New Oriental Education (NYSE:EDU) was notified on July 13th that the United States Securities and Exchange Commission has issued a formal order of investigation captioned “In the Matter of New Oriental Education & Technology Group Inc.” The company is of the opinion that the inquiry is in regards to whether there is a sufficient basis for the consolidation of Beijing New Oriental Education & Technology Co., Ltd., which is a variable interest entity of the company, and its wholly-owned subsidiaries, into the firm’s consolidated financial statements. Shares closed down 34.32 percent on the day at $14.62, having traded in a 52-week range of $20.61 to $34.77.
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Hhgregg (NYSE:HGG) announces 240 job vacancies in the St. Louis, Missouri area. Shares closed down 1.83 percent on the day at $6.97, and have traded in a 52-week range of $6.99 to $16.65.
Hewlett-Packard Company (NYSE:HPQ): Prices for tablet are dropping, in stores such as Wal-Mart (NYSE:WMT) and Best Buy (NYSE:BBY) across the United States, and a sector-wide price war is becoming increasingly apparent, according to Digitimes. Shares closed up 0.32 percent on the day at $18.87, having been traded in a 52-week range of $18.76 to $37.70.
Research In Motion (NASDAQ:RIMM) shares closed down 0.07 percent on the day at $6.92, and have been traded in a 52-week range of $6.89 to $33.54.
Sina Corporation (NASDAQ:SINA) a Chinese Internet portal, is joining with BesTV to provide “social television” via a new product, says the WantChinaTimes, which cited China’s First Financial Daily. Their new product will join together television, computers, smartphones, and Sina’s popular Weibo microblog. Shares closed down 7.29 percent on the day at $44.36, having been traded in a 52-week range of $46.50 to $125.37.
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