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Citigroup Initiates Coverage on 11 Internet Stocks

Citigroup equity research analyst Mark May initiated coverage on 11 Internet stocks on Tuesday.

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Open Table to acquire Mobile Technology Company (OPEN)

Open Table Inc. (NASDAQ: OPEN) announced on Thursday that it has agreed to acquire a mobile technology company, JustChalo Inc. in both cash and stock deal valued at $11 million.

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Major Movers on May 3; AIG, KRFT, LNKD, OPEN, ADP

Shares of American International Group Inc. (NYSE: AIG), climbed about 5.40% by afternoon trade after the insurer on Friday posted profit of $1.34 per share for the fiscal first quarter, comfortably beating analysts’ consensus estimate of 87 cents a share. Revenue however missed analysts’ expectation. Meanwhile, analysts at JP Morgan Chase reiterated “neutral” rating on [...]


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