Alibaba Group Holding (BABA) is flexing its cloud computing muscles in Asia, with the U.S. and Europe also on China’s e-commerce leader’s expansion road map. Alibaba has sold cloud computing services in China since 2009 but lags far behind leader Amazon Web Services, the cloud computing arm of e-commerce giant Amazon.com (AMZN). Alibaba’s cloud computing unit, called Aliyun, on Monday announced partnerships with Singtel, a telecom company based in
Genomics firm Illumina (ILMN) dipped Monday on news of a competing high-end gene sequencer, while lower-end rival Bio-Reference Laboratories (BRLI) rose despite missing quarterly expectations. At the European Human Genetics Conference over the weekend, Complete Genomics, a unit of BGI (formerly Beijing Genomics Institute), previewed its Revolocity sequencing system, a “supersequencer” designed to deliver as many as 30,000 whole genome sequences
Red Hat (RHT) stock is hovering near 15-year highs, and the Linux software leader could deliver better-than-expected results when it reports its Q1 earnings after the market close June 18, says RBC. Matthew Hedberg, an analyst for RBC Capital Markets, raised his price target on the enterprise software company to 85 from 80, in a research report Monday. He maintained an outperform rating on Red Hat stock. Red Hat stock was up nearly 2% in morning