On Wednesday, Shares of Yahoo! Inc. (NASDAQ:YHOO), lost -4.27% to $34.49, hitting its lowest level, as China’s Alibaba Group Holding Ltd., in which the Internet company holds a big stake, disappointed in its recent quarterly results.
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.
Shares of Nabors Industries Ltd. (NYSE:NBR), inclined 3.57% to $12.20, during its last trading session, as Oil prices have edged up from six-year lows as US oil supplies declined and the dollar retreated.
US benchmark West Texas Intermediate for September delivery rose 22 cents to $US43.30 a barrel on the New York Mercantile Exchange on Wednesday. The US contract on Tuesday closed at the lowest level since March 2009.
European benchmark Brent oil for September delivery gained 48 cents to $US49.66 a barrel in London.
Nabors Industries Ltd., together with its auxiliaries, provides drilling and rig services. The company offers rig instrumentation, optimization software, and directional drilling services.
Finally, Emerson Electric Co. (NYSE:EMR), ended its last trade with 1.28% gain, and closed at $49.08, hitting its lowest level.
The board of directors of Emerson Electric declared the regular quarterly cash dividend of forty-seven cents ($0.47) per share of common stock payable September 10, 2015, to stockholders of record August 14, 2015.
Emerson Electric Co. provides technology and engineering solutions to industrial, commercial, and consumer markets worldwide. It operates through five segments: Process Administration, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.
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