On Tuesday, Shares of Alibaba Group Holding Limited (NYSE:BABA), gained 1.13% to $78.87.
Alibaba Group Holding declared a contract with Kobe Inc., a newly formed company by the renowned basketball superstar Kobe Bryant. The Alibaba Group will release Kobe’s recent video narrative, Kobe Bryant’s Muse, exclusively through Tmall Magic Box on August 8, 2015. In addition, Alibaba Pictures, an associate of Alibaba Group, will work with Kobe Inc. to create a series of Kobe branded products and distribute them through Alibaba Group’s popular retail platforms counting Taobao Marketplace and Tmall.com, which are accessed by over 350 million active buyers throughout China. This is the latest of international retailers partnering exclusively with Alibaba Group to access Chinese consumers with their content, goods and services.
The video narrative, Kobe Bryant’s Muse, was produced in its entirety by Kobe himself, where he shares his philosophies of life and reviews the ups and downs of his life on the court. The narrative will be accessible for viewing at Tmall Magic Box for 8 RMB.
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 American International Group, Inc. (NYSE:AIG), declined -2.82% to $62.34, during its last trading session.
American International Group stated net income attributable to AIG of $1.8 billion, or $1.32 per diluted share, for the quarter ended June 30, 2015, contrast to $3.1 billion, or $2.10 per diluted share, for the second quarter of 2014. Contrast to the preceding-year quarter, second quarter 2015 net income attributable to AIG declined primarily due to higher loss on extinguishment of debt from ongoing liability administration activities, lower capital gains from sales of investments, and a net gain on the sale of divested businesses related to the sale of International Lease Finance Corporation in the second quarter of 2014.
After-tax operating income was $1.9 billion, or $1.39 per diluted share, for the second quarter of 2015, contrast to $1.8 billion, or $1.23 per diluted share, in the preceding-year quarter. Contrast to the preceding-year quarter, operating results in the second quarter of 2015 reflected higher pre-tax operating earnings of AerCap Holdings N.V. (AerCap) and the fair value of PICC Property & Casualty Company Limited (PICC P&C) and People’s Insurance Company (Group) of China Limited (PICC Group) investments, partially offset by a decrease in income from insurance operations.
American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the United States, the Asia Pacific, and internationally.
Finally, Avis Budget Group, Inc. (NASDAQ:CAR), ended its last trade with 3.99% gain, and closed at $45.08.
Avis Budget Group stated results for its second quarter ended June 30, 2015. For the quarter, the Company stated revenue of $2.2 billion, and Adjusted EBITDA raised 7% to $227 million. The Company stated net income of $90 million, or $0.84 per share, an enhance of 24%, not taking into account certain items. The Company stated GAAP net income of $143 million, or $1.34 per share, counting the recognition of a noteworthy income tax benefit.
Avis Budget Group also declared that its Board of Directors has raised the Company’s share repurchase authorization by $250 million, which gives the Company $420 million of accessible repurchase authorization from July 1 going forward.
Avis Budget Group, Inc., together with its auxiliaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. The company has three segments: North America, International, and Truck Rental.
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