Fidelity Investments Contrafund, the largest mutual fund investor in Yahoo! Inc. (NASDAQ:YHOO), cut its stake in the Internet media company by 41 percent during the first four months of 2014, according to the fund’s latest disclosure. Yahoo! Inc. (NASDAQ:YHOO) stock performance was 0.63% in last session and finished the day at $34.87. Traded volume was…
Juniper Networks, Inc. (NYSE:JNPR) announced that it has entered into a settlement agreement with Palo Alto Networks, resolving patent litigation between the two companies. Under the terms of the settlement, Palo Alto Networks will make a one-time payment to the company of USD 75 million in cash and USD 100 million in shares of common…
Perfect World Co., Ltd. (ADR)(NASDAQ:PWRD) March call option implied volatility is at 72, April is at 58, September is at 54; compared to its 26-week average of 52 according to Track Data, suggesting large price movement into the expected release of Q4 results after the market close on March 10. Perfect World(ADR)(NASDAQ:PWRD)’s stock on March 6, 2014…
Las Vegas is facing snow on New Year’s, but MGM Resorts International (NYSE:MGM) is already thinking about the pool season. The casino operator will hold a seasonal job fair next week to hire more than 700 summer positions at the company’s 12 Strip resorts. Seasonal employees will support the properties’ swimming pools and related hotel…
