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…
Yahoo Inc., (NASDAQ:YHOO) for its part, said Friday that it, too, is “in the process of developing a solution for Yahoo users in Europe that we believe balances the important privacy and freedom-of-expression interests.” Yahoo! Inc. (NASDAQ:YHOO) stock performance was -0.72% in last session and finished the day at $34.65. Traded volume was 13.17million shares…
Oi SA (ADR) (NYSE:OIBR) could be a telecommunication service providing company in Brazil. It offers telecommunication services that embody fixed-line & mobile telecommunication services, informationtransmission services, ISP services & different services. Oi SA (ADR) (NYSE:OIBR) stock performance was 3.26% in last session and finished the day at $0.883. Traded volume was 11.71million shares in the…
NII Holdings Inc (NASDAQ:NIHD), the telcom company that operates in the Latin American region under Nextel branding , saw the company’s net losses grow in the Q1 despite significant growth in the 3G subscriber numbers. The company recorded a net-loss of $376M in Q1, in comparison to $208M in the Q1 of 2013, said the…
The Wall Street Journal reports that Yahoo! Inc. (NASDAQ:YHOO) is close to finalizing an acquisition of video-streaming startup RayV Inc.to boost its web video technology. The paper says that an acquisition would be one of several web-video deals negotiated by Yahoo CEO Marissa Mayer in recent months to turn Yahoo’s video site, Screen, into a…
Top hedge funds shed their stakes in high-profile Internet names such as Netflix Inc and Groupon Inc (NASDAQ:GRPN) in the first quarter, moving to peers viewed as more mature and less volatile. High-growth Internet software and biotech companies were the darlings of 2013, but their shares started to fall sharply in early March. Groupon Inc…
