During Thursday’s trade, Shares of Alibaba Group Holding Limited (NYSE:BABA), lost -1.08% to $84.07.
Chinese e-commerce giant Alibaba Group Holding Ltd. is unlikely to pursue U.S. Internet portal Yahoo Inc.’s flagging core business, according to a person familiar with Alibaba’s thinking.
Purchasing Yahoo’s core Internet business, should it be put up for sale, isn’t attractive given the difficulties successive managers have had in turning it around, the person said Thursday. Alibaba isn’t interested in Yahoo’s stake in Yahoo Japan Corp. either, the person said. In addition, Alibaba would only be interested in repurchasing Yahoo’s 15% stake in Alibaba if it came at a steep discount that raised earnings per share, the person said.
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; Alitrip, an online travel booking platform; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.
Shares of Enbridge Inc. (NYSE:ENB), declined -1.41% to $34.89, during its current trading session.
Enbridge declared that its Board of Directors has declared a quarterly dividend of $0.53 per common share, payable on March 1, 2016 to shareholders of record on February 16, 2016. The dividend reflects a 14 percent improvement from the prior quarterly rate, marking the twenty-first successive year of raised dividends for the Company.
“The core of our shareholder value proposition is our reliable business model, which continues to deliver strong and predictable results and dividend growth,” said Al Monaco, President and Chief Executive Officer. “The 14 percent dividend improvement reflects the confidence we have in our outlook, underpinned by the strength of our businesses, an industry leading growth program and our sound financial position. Over the last two years, we have raised our dividend by over 50 percent while maintaining strong available cash flow coverage.”
Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
Finally, The Travelers Companies, Inc. (NYSE:TRV), lost -1.19%, and is now trading at $113.35.
The Travelers Companies, Inc. (NYSE: TRV) recently declared that Michael Casella has joined the company as Senior Vice President, International Insurance. Casella will be responsible for furthering efforts to leverage the expertise from the company’s lines of business – personal, business, bond and specialty insurance – across its international footprint. He will also oversee sales and distribution outside the United States. Casella will report to Kevin Smith, President of International Insurance.
“We are happy to have Michael join the International team,” said Smith. “He is a proven leader who has driven results in both U.S. and global organizations. His experience and insights will be valuable as we continue to leverage our enterprise-wide competitive advantages across our international operations.”
The Travelers Companies, Inc., through its auxiliaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the Unites states and internationally. It operates in three segments: Business and International Insurance; Bond & Specialty Insurance; and Personal Insurance.
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