TOP 5 STOCKS TO WATCHOUT:-
1.#PARLER- Parler, a social media website and app popular with the American far right, has partially returned online with the help of a Russian-owned technology company.
Parler vanished from the internet when dropped by Amazon Inc's hosting arm and other partners for poor moderation after its users called for violence and posted videos glorifying the Jan. 6 attack on the U.S. Capitol.
On Monday, Parler's website was reachable again, though only with a message from its chief executive saying he was working to restore functionality.
2.#PINTEREST :- Turkey's Information and Communication Technologies Authority has imposed advertising bans on Twitter, Periscope and Pinterest under a new social media law, according to decisions published in the country's Official Gazette on Tuesday.
The law, which critics say will muzzle dissent, requires social media companies to appoint local representatives in Turkey. On Monday, Facebook Inc joined other companies in saying it would appoint such a representative.
3.#AMAZON:- Amazon will open two new logistics centres in Italy this year, investing over 230 million euros ($278 million), the world's largest online retailer said on Monday.
With the two new hubs- a distribution centre in the north-western city of Novara and a fulfilment centre close to the city of Modena - Amazon will create 1,100 new jobs in the coming three years.
"Amazon continues to expand its logistics network in order to satisfy the growing demand of clients, widen product selections and support those small and medium enterprises that have decided to sell their products using Amazon logistics," the group said in a statement.
4. #INTEL:- Chairman Omar Ishrak is working towards gathering funds for a health technology special purpose acquisition company (SPAC).
The former Medtronic plc CEO could file registration documents with the United States Securities and Exchange Commission for an initial public offering as early as Tuesday, people familiar with the matter told Bloomberg.
Ishrak reportedly aims to raise approximately $750 million to $1 billion for the blank-check company. SPACs accounted for over half the total number of initial public offerings in the United States last year.
Mergers with blank check companies gained popularity as a chosen method to go public in 2020, raising $79 billion in the year.
5.#SOFTBANK:- Britain's OneWeb said on Friday that SoftBank Group Corp and Hughes Network Systems LLC had invested in the satellite communications company, bringing its total funding to $1.4 billion.
Founded by entrepreneur Greg Wyler in 2014, OneWeb aims to provide high-speed broadband internet services globally using low earth orbit satellites, taking on a similar offering by Elon Musk's SpaceX.
The funding would allow OneWeb to cover the costs for its network of 648 satellites, expected to be ready by the end of 2022.
SoftBank Group, a former investor in OneWeb, had pulled the plug on funding earlier, forcing OneWeb to file for bankruptcy protection in March.
1.#PARLER- Parler, a social media website and app popular with the American far right, has partially returned online with the help of a Russian-owned technology company.
Parler vanished from the internet when dropped by Amazon Inc's hosting arm and other partners for poor moderation after its users called for violence and posted videos glorifying the Jan. 6 attack on the U.S. Capitol.
On Monday, Parler's website was reachable again, though only with a message from its chief executive saying he was working to restore functionality.
2.#PINTEREST :- Turkey's Information and Communication Technologies Authority has imposed advertising bans on Twitter, Periscope and Pinterest under a new social media law, according to decisions published in the country's Official Gazette on Tuesday.
The law, which critics say will muzzle dissent, requires social media companies to appoint local representatives in Turkey. On Monday, Facebook Inc joined other companies in saying it would appoint such a representative.
3.#AMAZON:- Amazon will open two new logistics centres in Italy this year, investing over 230 million euros ($278 million), the world's largest online retailer said on Monday.
With the two new hubs- a distribution centre in the north-western city of Novara and a fulfilment centre close to the city of Modena - Amazon will create 1,100 new jobs in the coming three years.
"Amazon continues to expand its logistics network in order to satisfy the growing demand of clients, widen product selections and support those small and medium enterprises that have decided to sell their products using Amazon logistics," the group said in a statement.
4. #INTEL:- Chairman Omar Ishrak is working towards gathering funds for a health technology special purpose acquisition company (SPAC).
The former Medtronic plc CEO could file registration documents with the United States Securities and Exchange Commission for an initial public offering as early as Tuesday, people familiar with the matter told Bloomberg.
Ishrak reportedly aims to raise approximately $750 million to $1 billion for the blank-check company. SPACs accounted for over half the total number of initial public offerings in the United States last year.
Mergers with blank check companies gained popularity as a chosen method to go public in 2020, raising $79 billion in the year.
5.#SOFTBANK:- Britain's OneWeb said on Friday that SoftBank Group Corp and Hughes Network Systems LLC had invested in the satellite communications company, bringing its total funding to $1.4 billion.
Founded by entrepreneur Greg Wyler in 2014, OneWeb aims to provide high-speed broadband internet services globally using low earth orbit satellites, taking on a similar offering by Elon Musk's SpaceX.
The funding would allow OneWeb to cover the costs for its network of 648 satellites, expected to be ready by the end of 2022.
SoftBank Group, a former investor in OneWeb, had pulled the plug on funding earlier, forcing OneWeb to file for bankruptcy protection in March.
TOP 5 STOCKS TO WATCHOUT:-
1.#KIA CORP- South Korean automaker Kia Corp said on Wednesday it's reviewing cooperation on self-driving electric cars with multiple foreign firms, making no mention of a report linking it to a project with tech giant Apple Inc.
