Tuesday, March 18, 2014

18-March-2014 Market News

What You See And Don't See Buying Tesla
     With U.S. stocks grinding through the first quarter of 2014, many of the last year’s darlings have scuffled. One that hasn’t is up more than 50% year-to-date and trading at more than $236. In a note Tuesday Goldman Sachs analysts upped their price target to $200 but said the stock could be worth anywhere from $66 to $478.  Full Article

Yandex Buys KitLocate
     According to Yandex NV, the KitLocate’s technology can be used in mobile applications and is based on statistical analysis. The technology is useful in determining the right services for users at the right location and right time based on data regarding their movements.  Full Article

Citigroup Fined For Short Selling
     NEW YORK (MarketWatch) -- Citigroup Inc.'s U.S. based brokerage and securities arm Citigroup Global Markets Inc. has been ordered to pay $1.1 million by the Financial Industry Regulatory Authority and the BATS Exchange for alleged short selling securities ahead of participating in five public offerings.  Full Article

SunEdison Receives Latin American Solar Deal Of The Year
     BELMONT, Calif., March 17, 2014 /PRNewswire/ -- SunEdison, Inc., a leading solar technology manufacturer and provider of solar energy services, has been awarded ProjectFinance Magazine's prestigious "Latin America Solar Deal of the Year" award for its San Andres solar power plant in Chile.  Full Article

Walmart Enter Used Video Game Market
     Wal-Mart’s new program will see the video games traded in, sent to be refurbished, and then sold through its stores. This is similar to the service that GameStop currently offers, and subsequently GME stock was substantially in pre-market trading. WMT’s new program differs from GME’s, as WMT customers will have a wider variety of products to choose from when spending the video game’s trade-in value.  Full Article

U.S. Transfers Control Of Internet
     The decision was announced nonchalantly, in trademark Washington fashion on a Friday afternoon: The U.S. government will cede its last bit of control over the Internet.  The government has maintained that influence through contracts with the organization that administers the Internet, a Los Angeles-based nonprofit called the Internet Corporation for Assigned Names and Numbers, or ICANN. But a Commerce Department agency announced Friday that it would relinquish control over ICANN, presumably when its contract expires in September 2015. The office said it wants the group to next convene "global stakeholders" to come up with a transition plan -- a transition to what remains unknown.  Full Article

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