Leju, E-House EPS Strong Amid China Housing Fears

Leju Holdings (LEJU) and parent E-House China Holdings, two China-based providers of real estate services with growing online operations, reported strong second-quarter earnings despite fears of a downturn in China’s housing market. Leju earned 15 cents a share, missing by a penny the views of analysts polled by Thomson Reuters, on revenue of $117.36 million, beating views by about $5 million. In April, a portion of Leju was spun off by E-House in

Infineon To Buy International Rectifier In Chip M&A

German chipmaker Infineon Technologies says that it’s agreed to acquire International Rectifier (IRF) for $3 billion in cash as mergers and acquisitions continue in the semiconductor industry. The deal is expected to close in late 2014 or early 2015, the companies said. Infineon says that it will pay $40 per share for El Segundo, Calif.-based International Rectifier, a more than 50% premium to the stock’s closing price on Tuesday. Shares of

Broadband Internet Subscribers Near 86 Million In Q2

Cable and telephone companies added 385,000 broadband Internet subscribers in the second quarter, up 30.5% from 295,000 net high-speed subscribers in Q2 of 2013. Comcast (CMCSA) led the way with 203,000 net new additions in Q2. Comcast is the No. 1 provider of broadband Internet services in the U.S., followed by AT&T (T), which lost 55,000 subscribers in Q2, according to Leichtman Research Group. The data was collected from the 17 largest cable

Steve Ballmer exit could lead to bigger Microsoft dividends

Now that Steve Ballmer has given up the Microsoft (MSFT) boardroom for courtside seats with his Los Angeles Clippers, CEO Satya Nadella can continue his transformation of the software giant without having his predecessor there to second-guess him. Ballmer stepped down fromĀ  Microsoft’s (MSFT) board on Tuesday, citing the multitude of commitments he has taken on since retiring as CEO in February, including ownership of the NBA’s Los Angeles Clippers. “In the six months since leaving, I have become very busy. I see a combination of the Clippers, civic contribution, teaching and study taking a lot of time,” Ballmer said

TripAdvisor Adds Uber Reservations To Its Mobile App

TripAdvisor said Wednesday that it’s adding a feature to its smartphone app and mobile website that allows users to reserve a ride to restaurants, hotels and other spots with Uber, a fast-growing taxi, private car and ride-sharing mobile reservation service. TripAdvisor (TRIP) says that it’s one of the first online travel firms to integrate Uber’s new API, or application programming interface, into its mobile app. When its mobile users visit