Kia's comment, issued in a regulatory filing as its shares surged nearly 20% in Seoul, came after domestic online publication Edaily reported late on Tuesday that Kia's parent, Hyundai Motor Group, had decided Kia would be in charge of proposed cooperation with Apple on electric cars. The report cited unnamed industry sources.
Hyundai Motor declined to comment. Apple was not immediately available for comment outside of U.S. business hours.
2.#EBay :- EBay Inc said on Tuesday it has started a process to explore a range of strategic alternatives for its South Korean business, which includes Gmarket, one of the largest online marketplaces in the country.
The Korea Economic Daily, a Seoul-based newspaper, reported in March last year that the e-commerce firm was looking to sell its South Korean unit in a deal that could fetch nearly $5 billion.
3.#ZOOM:- Zoom Video Communications Inc said on Tuesday it had resolved an issue that was preventing some users in Europe from accessing its desktop and mobile apps.
The issue, however, did not affect the access to the platform through a web browser,The popularity of video conferencing platforms such as Zoom has skyrocketed during the pandemic as people rely on such tools in the absence of in-person meetings at work or to stay in touch with family and friends.
4. #PINTEREST:-Ankara has imposed advertising bans on Twitter, Periscope and Pinterest after they failed to appoint local representatives in Turkey under a new social media law, according to decisions published on Tuesday.
Under the law, which critics say stifles dissent, social media companies that do not appoint such representatives are liable for a series of penalties, including the latest move by the Information and Communication Technologies Authority (BTK).
The law allows authorities to remove content from platforms, rather than blocking access as they did in the past. It has caused concern as people turn more to online platforms after Ankara tightened its grip on mainstream media.
The latest decisions in the country's Official Gazette said the advertising bans went into effect from Tuesday. Twitter, its live-streaming app Periscope, and image sharing app Pinterest were not immediately available to comment.
Deputy Transport Minister Omer Fatih Sayan said Twitter and Pinterest's bandwidth would be cut by 50% in April and by 90% in May. Twitter said last month it would shut down Periscope by March due to declining usage.
5.#LOGITECH:- Logitech International Chief Executive Bracken Darrell's recent sale of $4.2 million of stock was due to the upcoming expiry of share options and should not be taken as any pessimism about the computer peripherals maker's future, he said on Tuesday.
"It says nothing about how optimistic I am," Darrell told Reuters. "I am super optimistic, and I have every intention to be here as long as they let me," he said after Logitech reported an 85% surge in third-quarter sales and raised its guidance for the third time during its 2021 business year.
Darrell said following the record results, he would be surprised if Logitech did not raise its dividend from the 0.80 Swiss francs it paid out for 2020, although this was a matter for the board to decide.
1.#KIA CORP- South Korean automaker Kia Corp said on Wednesday it's reviewing cooperation on self-driving electric cars with multiple foreign firms, making no mention of a report linking it to a project with tech giant Apple Inc.
Kia's comment, issued in a regulatory filing as its shares surged nearly 20% in Seoul, came after domestic online publication Edaily reported late on Tuesday that Kia's parent, Hyundai Motor Group, had decided Kia would be in charge of proposed cooperation with Apple on electric cars. The report cited unnamed industry sources.
Hyundai Motor declined to comment. Apple was not immediately available for comment outside of U.S. business hours.
2.#EBay :- EBay Inc said on Tuesday it has started a process to explore a range of strategic alternatives for its South Korean business, which includes Gmarket, one of the largest online marketplaces in the country.
The Korea Economic Daily, a Seoul-based newspaper, reported in March last year that the e-commerce firm was looking to sell its South Korean unit in a deal that could fetch nearly $5 billion.
3.#ZOOM:- Zoom Video Communications Inc said on Tuesday it had resolved an issue that was preventing some users in Europe from accessing its desktop and mobile apps.
The issue, however, did not affect the access to the platform through a web browser,The popularity of video conferencing platforms such as Zoom has skyrocketed during the pandemic as people rely on such tools in the absence of in-person meetings at work or to stay in touch with family and friends.
4. #PINTEREST:-Ankara has imposed advertising bans on Twitter, Periscope and Pinterest after they failed to appoint local representatives in Turkey under a new social media law, according to decisions published on Tuesday.
Under the law, which critics say stifles dissent, social media companies that do not appoint such representatives are liable for a series of penalties, including the latest move by the Information and Communication Technologies Authority (BTK).
The law allows authorities to remove content from platforms, rather than blocking access as they did in the past. It has caused concern as people turn more to online platforms after Ankara tightened its grip on mainstream media.
The latest decisions in the country's Official Gazette said the advertising bans went into effect from Tuesday. Twitter, its live-streaming app Periscope, and image sharing app Pinterest were not immediately available to comment.
Deputy Transport Minister Omer Fatih Sayan said Twitter and Pinterest's bandwidth would be cut by 50% in April and by 90% in May. Twitter said last month it would shut down Periscope by March due to declining usage.
5.#LOGITECH:- Logitech International Chief Executive Bracken Darrell's recent sale of $4.2 million of stock was due to the upcoming expiry of share options and should not be taken as any pessimism about the computer peripherals maker's future, he said on Tuesday.
"It says nothing about how optimistic I am," Darrell told Reuters. "I am super optimistic, and I have every intention to be here as long as they let me," he said after Logitech reported an 85% surge in third-quarter sales and raised its guidance for the third time during its 2021 business year.
Darrell said following the record results, he would be surprised if Logitech did not raise its dividend from the 0.80 Swiss francs it paid out for 2020, although this was a matter for the board to decide.