Alibaba Group (NYSE:BABA) announced that Taobao (China) Software Co., Ltd., a subsidiary of Alibaba Group, has agreed to invest RMB2.81 billion in Beijing Shiji Information Technology Co. Ltd (Shiji Information) (Shenzhen Stock Exchange stock code: 002153), a China-based hotel information technology provider, in return for a 15% stake. After completion of the transaction, Alibaba Group will have one board seat on the board of directors of Shiji Information. The investment is subject to customary closing conditions. As part of the strategic investment, Alibaba Group and Shiji Information will work together to connect the systems of Taobao Travel vertical with Shiji Information’s systems, with the aim to continue to strengthen Alibaba Group’s service capability in the online travel market. Alibaba Group Holding Ltd (NYSE:BABA) belongs to Services sector. Its net profit margin is 56.00% and weekly performance is 1.93%. On last trading day company shares ended up $88.85. Alibaba Group Holding Ltd (NYSE:BABA) distance from 50-day simple moving average (SMA50) is -1.22%.
Hewlett-Packard Company (NYSE:HPQ) has unveiled low-cost Windows 8.1-based Stream notebooks and two Windows 8.1 Stream tablets. If bright blue and purple notebooks make you happy at work, then HP’s two new Windows 8 Stream notebooks could be your next device, thanks to a price tag that undercuts HP’s new Chromebook lineup and a rather sizeable chunk of cloud storage. Hewlett-Packard Company (NYSE:HPQ) shares increased 1.43% in last trading session and ended the day at $35.47. HPQ Gross Margin is 23.50% and its return on assets is 4.90%. Hewlett-Packard Company (NYSE:HPQ) quarterly performance is 4.23%.
TD Ameritrade Holding Corporation (NYSE:AMTD) subsidiary TD Ameritrade, Inc. has entered into a strategic partnership with Equity Administration Solutions, Inc. (‘EASi’). This latest move by the Omaha, NE-based online brokerage firm comes in line with its strategy to cater innovative solutions to corporate customers and their employees. TD Ameritrade Holding Corporation (NYSE:AMTD) ended the last trading day at $33.37. Company weekly volatility is calculated as 1.08% and price to cash ratio as 14.50. TD Ameritrade Holding Corporation (NYSE:AMTD) showed a weekly performance of -0.54%.
Biopharmaceutical company Bristol-Myers Squibb Company (NYSE:BMY) said Tuesday it will settle $1.4 billion in pension obligations through the purchase of a group annuity contract from Prudential Insurance Co of America (PRU) for about 8,000 U.S. retirees and their beneficiaries who started receiving their monthly retirement benefit payments on or before June 1, 2014. Bristol-Myers Squibb Company (NYSE:BMY) belongs to Healthcare sector. Its net profit margin is 16.60% and weekly performance is -0.21%. On last trading day company shares ended up $51.18. Bristol-Myers Squibb Company (NYSE:BMY) distance from 50-day simple moving average (SMA50) is 1.72%.
The number of deaths linked to a faulty ignition switch in General Motors Company (NYSE:GM) cars rose by two last week to 23, according to a report Monday from the lawyer overseeing a program set up to compensate accident victims. General Motors Company (NYSE:GM) shares fell -0.87% in last trading session and ended the day at $31.94. GM Gross Margin is 9.40% and its return on assets is 2.80%. General Motors Company (NYSE:GM) quarterly performance is -14.28%.