On Monday, Shares of Yahoo! Inc. (NASDAQ:YHOO), lost -3.53% to $30.32, after the company declared the departure of Chief Marketing Officer Kathy Savitt on Friday.
Savitt’s departure comes a week after the company declared that Chief Accounting Officer Aman Kothari is also leaving.
Adding to negative pressure on Yahoo’s shares recently is a report from Barron’s saying that Alibaba (BABA) could fall as much as 50% due to the struggling Chinese economy.
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 JD.com, Inc. (NASDAQ:JD), declined -0.21% to $24.21, during its last trading session, as some China-based U.S. traded stocks decline following the release of two economic reports out of China.
On Sunday, China released data showing the country is still facing challenges in reaching its full year growth projection of 7%, The Wall Street Journal reports.
Industrial production in China grew by 6.1% in August, contrast to the same month last year. This figure was below the 6.6% rise economists surveyed by The Journal were expecting.
Fixed asset investment in non-rural areas grew by 10.9% year over year but fell short of the 11.2% growth that had been forecast.
The data also highlighted continued weakness across large portions of the world’s second largest economy, further pressuring the government to find a way to stimulate the economy, The Journal added.
JD.com, Inc., through its auxiliaries, operates as an online direct sales company in the People’s Republic of China. It primarily offers electronics and home appliances products; and general merchandise products, counting audio and video products, and books.
Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT), declined -0.47% to $25.47, during its last trading session.
Hilton Worldwide Holdings declared parental leave policies that will be the best offered by any major global hospitality company in the United States and Puerto Rico.
The benefits will be available to Team Members at owned and managed hotels and corporate offices with one year of service or greater. Starting on January 1, 2016, the benefits will comprise:
- All new parents – counting fathers and adoptive parents – will receive two weeks of fully paid parental leave.
- New mothers who give birth will receive an additional eight weeks of maternity leave, for a total of 10 weeks of fully paid leave.
Hilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels, resorts, and timeshare properties worldwide. The company operates hotels under 12 brand names, counting Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio-A Collection by Hilton, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.
Finally, Baidu, Inc. (NASDAQ:BIDU), ended its last trade with -1.92% loss, and closed at $141.27, as some U.S traded China-based stocks tumble recently following data concerning the country’s struggling economy, which was released on Sunday.
China released data showing the country is still facing challenges in reaching its 7% full year growth projection, The Wall Street Journal reports.
Industrial production in China grew by 6.1% in August, contrast to the same month last year. This figure was below the 6.6% rise economists surveyed by the Journal were expecting.
Fixed asset investment in non-rural areas grew by 10.9% year over year but fell short of the 11.2% growth that had been forecast.
The data also highlighted continued weakness across large portions of the world’s second largest economy, further pressuring the government to find a stimulus, the Journal added.
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.
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