On Wednesday, Shares of SouFun Holdings Ltd. (NYSE:SFUN), gained 2.92% to $8.82, as technology stocks rebounded Wednesday, with shares of technology companies in the S&P 500 advancing nearly 1.7%.
During Wednesday’s trade, 15,550,500 shares exchanged hands as compared to its average daily volume of 10,735,500. The company holds the market capitalization of $3.65B.
SouFun Holdings Limited operates a real estate Internet portal, and home furnishing and improvement Websites in the People’s Republic of China. The company offers marketing services on its Websites, primarily through advertisements to real estate developers in the marketing phase of new property developments, in addition to to real estate agencies; and suppliers of home furnishing and improvement, and other home-related products and services.
Shares of Morgan Stanley (NYSE:MS), inclined 1.94% to $39.89, during its last trading session, hitting its highest level.
John J. Mack, the former chief executive officer of Morgan Stanley, became a senior adviser to Star Mountain Capital, which invests in small and mid-size businesses in the U.S, according to Bloomberg.
Mack, 70, also is a planned investor in Star Mountain, the New York-based company said Wednesday in an e-mailed statement. Star Mountain invests in private-equity and credit funds focused on small businesses and makes direct investments of as much as $25 million. Bloomberg Reports.
Since stepping down as chairman of Morgan Stanley at the end of 2011, Mack has served as an adviser to asset managers such as KKR & Co. and BKM Capital Partners. He steered the investment bank through the financial crisis, when it survived a near collapse with the assist of a government bailout. Bloomberg added.
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. The company’s Institutional Securities segment offers financial advisory services on mergers and acquisitions, divestitures, joint ventures, corporate restructurings, recapitalizations, spin-offs, exchange offers, leveraged buyouts, takeover defenses, and shareholder relations, in addition to provides capital raising and corporate lending services.
Finally, Hewlett-Packard Company (NYSE:HPQ), ended its last trade with 1.01% gain, and closed at $32.91.
Hewlett-Packard Company, said Tom Joyce, a senior vice president with responsibility for acquisitions and divestitures, has left the technology company, according to Bloomberg.
Joyce has been a key part of the company’s re-jiggered networking strategy, which saw it acquire Aruba Networks Inc. for $2.7 billion and sell 51 percent of its networking and server operations in the country to an arm of China’s Tsinghua University. He also worked on acquisitions of startups counting Contextream and Voltage Security and assisted with the divestiture of Snapfish, according to Joyce’s LinkedIn profile. Bloomberg Reports.
His exit comes at a critical time for Palo Alto, California-based Hewlett-Packard, which is preparing to split into two publicly traded entities by the starting of November. Bloomberg added.
Hewlett-Packard Company, together with its auxiliaries, provides products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), in addition to the government, health, and education sectors worldwide.
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