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After recently getting funded, SocialPicks has entered into a partnership with Reuters to create a joint network called Stock Buzz. The new destination will feature tools to share investment ideas and to track the performance of Reuters users.
MoneyControl.com has launched Markets on Mobile for Blackberry users. The mobile version of the financial portal features stock quotes, business news and a portfolio service. MoneyControl.com is India's most popular financial portal.
Morningstar, the U.S. research firm known for its five-star
mutual-fund rankings, has announced a deal to buy the Hemscott financial-data unit of
Ipreo Holdings LLC for $51.6 million. The deal includes Hemscott India, which performs data-collection services in India as well as Hemscott.com, a free investment research Web site that attracts more than 320,000 users a month.
SocialPicks has raised $500,000 from Bay Partners to build out its social investment community that draws on the wisdom of the crowds to discover and share investment ideas. The service goes one step further by scoring and ranking the performance of its users.
Network18 has announced plans to launch a business magazine in India in partnership with Forbes Media, publishers of Forbes. Network18 is one of India's largest media conglomerates with holdings in television and operates MoneyControl.com, India's most popular financial portal.
eSignal has unveiled a new version of Quote.com, a financial portal with global coverage. The website features enhanced interactive stock charts, an updated portfolio manager, and a new personal finance section.
Bankrate.com has acquired two companies in separate transactions. Nationwide Card Services markets a line of consumer and business credit cards through its website and network of more than 500 affiliates. Savingforcollege.com LLC provides information about 529 college savings plans.
