Gainers & Losers
SAN FRANCISCO - Shares of Weibo Corp rose 19 percent in their U.S. debut on Thursday, sweeping aside concerns that Chinese censorship will hurt the growth of the country's Internet sector and broader worries about lofty tech-stock valuations.
SAN FRANCISCO - Google Inc's first-quarter revenue fell short of Wall Street targets and margins narrowed as the price of its ads continued to decline, underscoring the challenges Internet companies face as the world shifts toward mobile devices.
- Shares of Sabre Corp , the airline ticketing technology provider that also owns online travel agency Travelocity, rose as much as 7 percent in their market debut after the company sold fewer shares than expected in its initial public offering and priced them below the targeted range.
SAN FRANCISCO - SanDisk Corp increased its outlook for gross margins in 2014 as fast-growing sales of its high-end solid-state drives helped offset volatile prices for memory chips.
- Yahoo Inc's shares rose as much as 9 percent in heavy trading on Wednesday, a day after Chinese internet company Alibaba Group Holding Ltd, in which it holds a 24 percent stake, reported a surge in quarterly revenue.
- Gap Inc expects its sales in China to triple in the next three years to $1 billion, making the country its second largest market, the retailer said on Wednesday.
TOKYO - Shares in SoftBank Corp climbed more than 7 percent to a one-week high of 7,518 yen on Wednesday morning after its Chinese e-commerce affiliate Alibaba Group Holding Ltd posted accelerated revenue growth in the fourth quarter.
- Shares of Moelis & Co rose as much as 9 percent in their debut on Wednesday despite recent market pressure on financial stocks including boutique investment banks.
SINGAPORE - Shares of CapitaMalls Asia surged as much as 22 percent after Southeast Asia's biggest property developer CapitaLand Ltd offered to buy out minority shareholders in the Singapore-listed shopping mall operator.
- JPMorgan Chase & Co posted far weaker-than-expected quarterly profit as uncertainty about the U.S. economy weighed on investor trading volumes and consumer borrowing. | Video