Shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) ended Wednesday session in green amid volatile trading. The shares closed up +0.33 points or 2.62% at $12.92 with 5.81 million shares getting traded. Post opening the session at $12.70, the shares hit an intraday low of $12.65 and an intraday high of $12.94 and the price vacillated in this range throughout the day. The company has a market cap of $6.45 billion and the numbers of outstanding shares have been calculated to be 511.70 million shares.
Marvell Technology Group Ltd. (MRVL) on Sept. 14, 2016 announced that the Board of Directors has approved a quarterly dividend payment of $0.06 per share to all shareholders of record as of September 28, 2016. Marvell intends to pay the dividend on October 19, 2016.
Shares of Baidu Inc (ADR) (NASDAQ:BIDU) ended Wednesday session in green amid volatile trading. The shares closed up +9.66 points or 5.18% at $196.03 with 5.74 million shares getting traded. Post opening the session at $187.85 the shares hit an intraday low of $187.30 and an intraday high of $196.31 and the price vacillated in this range throughout the day. The company has a market cap of $68.54 billion and the numbers of outstanding shares have been calculated to be 27.17 million shares.
On September 14, 2016 DU Group, a mobile development team of Baidu, Inc. ( NASDAQ : BIDU ), has announced the launch of its new privacy app ‘DU Caller’ for the US and India markets. The app will make full use of the security features in Apple’s new CallKit framework for iOS 10, and is aimed at helping users prevent identity theft through a variety of features including an incoming call identifier, a spam checker, a customizable blacklist and more.
“Phone privacy is an increasingly urgent issue, as we’re now using our phones not only as our main repositories for photos and videos, but also increasingly as our de-facto payment method,” said Mr. Cailin Tang, Director of International Products at Baidu’s Global Business Unit. “The need to accurately identify callers and prevent identity theft before it happens is more pressing than ever. DU Caller will fully leverage Apple’s new CallKit on iOS 10 to give users much more transparency and control over their phones,” he said.