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May 8, 2014

DealBook P.M. Edition - May 08, 2014: Top Story: Foreign Investors Reap Enormous Profits in China's Red-Hot Internet Market.

For the latest updates, go to dealbook.nytimes.com »
THURSDAY, MAY 8, 2014
TOP STORY
An Internet cafe in Beijing in 2011.
Foreign Investors Reap Enormous Profits in China's Red-Hot Internet Market The lucrative returns have raised concerns that China could tighten restrictions to ensure control over one of the most dynamic parts of its economy.
Marissa Mayer took over the helm of Yahoo in July 2012.
Reuters Breakingviews: Tough Task for Yahoo: Spending Its Alibaba Windfall Wisely Yahoo could be tempted to throw money at acquisitions or costly internal projects from cash on hand after the Alibaba I.P.O., Richard Beales writes.
For the latest updates, go to dealbook.nytimes.com »
DEALBOOK HIGHLIGHTS
A branch of Barclays in Rome.
Barclays to Shrink Investment Bank and Create an Internal 'Bad Bank' The overhaul of the giant British bank signals a shift toward retail and commercial banking and away from Wall Street.
Shortly after he became chief executive of AstraZeneca in 2012, Pascal Soriot announced a new strategy to make research and development of drugs a priority.
Another View: A Case for Rejecting Pfizer's Bid for AstraZeneca AstraZeneca's board would do well to evaluate whether the company's progress will continue under Pfizer's management, Bill George, a professor at Harvard Business School, writes.
Andrew Ross Sorkin writes about Timothy Geithner in The New York Times Magazine.
5 Takeaways From Magazine Article on Geithner and the Financial Crisis In interviews with Andrew Ross Sorkin, Timothy Geithner discussed his tenure in government and his prescriptions for solving financial crises.
Former Senator Ted Kaufman in 2009.
Another View: Lopsided Approach to Wall Street Fraud Undermines the Law The Justice Department never made mortgage origination fraud or investigations of top bank executives a priority after the financial crisis, Ted Kaufman writes.
Motif Investing is online broker.
JPMorgan Backs an Online Broker, Motif Investing The $35 million investment by JPMorgan Chase and other firms is a vote of confidence in Motif Investing, an upstart online broker that lets investors buy a basket of stocks centered on a theme.
Leon Black, chairman and chief of Apollo Global Management.
Apollo Global Reports Sharply Lower Profit The results are a turnabout from last year, when Apollo Global Management took advantage of buoyant stock markets to sell investments.
Steve Chen, left, and Chad Hurley, who co-founded YouTube, had bought Delicious from Yahoo in 2011.
YouTube Founders to Sell Delicious, a Social Bookmarking Site An investment and advisory firm run by the former chief executive of Myspace is betting that it can reinvigorate a company that has seemed like a perpetual fixer-upper.
Tony Hayward, the former chief of BP, toured the damage from the company's oil spill in the Gulf of Mexico in 2010.
Glencore Names Former BP Chief as Chairman The commodities colossus has named the former chief of BP as chairman. Tony Hayward was widely criticized for his handling of BP's huge oil spill in the Gulf of Mexico in 2010.
The Spanish media company Prisa publishes El Pais.
Prisa of Spain Agrees to Sell Digital Plus Stake to Telefónica for $1 Billion The deal will increase Telefónica's holding in Digital Plus to 78 percent from 22 percent.
For the latest updates, go to dealbook.nytimes.com »

WSJ | Biggest Gainers Closing May 08, 2014.

Biggest Gainers Closing
Biggest Gainers
4:47 pm ET 05/08/2014
NYSE
ISSUEVOLUMEPRICECHG% CHG
Walter Investment Management (WAC)2,797,290$29.134.3017.32
Kemet (KEM)553,9885.270.7616.85
Cincinnati Bell (CBB)3,881,9953.720.5115.89
Omega Protein (OME)448,66913.341.7515.10
Mavenir Systems (MVNR)181,24813.691.4311.66
Halcon Resources (HK)20,939,2065.780.499.26
Steris (STE)1,170,73851.734.098.59
WhiteWave Foods Cl A (WWAV)3,762,30228.792.188.19
HHGregg (HGG)361,7968.800.647.84
Rubicon Project (RUBI)227,74312.960.927.64
Barclays ADS (BCS)8,014,77117.731.227.39
Terra Nitrogen (TNH)59,674153.3910.077.03
Bitauto Holdings ADS (BITA)1,646,37235.402.296.92
500.com ADS (WBAI)556,75630.531.926.71
Assured Guaranty (AGO)4,151,03525.521.546.42
CenturyLink (CTL)21,613,70036.862.216.38
Pretium Resources (PVG)410,4026.860.385.86
Higher One Holdings (ONE)603,0036.210.335.61
Kennedy-Wilson Holdings (KW)1,010,54723.101.125.10
L Brands (LB)3,740,39155.932.544.76
Copa Holdings Cl A (CPA)522,418138.406.134.63
Maui Land&Pineapple (MLP)14,1048.130.364.63
Gigamon (GIMO)1,124,13516.580.734.61
Essent Group (ESNT)441,26420.150.884.57
EnerSys (ENS)550,00868.512.984.55
 
