Google Applied for Online Maps License in China: Report
Publish Date : 6/14/2011 5:30:00 AM
A Google Inc. (Nasdaq: GOOG) joint venture in China has applied for a regulatory license to operate an online map service in the country, an official at China’s State Bureau of Surveying and Mapping said Tuesday, China Business News reported Tuesday.
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Google Struck Deal to Acquire Admeld
Publish Date : 6/14/2011 4:18:00 AM
Google Inc. (Nasdaq: GOOG) has agreed to acquire online advertising company Admeld, a service that helps websites make more money from online advertising. It is the latest deal in Google’s buying spree of technology and talent to bolster initiatives outside its Internet search business, from social networking to mobile advertising.
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Cablevision Systems Maintain Buy Rating at DB
Publish Date : 6/13/2011 3:00:00 PM
Analysts at Deutsche Bank maintained Buy rating on the shares of Cablevision Systems Corp. (NYSE: CVC) as they believe that the latter maintains a unique position in cable market with dominant market shares, and its return of capital has ramped nicely. They raised the stock’s price target by $3 to $44 from their previous $41.
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Financial Sector Trades Mostly Higher; Regions Stock Fell
Publish Date : 6/13/2011 12:01:00 PM
The stocks in the financial sector remained mostly higher despite the Wall Street Journal’s report saying that the bank’s audit committee of is looking into whether some of the Birmingham, Alabama, banking firm’s top managers delayed disclosing to the public certain potentially bad loans.
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Timberland & VF Corp. Lead Retail Sector Higher
Publish Date : 6/13/2011 11:57:00 AM
Retail sector rose Monday as investors were cheered by the news that VF Corp. (NYSE: VFC), maker of Wrangler Jeans, has agreed to acquire Timberland for $2 billion. Shares of Timberland Co. surged 42.55 percent to $42.75 and VF Corp. shares gained 10.36 percent to $101.31 after the news, taking the retail sector higher outpacing the market.
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Airlines Shares Rise as Oil declines
Publish Date : 6/13/2011 11:06:00 AM
Airlines stocks rose Monday, surpassing the wider market as the price of oil declined after Saudi Arabia said that it will boost its crude oil output.
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VF Corp. to Acquire Timberland for $2 Billion
Publish Date : 6/13/2011 10:32:00 AM
VF Corporation (NYSE: VFC), owner of clothing brands like The North Face and Wrangler, has agreed to acquire shoemaker Timberland Co. (NYSE: TBL) in a definitive merger agreement.
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