Tech Biz Cheat Sheet: Yahoo Partners with ABC News, Eastman Kodak Not Filing for Bankruptcy
Shares of Eastman Kodak (NYSE:EK) are trading up after the company issued a statement quashing rumors that it intended to file for bankruptcy.
Hot Feature: Alibaba CEO Expresses Interest in Yahoo Buyout
Universal Display (NASDAQ:PANL) is trading lower after The Street Sweeper published a critical piece on the company highlighting insider selling, a history of losses, and the fact that the company’s August deal with Samsung doesn’t involve any royalty payments.
Tessa Technologies (NASDAQ:TSRA) is trading lower after announcing that a U.S. Appeals court has reversed a lower court dismissal of a patent case brought against it by Taiwan-based Powertech Technology. The suit was originally dismissed on procedural grounds.
Yahoo (NASDAQ:YHOO) has formed a partnership with ABC News (NYSE:DIS) that will make the latter the “premier news provider” for Yahoo News. ABC will develop a “new original web series” for Yahoo News, which is the most popular news site in the U.S., with traffic slightly higher than number two CNN.com (NYSE:TWX).
Intel (NASDAQ:INTC) agreed Sunday to buy Telmap, an Israeli maker of map software, for an undisclosed price. However, Israeli media are reporting that the deal is worth $300 million to $350 million, according to Reuters.
Yahoo (NASDAQ:YHOO) shares are climbing after Alibaba CEO Jack Ma expressed his interest in buying the company.