Yahoo Inc. announced the withdrawal of its services from China, citing difficulties in maintaining operations within the nation’s restrictive technological environment.
Companies Reporting Before The Bell
• Thomson Reuters (NYSE:TRI) is expected to report quarterly earnings at $0.48 per share on revenue of $1.86 billion.
OneMain Holdings, Inc. (NYSE: OMF) (the "Company") announced today the commencement of a proposed secondary public offering of 10,010,208 shares of the Company's common stock by an entity managed by affiliates of Apollo Global Management, Inc. (the "selling stockholder").
Apollo Global Management (NYSE:APO) has outperformed the market over the past 90 days by 31.71%, generating a 34.53% return for its investors over the time period. Now, given this information, it may seem like price appreciation alone is the best way to have made money on this stock, that's not actually the case.