Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA)’s shares gained 0.66% to $4.61. The company on May 30 said its April 2014 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae’s monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, serious delinquency rates, and loan modifications.
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Additionally, the company on May 16 priced its fifth Multifamily DUS REMIC in 2014 totaling $1.24 billion under its Fannie Mae Guaranteed Multifamily Structures program on May 9, 2014.
Tesla Motors Inc (NASDAQ:TSLA)’s shares gained 0.61% to $208.17. The company’s Model S has received top points from the Automobile Association of America’s Green Car Guide along with Toyota Motor Corp.’s (TM) RAV4 EV. These vehicles surpassed the scores of the Audi A7 TDI, the Lexus GS and Nissan Motor Co. Ltd.’s (NSANY) Leaf.
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Additionally, the company on May 7 reported a first-quarter loss. Revenue rose to $620.5 million in the latest quarter compared to $561.8 million a year earlier. The company said it lost $49.8 million in the first quarter compared to a profit of $11.2 million in the same period a year earlier.
Twitter Inc (NYSE:TWTR)’s shares declined 1.65% to $33.33. The company on June 5 agreed to buy Namo Media as the microblogging site seeks to bolster its reach in mobile advertising. Twitter announced the acquisition in a blog post, without releasing financial terms of the deal. As Twitter competes with Facebook Inc. (FB) and Google Inc. (GOOG) in the market for mobile ad dollars, the purchase of Namo Media brings technology for so-called native advertising, a strategy that blends ads with the rest of a website. Using its ad network, acquired in last year’s purchase of MoPub, Twitter has said it can reach more than 1 billion phones.
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Additionally, Topeka Capital commented on Twitter on June 4, highlighting the potential in ad revenue growth for the social media site. The firm said, “From our checks we understand that while Twitter’s ad products are newer, there is a lot of excitement from advertisers about Twitter as an ad platform, and more ad budgets are flowing towards Twitter.