Nasdaq
ISSUEVOLUMEPRICECHG% CHG
Mitel Networks (MITL)1,358,452$10.961.2713.11
Keurig Green Mountain (GMCR)8,510,240104.1911.9812.99
SolarCity (SCTY)15,341,47553.605.8912.35
Zumiez (ZUMZ)865,26327.542.7210.96
McGrath RentCorp (MGRC)206,25933.843.1610.30
NumereX (NMRX)137,61311.151.0310.18
Novadaq Technologies (NVDQ)1,165,20715.461.409.96
TeleCommunication Systems Cl A (TSYS)1,336,5903.010.279.85
1st United Bancorp (FUBC)5,097,1997.990.689.30
FirstBank (Michigan) (FBMI)52,91718.791.538.86
NxStage Medical (NXTM)960,74412.431.018.84
Gordmans Stores (GMAN)327,1934.680.337.59
Qumu (QUMU)12,73013.280.917.36
NAPCO Security Technologies (NSSC)52,2895.950.397.01
21st Century Fox Cl B (FOX)10,811,18233.482.086.62
21st Century Fox Cl A (FOXA)28,239,08334.222.106.54
Mercantile Bank (MBWM)54,17120.721.276.53
ASB Bancorp (ASBB)4,86019.101.166.47
Criteo ADS (CRTO)857,38729.021.766.46
Rofin-Sinar Technologies (RSTI)200,79423.471.406.34
Houston Wire&Cable (HWCC)197,24012.470.736.22
Groupon (GRPN)30,470,9735.660.336.10
Value Line (VALU)6,45013.740.735.61
Intra-Cellular Therapies (ITCI)40,80616.270.855.51
Twin Disc (TWIN)69,76930.011.475.15
 
NYSE Arca
ISSUEVOLUMEPRICECHG% CHG
VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ)17,132,172$3.050.3010.91
Direxion Daily Natural Gas Related Bear 3x Shares (GASX)98,95316.091.328.93
ProShares UltraShort DJ-UBS Natural Gas (KOLD)141,25239.602.446.57
iPath Dow Jones UBS Nickel Subindex Total Return ETN (JJN)129,61026.951.455.69
Teucrium Sugar Fund (CANE)3,09315.530.614.09
Direxion Daily Energy Bear 3x Shares (ERY)538,58915.860.614.00
iPath Pure Beta Nickel ETN (NINI)7,03734.601.293.87
Direxion Daily Small Cap Bear 3x Shares (TZA)36,515,77218.510.553.06
ProShares UltraShort Oil&Gas (DUG)156,90842.611.222.95
ProShares UltraPro Short Russell2000 (SRTY)692,15647.051.342.93
Direxion Daily Japan Bear 3x Shares (JPNS)17,82931.880.672.15
VelocityShares 3x Inverse Crude ETN linked to the S&P GSCI Crude Oil Index Excess Return (DWTI)3,05527.780.582.13
Direxion Daily Retail Bull 3x Shares (RETL)6,95659.001.212.09
Direxion Daily Semiconductor Bull 3X Shares (SOXL)129,78584.741.702.05
ProShares UltraShort Utilities (SDP)7,57716.010.322.03
First Trust Latin America AlphaDEX Fund (FLN)4,07624.140.482.01
ProShares UltraShort Russell2000 (TWM)2,346,94851.680.991.95
ProShares UltraShort MSCI Brazil Capped (BZQ)13,48562.531.191.94
PowerShares DB 3x Italian Treasury Bond Futures ETN (ITLT)2,73148.810.911.90
iPath GEMS Index ETN (JEM)3,85038.550.711.88
Direxion Daily Brazil Bear 3X Shares (BRZS)3,08033.470.601.82
PowerShares DB 3x Short 25+ Year Treasury Bond Exchange Traded Note (SBND)31,5557.730.131.70
Direxion Daily Mid Cap Bear 3x Shares (MIDZ)33,87516.870.281.69
PowerShares DB Crude Oil Short ETN (SZO)2,00037.900.591.58
ProShares UltraPro Short MidCap400 (SMDD)6,07650.810.771.54
 
Composite
ISSUEVOLUMEPRICECHG% CHG
Chelsea Therapeutics International (CHTP)66,817,246$6.581.5831.60
Walter Investment Management (WAC)2,797,29029.134.3017.32
Kemet (KEM)553,9885.270.7616.85
Cincinnati Bell (CBB)3,881,9953.720.5115.89
Aldeyra Therapeutics (ALDX)24,1836.990.9415.54
Omega Protein (OME)448,66913.341.7515.10
Mitel Networks (MITL)1,358,45210.961.2713.11
Keurig Green Mountain (GMCR)8,510,240104.1911.9812.99
SolarCity (SCTY)15,341,47553.605.8912.35
Ampio Pharmaceuticals (AMPE)2,679,7906.500.6911.88
CYREN (CYRN)246,9163.220.3411.81
Mavenir Systems (MVNR)181,24813.691.4311.66
Zumiez (ZUMZ)865,26327.542.7210.96
VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ)17,132,1723.050.3010.91
eGain (EGAN)231,0526.620.6310.52
McGrath RentCorp (MGRC)206,25933.843.1610.30
NumereX (NMRX)137,61311.151.0310.18
Novadaq Technologies (NVDQ)1,165,20715.461.409.96
TeleCommunication Systems Cl A (TSYS)1,336,5903.010.279.85
1st United Bancorp (FUBC)5,097,1997.990.689.30
Halcon Resources (HK)20,939,2065.780.499.26
Direxion Daily Natural Gas Related Bear 3x Shares (GASX)98,95316.091.328.93
FirstBank (Michigan) (FBMI)52,91718.791.538.86
NxStage Medical (NXTM)960,74412.431.018.84
MAM Software Group (MAMS)52,7965.550.458.82
 
See All Gainers
 
Footnotes
Includes common, closed end funds, ETFs, ETNs and REITS with prior day close of $2 a share or higher, with volume of at least 2,000.
x - stock is trading ex-dividend
Source: WSJ Market Data Group