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Stock Market & Financial Investment News

News Breaks
February 1, 2013
08:22 EDTBIDU, QIHUBaidu Q1 revenue outlook may be weak, says Maxim
Maxim says Baidu's (BIDU) Q4 earnings and revenue are likely to beat consensus, but cautions the company's Q1 revenue outlook may be weak and that margins in the quarter could decline year-over-year. Maxim adds that its channel checks indicate that Qihoo 360 (QIHU) may have grabbed 10% of search ad budgets among certain advertisers in Q1. The firm reiterates a Sell rating on Baidu with an $80 price target.
News For BIDU;QIHU From The Last 14 Days
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February 10, 2016
05:57 EDTQIHUQihoo 360, others offer to buy Opera Software for $1.2B, WSJ reports
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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

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