On Friday, Yelp Inc (NYSE:YELP)’s shares inclined 7.28% to $22.39.
Yelp Inc. (YELP), the company that connects consumers with great local businesses, recently declared the election of current board member, Diane Irvine, to the position of non-executive board chairperson, effective right away. Irvine takes over from Max Levchin, who recently stepped down from Yelp’s and other boards to dedicate more time to the company he founded and leads.
Diane is also a board member of XO Group Inc., a consumer internet and media company, and of Rightside Group, Ltd., a leading provider of domain name services. She formerly served as an executive of Blue Nile, Inc., the leading online retailer of diamonds and fine jewelry, from 1999-2011, having joined Blue Nile as chief financial officer and later serving as chief executive officer, president and a director on the board. Diane has also served as chief financial officer of Plum Creek Timber Company, a timberland administration and wood products company, and was a tax partner at international accounting firm, Coopers & Lybrand LLP.
Yelp Inc. operates a platform that connects people with local businesses in the United States. Its platform covers various local business categories, counting restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others categories.
Fidelity National Financial Inc (NYSE:FNF)’s shares gained 1.32% to $36.46.
FNFV Group (FNFV), a tracking stock distributed by Fidelity National Financial, Inc., will release 3rd quarter 2015 earnings after the close of regular market trading on Tuesday, October 27, 2015. A conference call will follow at 10:00 a.m. Eastern Time on Wednesday, October 28, 2015. Those wishing to take part via the webcast should access the call through FNF’s Investor Relations website at www.fnf.com. Those wishing to take part via the telephone may dial-in at 800-230-1085 (USA) or 612-288-0329 (International). The conference call replay will be accessible via webcast through FNF’s Investor Relations website at www.fnf.com. The telephone replay will be accessible from 12:00 p.m. Eastern Time on October 28, 2015, through November 4, 2015, by dialing 800-475-6701 (USA) or 320-365-3844 (International). The access code will be 370126.
Fidelity National Financial, Inc., together with its auxiliaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States.
At the end of Friday’s trade, Sony Corp (ADR) (NYSE:SNE)‘s shares surged 4.21% to $25.76.
InterDigital, Inc. (IDCC) declared it is expanding the research scope of its Convida Wireless joint venture with Sony Corporation of America (SNE) to comprise 5G technologies. The company also declared that this agreement comprises a patent license from InterDigital.
Convida Wireless was launched in 2013 as a joint venture to combine Sony’s consumer electronics expertise with InterDigital’s pioneering Internet of Things (IoT) expertise to drive new research in IoT communications and other connectivity areas. With this agreement, Convida Wireless’ focus will also extend to key 5G technologies. Joining Sony and InterDigital as partners in Convida Wireless is Stephens Capital Partners LLC, the principal investing associate of Stephens Inc., a full service investment banking firm headquartered in Little Rock, Arkansas.
Sony Corporation designs, develops, manufactures, and sells electronic equipment, instruments, and devices for consumer, professional, and industrial markets worldwide. It offers LCD televisions; Blu-ray disc players and recorders, home audio, headphones, and memory-based portable audio devices; compact digital, interchangeable single-lens, and video cameras; professional solutions, such as broadcast- and professional-use products; and personal computers.
ACE Limited (NYSE:ACE), ended its Friday’s trading session with 0.42% gain, and closed at $102.72.
ACE Group declared the launch of Private Equity and Venture Capital Liability Insurance in Hong Kong and Singapore. The product offers market-leading coverage to address the evolving regulatory and volatile economic environments in addition to increasingly complex deal structures.
Private Equity/Venture Capital companies face unprecedented exposures as they operate in increasingly demanding environments. The life cycles of Private Equity/Venture Capital companies can stretch from a firm at the early stage of raising funds to the later stage of an IPO exit or trade sale. The potential for dispute is broad given the diverse nature of the activities that can be involved in an investment in addition to the complex interests of different stakeholders.
ACE understands the diverse risks and has developed the Private Equity and Venture Capital Liability Insurance to offer insureds market-leading protection should they face scrutiny from investors, regulators or portfolio companies. It provides broad cover for risks counting allegations of misadministration, breach of fudiciary duty and confidentiality, statutory liabilities, errors and omissions in investment.
ACE Limited, through its auxiliaries, provides a range of property and casualty insurance and reinsurance products worldwide. The company’s Insurance North American P&C segment offers casualty insurance, environmental, inland marine, professional risk, disaster protection, vacant land and building, and claims and risk administration services; homeowners, automobile, valuables, umbrella liability, and recreational marine insurance; and wholesale excess and surplus lines property, casualty, environmental, professional liability, inland marine, and product recall coverages.
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