On Tuesday, Shares of Baidu, Inc. (NASDAQ:BIDU), lost -15% to $168.03, hitting its lowest level.
Baidu launched the latest addition to its popular family of Android apps, DU Privacy Vault.
DU Privacy Vault is Baidu’s first mobile app focused exclusively on protecting people’s privacy. Completely free to download, DU Privacy Vault enables users to easily and safely secure all the apps, photos and videos on their phone.
Phone privacy is an increasingly relevant issue. In a 2015 study, the Pew Internet Research Center stated that more than half of all U.S. smartphone owners use their phone for online banking and to look up medical information. A separate survey conducted by MobilePhoneChecker in the UK found that 34 percent of women and 62 percent of men have checked their noteworthyother’s phone at least once. Phone snooping at the workplace and among friends has also become worryingly commonplace.
Baidu, Inc. provides Internet search services in China and internationally. It offers Chinese language search platform on its Baidu.com Website that enables users to find relevant information online, counting Web pages, news, images, documents, and multimedia files through links offered on its Website; and international products and services to users in other countries.
Shares of Ally Financial Inc. (NYSE:ALLY), inclined 4.27% to $22.47, during its last trading session.
Ally Financial stated net income of $182 million, which comprised of a $155 million pre-tax charge for the extinguishment of legacy, high-cost debt. This compares to net income of $576 million in the preceding quarter and $323 million for the second quarter of 2014. A generally accepted accounting principles (GAAP) loss of $2.22 per common share in the second quarter of 2015 was primarily driven by the redemption of $1.3 billion of Series G preferred securities during the quarter.
The company stated core pre-tax income of $435 million, not taking into account repositioning items, in the second quarter of 2015, contrast to $490 million in the preceding quarter and $417 million in the comparable preceding year period. Adjusted earnings per diluted common share for the quarter were $0.46, contrast to $0.52 in the previous quarter and $0.42 in the preceding year period.
Ally Financial Inc. provides financial products and services primarily to automotive dealers and their customers in the United States. It offers dealer financial services, counting a range of financial services and insurance products to automotive dealers and retail customers.
Finally, Perfect World Co., Ltd. (NASDAQ:PWRD), ended its last trade with 1.77% gain, and closed at $20.17.
Perfect World declared the completion of merger contemplated by the formerly declared agreement and plan of merger dated April 26, 2015 (the “Merger Agreement”), among the Company, Perfect Peony Holding Company Limited (“Parent”) and Perfect World Merger Company Limited. As a result of the merger, the Company became a wholly owned partner of Parent.
Under the terms of the Merger Agreement, which was approved by the Company’s shareholders at an extraordinary general meeting held on July 28, 2015, each of the Company’s ordinary shares issued and outstanding right away preceding to the effective time of the merger (the “Shares”) was cancelled and ceased to exist in exchange for the right to receive US$4.04 in cash without interest and net of any applicable withholding taxes, and each American depositary share of the Company (the “ADS”), representing five class B ordinary shares of the Company, was cancelled in exchange for the right to receive US$20.20 in cash without interest and net of any applicable withholding taxes, except for (a) the Shares held by Perfect Human Holding Company Limited, a British Virgin Islands company controlled by Mr. Michael Yufeng Chi and the Shares held by Parent, the Company or any of their auxiliaries (counting such Shares represented by ADSs) right away preceding to the effective time of the merger, which were cancelled and ceased to exist without payment of any consideration or distribution therefor, and (b) the Shares held by shareholders who had validly exercised and not effectively withdrawn or lost their rights to dissent from the Merger in accordance with Section 238 of the Companies Law of the Cayman Islands (the ”Dissenting Shares”), which were cancelled and ceased to exist in exchange for the right to receive payment of the fair value of such Shares as determined in accordance with the provisions of Section 238 of the Companies Law of the Cayman Islands.
Perfect World Co., Ltd., through its auxiliaries, engages in the research, development, operation, and licensing of online games in the People’s Republic of China, the United States, Europe, Japan, Southeast Asia, and South Korea. The company develops online games based on its proprietary game engines and development platforms.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
