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$26M for Fashion E-Commerce Company Trendyol.com
Wednesday, August 10, 2011 - 8:19am | 553Trendyol.com is getting a financial boost today with investments from Kleiner Perkins Caufield & Byers and Tiger Global. Based in Turkey, Trendyol is riding the nation's recent tech boom. With an estimated 35 million Internet users (45% of the population), Trendyol.com is in an interesting...
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UPDATE: Amazon Introduces Kindle Cloud Reader
Wednesday, August 10, 2011 - 8:01am | 91Amazon.com (NASDAQ: AMZN) announced today Kindle Cloud Reader, its latest Kindle reading application that leverages HTML5 and enables customers to read Kindle books instantly using only their web browser. Kindle Cloud Reader automatically synchronizes your Kindle library, as well as your last...
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Benzinga's Top Pre-Market Gainers
Wednesday, August 10, 2011 - 7:35am | 128El Paso Corporation (NYSE: EP) rose 42.32% to $25.96 in the pre-market session. EP reported a 78% rise in its Q2 net income. Capital One Financial Corp (NYSE: COF) added 9.88% to $44.80 in the pre-market session. COF announced its plans to buy the US credit-card arm of HSBC Holdings PLC for a...
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Top 4 Small-Cap Stocks In The Catalog & Mail Order Houses Industry With The Highest Cash
Wednesday, August 10, 2011 - 4:17am | 133Below are the top small-cap catalog & mail order houses stocks on the NYSE and the NASDAQ in terms of cash. E-Commerce China Dangdang Inc (NYSE: DANG) had $252.47 million in total cash and no debt for the latest quarter. Acorn International Inc (NYSE: ATV) had $92.18 million in total cash...
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Baseball Bat Sales Soar on Amazon UK Following London Riots
Tuesday, August 9, 2011 - 2:08pm | 225Sales of the Rucanor Aluminium Baseball Bat are up more than 5,600%. As if riots in London weren't scary enough, it has now come to our attention that UK residents looking to defend themselves (or join the fray?) are flooding Amazon's (NASDAQ: AMZN) English store with orders for new baseball bats...
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Can Web IPO Market Survive Stock Dive?
Tuesday, August 9, 2011 - 12:03pm | 591By Carol Kopp These days, it seems that a bubble can burst before it even forms, in defiance of the laws of physics. So much for the great Web IPO bubble of 2011. At least, that is how many Web business watchers are talking after the markets tanked Monday. Technology stocks were hit harder than...
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As Oversold As We Have Seen It
Monday, August 8, 2011 - 3:54pm | 399There is nothing but selling taking place at this time. Stocks are being sold with a vengeance. This tells us that there are a few large financial institutions that have been caught on the wrong side of this market. In the past, when a major hedge fund or prop desk was under water on a position the...
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Tech Stocks Tank on Economic Crisis, S&P Downgrade
Monday, August 8, 2011 - 3:37pm | 831I'll bet Facebook and Zynga are glad they haven't gone public yet. LinkedIn (NYSE: LNKD) is among the many tech companies taking significant losses following today's unparalleled crisis. As of this writing, the popular social networking has been hit by an 18% decline. Granted, LinkedIn was...
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Head And Shoulder Pattern: Stock Markets Flush To Target
Monday, August 8, 2011 - 11:54am | 264The markets have now completed the head and shoulder pattern target at $115.00 on the SPDR S&P 500 ETF (NYSE: SPY). The head and shoulder pattern can be seen clearly on the chart below. This pattern was a classic technical bearish signal. In this situation, it completed in record time. With the...
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eDiets.com Announces Receipt of NASDAQ Staff Determination
Friday, August 5, 2011 - 4:38pm | 135eDiets.com, Inc. (NASDAQ: DIET) today announced that on August 3, 2011, it received a NASDAQ Staff Determination indicating that the Company did not regain compliance with the minimum $35 million market value of listed securities requirement set forth in NASDAQ Listing Rule 5550b2. As a result the...
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Zings Of The Day, August 5, 2011
Friday, August 5, 2011 - 3:28pm | 89Priceline.com Inc. (NASDAQ: PCLN) soared today after the travel-website reported better than expected earnings. William Shatner somewhere is smiling. He still can't act, but nonetheless, smiling. Some Goldman Sachs Group Inc (NYSE: GS) prime brokerage clients were unable to access information...
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Weight Watchers Getting Eaten Alive
Friday, August 5, 2011 - 3:06pm | 637Popular weight-loss company Weight Watchers (NYSE: WTW) is down 16 percent today, despite beating estimates in both earnings and sales for the second quarter. Theories as to why the market took a bite out of Weight Watchers are as plentiful as their two-point snack bar flavors. The theory is that...
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Options Brief: Blue Nile
Friday, August 5, 2011 - 2:19pm | 81Shares of Blue Nile (NASDAQ: NILE) are higher on the session by 5.79%, trading at $34.47. Overall put volume is now running at 7.81x the daily average, with 87% of all puts traded being purchases on the offer. 1,250 contracts have traded on the session so far. Blue Nile, Inc. is an online...
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Market Losers as of 10am
Friday, August 5, 2011 - 10:19am | 317CoreLogic (NYSE: CLGX) is trading down over 27% after being cut to Neutral at Bank of America. Brocade Communications (NASDAQ: BRCD) is trading down over 27% after being cut to Market Perform at Oppenheimer. Pacific Biosciences (NASDAQ: PACB) is trading down over 19.9% after being cut to Neutral at...
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Goldman Sachs Reiterates Neutral on Blue Nile, Slashes PT to $35
Friday, August 5, 2011 - 9:35am | 47Goldman Sachs reiterated its Neutral rating on Blue Nile (NASDAQ: NILE). At the same time, the rating agency slashed its price target on the company's stock from $47 to $35. In today's trading, NILE lost 9.58% of its value to stand around $33.08.