International Business News - MELI http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif MercadoLibre Inc., the online auctioneer, said Tuesday that the company more than doubled third-quarter earnings, beating Wall Street estimates. The Buenos Aires, Argentina-based company said profit rose to $5.9 million, or 13 cents per share, from $2.8 million, or 7 cents per share, in the year-ago period. Excluding one-time charges, the company said it would have earned 14 cents per share. http://www.ibtimes.com/articles/20081111/mercadolibre-doubles-3rd-quarter-profit.htm Tue, 11 Nov 2008 19:32:25 EST EBay Inc. said Thursday it received preliminary conditional approval from South Korean regulators for its potential purchase of a stake in Gmarket Inc., operator of an online marketplace in that country. http://www.ibtimes.com/articles/20080925/ebay-gets-conditional-ok-for-stake-in-korean-site.htm Thu, 25 Sep 2008 14:25:40 EDT Buenos Aires, Argentina-based online auction site operator MercadoLibre Inc. said Tuesday that it agreed to pay $40 million in cash and a promissory note for online trading platform DeRemate's operations. http://www.ibtimes.com/articles/20080826/mercadolibre-to-pay-40m-for-deremate-operations.htm Tue, 26 Aug 2008 09:52:41 EDT The online auction company eBay Inc. said Wednesday it is in talks to buy a minority stake in the South Korean online marketplace operator Gmarket. The talks are with Interpark Corp. and its chairman, Ki Hyung Lee, who own a combined 37 percent of Gmarket. Yahoo Inc. also owns a stake in Gmarket. http://www.ibtimes.com/articles/20080813/ebay-in-talks-to-buy-minority-stake-in-gmarket.htm Wed, 13 Aug 2008 16:07:47 EDT Among the earnings stories for Wednesday, Aug. 13, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20080813/earnings-roundup-tribune-abraxis-bioscience.htm Wed, 13 Aug 2008 13:39:02 EDT Shares of MercadoLibre Inc. fell Wednesday even though the Buenos Aires, Argentina-based online auction site operator reported second-quarter earnings that more than quadrupled on gross merchandise and total payment volume growth. http://www.ibtimes.com/articles/20080813/mercadolibre-shares-fall-after-2q-report.htm Wed, 13 Aug 2008 12:55:19 EDT Among the stock activity stories for Wednesday, July 9, from AP Financial News: NEW YORK (AP)--Shares of SGX Pharmaceuticals Inc. surged Wednesday after pharmaceutical giant Eli Lilly & Co. said it would spend about $64 million to buy the company in a bid to expand its biotechnology footprint. http://www.ibtimes.com/articles/20080709/movers-roundup-sgx-pharma-charming-shoppes.htm Wed, 09 Jul 2008 14:28:26 EDT Among the sector activity stories for Wednesday, July 9, from the AP Financial News: NEW YORK (AP)--Online retail stocks traded mixed Wednesday, with shares of MercadoLibre Inc. leading the gainers after the company's chief executive ended a prearranged trading plan--a move an analyst said could boost the shares. http://www.ibtimes.com/articles/20080709/sector-roundup-online-retail-bottlers.htm Wed, 09 Jul 2008 14:15:48 EDT Online retail stocks traded mixed Wednesday, with shares of MercadoLibre Inc. leading the gainers after the company's chief executive ended a prearranged trading plan--a move an analyst said could boost the shares. http://www.ibtimes.com/articles/20080709/sector-snap-online-retail-stocks-trade-mixed.htm Wed, 09 Jul 2008 13:55:37 EDT Shares of MercadoLibre Inc. rose Wednesday after the company reported its chief executive terminated a prearranged trading plan--an action that an analyst said could help the stock. http://www.ibtimes.com/articles/20080709/mercadolibre-rises-after-ceo-ends-trading-plan.htm Wed, 09 Jul 2008 18:14:28 EDT A Stifel Nicolaus analyst starting coverage of MercadoLibre Inc. shares on Friday with a "Buy" rating and $48 price target, saying he expects the online auctioneer to generate almost $2.1 billion in gross merchandise value in 2008. http://www.ibtimes.com/articles/20080627/analyst-starts-mercadolibre-with-buy-rating.htm Fri, 27 Jun 2008 15:03:49 EDT