Adam Krejcik News
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Chinese stocks traded in New York rose the most in a month, with Internet companies leading gains, after the Federal Reserve said it will buy mortgage securities to bolster growth in the world’s biggest economy.
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Chinese stocks traded in New York gained and Sina Corp. rose to a six-week high on prospects the slowest industrial output growth in three years will prompt the government to take further easing steps to boost the economy.
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Glu Mobile Inc., the maker of “Contract Killer: Zombies” and “Gun Bros” games for smartphones, is offering potential buyers the fastest sales growth among U.S. mobile gaming competitors.
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Sina Corp. gained, helping Chinese shares traded in New York to a five-month high, after analysts recommended buying the nation’s Internet companies as users climb and their stock trades cheaper than peers in the U.S.
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E-Commerce Dangdang Inc. and Sina Corp. tumbled, sending an index of Chinese stocks in the U.S. to a four-week low, on concern the global economic slowdown will undermine online sales and advertising.
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Shanda Games Ltd. gained the most in New York in six weeks as investors bought shares of the Chinese online games operator which is set to report earnings tomorrow.
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E-Commerce China Dangdang Inc. tumbled to a 10-week low in New York as the owner of China’s biggest Internet bookseller forecast sales that fell short of analysts’ estimates.
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Chinese stocks trading in the U.S. rose from a two-month low, led by gains in Huaneng Power International Inc. and China Eastern Airlines Ltd., on speculation policy makers may take steps to spur growth.
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Sina Corp., owner of the Twitter- like Weibo service in China, plunged to a 15-month low after the company said that Beijing’s municipal government will force microblog users to verify their identifies.
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Chinese stocks trading in the U.S. posted the biggest weekly drop in three months as Baidu Inc. and Yanzhou Coal Mining Co. declined on concern the economic slowdown in the world’s second-largest economy is worsening.
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