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Stock Market & Financial Investment News

News Breaks
March 6, 2014
08:19 EDTBIDU, CTRPBaidu invests $300M in travel website, WantChinaTimes says
Chinese search engine Baidu (BIDU) has invested $300M in China's leading travel booking website, Qunar, according to WantChinaTimes, which cited Chinese-language newspaper Morning Post. The move has caused speculation that Qunar's rival, Ctrip.com (CTRP), could seek financial support from other major Chinese Internet players, WantChinaTimes stated. Reference Link
News For BIDU;CTRP From The Last 14 Days
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February 5, 2016
06:33 EDTBIDUChinese public growing unhappy with Baidu, WSJ says
The people of China are becoming unhappy with Baidu, and the internet search giant needs to exercise a balance to maintain profit and public interest, Wall Street Journal columnist Li Yuan says. Yuan brings up the example of Pan Longfei, a man with a rare heart and kidney disease who was led astray to a private hospital featured on a sponsored link on Baidu, when a public hospital in Guangzhou was able to properly diagnose and treat his condition better. Baidu is the largest search engine in China with approximately 80% of the market, the report says. Pan joined a revolt against Bauidu after seeing a post claiming that Baidu populated the web with information from shoddy businesses, including a hospital which reportedly didn't have a medical license, the report says. Reference Link
January 31, 2016
20:43 EDTCTRPOn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Coca-Cola (KO) announced a minority stake in diary and juice company Chi, with plans to take full ownership within three years. 2. Billionaire investor Nelson Peltz is considering taking an activist position in Time Warner (TWX), the New York Post reported. 3. Toyota (TM) could temporarily halt domestic production after an explosion at a key supplier curbed its supply of steel, Reuters said. 4. Investigations into Herbalife (HLF), as well as investigations into Bill Ackman himself, have fizzled and criminal charges look unlikely, the Wall Street Journal revealed. 5. Virtu Financial (VIRT) and Ctrip (CTRP) were discussed positively by Barron's this week, as well as "tech bargains" Autodesk (ADSK), Akamai (AKAM), Western Digital (WDC), SanDisk (SNDK) and Lam Research (LRCX) and attractive banking stocks Citi (C), JPMorgan (JPM), Bank of America (BAC) and Wells Fargo (WFC).
14:02 EDTCTRPCtrip shares could rise 30% in a year, Barron's says
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January 25, 2016
16:11 EDTCTRPCtrip.com reports 16.6% stake in MakeMyTrip
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