Yandex NV, Russia’s largest search- engine company, reported a 19 percent increase in first-quarter profit on rising demand for Internet advertising.
Yandex NV and Mail.ru Group Ltd. will rebound from their cheapest ever valuations as Russian Internet advertising weathers the nation’s economic slowdown, according to Barclays Plc.
Yandex NV, Russia’s biggest Internet company, rallied to a two-year high in New York after Citigroup Inc. initiated coverage of the stock with a buy.
Google Inc. , seeking to diversify beyond Internet advertising, will sell some television spots for cable networks carried by DirecTV , the largest U.S. satellite-TV provider.
Kerner Says Biggest Threat to Facebook Is Regulation