a lawsuit alleging wiretapping violations in its scanning of e-mail from going ahead as a group case on behalf of millions of Internet users, according to Bloomberg.
U.S. District Judge Lucy H. Koh in San Jose, California, granted class-action status to non-subscribers of Yahoo’s e-mail service who claim the company mines data from their messaging for advertising purposes. Three-quarters of Yahoo’s 2013 revenue came from advertising, according to the suit, which seeks to block the interceptions and not monetary damages. Bloomberg Reports.
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.
During an Afternoon trade, Shares of General Electric Company (NYSE:GE), dipped -0.53%, and is now trading at $27.38.
General Electric Company, renewable energy business recently declared it will supply Convergent Energy + Power with a 7 megawatt (MW)-7 megawatt hour battery energy storage system for the Ontario Independent Electricity System Operator (IESO). The complete solution features GE’s Mark VI plant control system with SCADA, Brilliance MW Inverters, packaged lithium ion battery modules, medium-voltage transformers and switchgear integration.
The new system is predictable to assist the IESO balance longer duration voltage and frequency irregularities in the area. While it was engineered primarily to provide ancillary power services, counting voltage control, reactive power support, frequency regulation and ramp rate control, the control system also offers energy related services such as peak shaving and load shifting, depending on the IESO’s needs.
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment.
Shares of Vipshop Holdings Limited (NYSE:VIPS), during its Thursday’s current trading session fell -2.94%, and is now trading at $25.76.
Analysts at Stifel Nicolaus initiated coverage of the company Vipshop Holdings. The firm set a “buy” rating with a price target of $32.
“Vipshop is China’s leading online discount retailer of brands through its website www.vip.com. The company offers new but excess apparel inventory from mid-level and premium brands at discounted prices in a flash sale format to Chinese consumers,” analysts said.
Vipshop Holdings Limited, through its auxiliaries, operates as an online discount retailer for various brands in the People’s Republic of China. It offers a range of branded products, counting women’s apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men’s apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories comprising of belts, jewelry, watches, and glasses for women and men.
Finally, Transocean Ltd. (NYSE:RIG), lost -2.46% Thursday.
Transocean, declared that, as mutually agreed with the company, Esa Ikaheimonen is stepping down as Executive Vice President and Chief Financial Officer effective right away. Mr. Ikaheimonen has also resigned his company-designated position as the Chairman of the Board of Directors of Transocean Partners LLC, a partner of Transocean. Additionally, the company declared that Mr. Mark Mey has been designated as Executive Vice President and Chief Financial Officer effective May 28, 2015.
Mr. Mey most served as Executive Vice President and Chief Financial Officer of Atwood Oceanics. Counting his almost five years at Atwood, he has over 28 years of experience in the energy and financial services industries in both the United States and South Africa. Preceding to Atwood, Mr. Mey was Senior Vice President and Chief Financial Officer and a Director of Scorpion Offshore Ltd. He also held positions of increasing responsibility during his 12 years with offshore driller Noble Corporation, counting Vice President and Treasurer. Mr. Mey earned an Advanced Diploma in Accounting and a Bachelor of Commerce degree from the University of Port Elizabeth, South Africa. He is a Chartered Accountant and attended the Harvard Business School Executive Advanced Administration Program.
Transocean Ltd., together with its auxiliaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services. As of February 17, 2015, it owned or had partial ownership interests in, and operated 71 mobile offshore drilling units that comprise of 44 high-specification floaters, 17 midwater floaters, and 10 high-specification jackups.
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