Facebook COO Sandberg Meets With Chinese Regulators and 2 Other Hot Stocks to Watch
Facebook Inc. (NASDAQ:FB): Current price $44.33
On Tuesday, Facebook’s Chief Operating Officer Sheryl Sandberg met with the government regulator that oversees restrictions on the Internet in China, where access to the firm’s social networking website is blocked.
Sandberg spoke with the chief of the State Council Information OfficeCai Mingzhao and discussed matters such as the “important role” Facebook plays in assisting Chinese businesses expand overseas and “cooperation,” said a statement posted to the agency’s website Wednesday, which did not describe what sort of cooperation was discussed. Presently, China censors the web by blocking sites having pornography, gambling, and content that might be critical of the ruling Communist Party.
Alcatel-Lucent (NYSE: ALU): Current price $3.37
Alcatel-Lucent has been honored by the National Academy of Television Arts & Sciences with an Emmy Award for Technology and Engineering for its “Pioneering Work in Implementation and Deployment of Network DVR,” which is the digital video recorder tech that affords viewers complete control over how they watch television. Network DVR permits content to be stored in the Cloud instead of in the hard drive of a traditional DVR or set-top box, allowing multiple shows to be recorded simultaneously and then accessed at any time, anywhere, and from any device — whether it is the traditional television, a smartphone, or a tablet.
ReneSola Ltd. (NYSE:SOL): Current price $4.43
On Wednesday, ReneSola announced the pricing of a registered direct offering of some $70 million in American Depositary Shares, each representing two shares of the firm, at $4.67 per ADS. Additionally, investors will receive 35-percent warrant coverage in the offering with an initial exercise price of $6.04 per ADS, or $3.02 per share. The warrants will expire four years from the date they are issued.
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