Albany, New York (10/06/2014) – Yahoo! Inc. (NASDAQ:YHOO) continues to reveal its appetite for the emerging technologies as the embattled company tries to appease investors, or even buy time with them. People with insider knowledge have revealed that YHOO could invest about $20 million in the mobile messaging app, Snapchat. YHOO is leading a funding round that values the App at $10 billion. Meanwhile, YHOO is also reported to purchased mobile-chat provider, MessageMe, for less than $12 million. Yahoo! Inc. (NASDAQ:YHOO) recently sold a portion of its stake in Alibaba Group Holding Ltd (NYSE:BABA) and unlocked significant amount of cash that it intends to return to shareholders and also use to fund its acquisitions.
Ford Motor Company (NYSE:F) may have announced challenges in some of its key markets. However, the company is still hopeful that the new 2015 Ford Edge would give it what it wants in terms of revenue and profits. The company has announced the hiring of more than 1,000 people to work on an hourly basis through its subsidiary Ford Canada. The new Edge models produced at the Canadian plant would be sold in over 100 countries around the world. Ford (NYSE:F) is trying to capture a bigger market shares in the global market with new name plates and more fuel efficient vehicles. The company announced that it expects about $2 billion adverse impact on its profit this year owing to challenges in the Latin American market and Europe. Ford Motor Company (NYSE:F) further stated that the impact on this year’s profit would be related to fixing of a faulty airbag in the 850,000 vehicles it recently recalled.
Vale SA (ADR) (NYSE:VALE), like most other iron ore and even metallurgical coal stocks, has very little to celebrate as prices of iron ore continue to fall. The price of a commodity, the key ingredient in steel making, declined to $76.60 per ton in Qingdao, China, a far cry from more than $160 per ton in February 2013. Vale SA (ADR) (NYSE:VALE) and its peers are feeling the pressure of oversupply and the softening demand for iron ore, especially because of the slowdown in the Chinese housing market.