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$PCLN said that it has agreed to invest an additional $500MM in $CTRP, China's leading online travel company, through a convertible bond. Including the new bond, $PCLN has invested about $1.9Bil in Ctrip's convertible bonds and ADS since 2014. After the issuance of new bond, $PCLN will own about 45.5MM ADS of Ctrip on a fully diluted basis.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$YHOO is reporting today after market close. Nobody cares about this stock.