On Thursday, Shares of Apple Inc. (NASDAQ:AAPL), gained 1.02% to $131.39.
Apple almost certainly made a sound decision by giving up on the idea of developing a television set. There’s not much it could have contributed that South Korean market leaders haven’t already thought of. Nonetheless, Apple could still change the way the way we watch television and movies if it decided to create a smart projector. There is a market for these devices that Apple, with its gift for making user-friendly gadgets, could take by storm, according to Bloomberg.
In September 2014, Apple chief executive Tim Cook said he was interested in TV because it was “stuck back in the ’70s”:
“Think about how much your life has changed and all the things around you that have changed. And yet, TV — when you go in your living room to watch the TV or wherever it might be, it almost feels like you’re rewinding the clock and you’ve entered a time capsule, and you’re going backwards. The interface is terrible.” Bloomberg Reports.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, watches, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
Shares of PGA Holdings Inc. (NYSE:PGND), inclined 10% to $27.50, during its last trading session.
PGA Holdings, declared the pricing of its initial public offering of 8,900,000 shares of common stock at a public offering price of $25.00 per share, before underwriting discounts. All of the common stock is being offered by Press Ganey. In addition, Press Ganey has granted the underwriters a 30-day option to purchase up to an additional 1,335,000 shares of common stock from the company at the public offering price.
Barclays Capital Inc. and Goldman, Sachs & Co. are acting as lead book-running managers for the offering. William Blair & Company, L.L.C. and Wells Fargo Securities, LLC are acting as additional book-runners. Raymond James & Associates, Inc., Robert W. Baird & Co., BMO Capital Markets Corp. and Avondale Partners, LLC are acting as co-managers.
At the end of Thursday’s trade, Shares of Baidu, Inc. (NASDAQ:BIDU), gained 2.36% to $200.13.
Taboola, declared a multi-million dollar planned investment partnership with Baidu Inc. (BIDU), the leading Chinese language Internet search provider. The partnership brings together two cutting-edge technology companies that are re-defining the “search” and “discovery” categories across the world`s biggest markets. Together, Taboola and Baidu plan to bring discovery to the Chinese market, where mobile is the number one way people go online.
The investment from Baidu is a follow-on to the $117 million Series E round of financing declared by Taboola this past February, and represents another noteworthy vote of confidence in Taboola and the future of content discovery. Baidu ranks as the top website in China, and fourth most popular in the world (according to global traffic ranking firm Alexa), receiving tens of billions of search queries every day, about 75 percent of China`s combined PC and mobile search market share.
Taboola has practiced massive growth since its inception in 2007, rising from less than $10 million annual revenue in 2012 to over $200 million in 2014. The Series E round in February was led by Fidelity Administration and Research Company, and comprised of existing investors Marker LLC and Steadfast Capital, in addition to new planned investors Advance Publications (parent of Condé Nast and Advance Digital), Comcast Ventures, Mr. Carlo De Benedetti (chairman of the Gruppo Editoriale L`Espresso), Groupe Arnault (the controlling shareholder of LVMH), Yahoo! JAPAN, and others.
Baidu, Inc. provides Internet search services in China and internationally. It offers Chinese language search platform on its Baidu.com Website that enables users to find relevant information online, counting Web pages, news, images, documents, and multimedia files through links offered on its Website; and international products and services to users in other countries.
Finally, Apache Corp. (NYSE:APA), ended its last trade with 0.91% gain, and closed at $62.17.
Apache Corporation, has declared regular cash dividends on the company’s common shares.
The dividend on common shares of 25 cents per share is payable on August 21, 2015, to stockholders of record on July 22, 2015.
Apache Corporation, an independent energy company, explores, develops, and produces natural gas, crude oil, and natural gas liquids. It operates onshore and offshore assets primarily in the Permian Basin, the Anadarko basin in western Oklahoma, and the Texas Panhandle, Gulf Coast areas of the United States, in addition to in Western Canada.
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