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Stock Market & Financial Investment News

News Breaks
January 10, 2014
11:23 EDTBIDU, QIHUBaidu rises after analyst upgrades stock
Shares of Chinese Internet search engine Baidu (BIDU) are advancing after research firm Maxim Group upgraded the stock in a note to investors earlier today. WHAT'S NEW: Baidu is the leader in both the PC and mobile search markets in China, Maxim analyst Echo He wrote in a note to investors. Moreover, the growth of Baidu's average revenue per user accelerated in the third quarter, demonstrating the company's pricing power and growing ad revenues, He contended. She thinks the factors pushing up the company's profit margins are likely to outweigh those pulling it down going forward. The analyst upgraded the stock to Buy from Hold, and set a $200 price target on the shares. WHAT'S NOTABLE: One of Baidu's key competitors in the Chinese Internet search market is Qihoo 360 (QIHU). PRICE ACTION: In late morning trading, Baidu.com rose $2.80, or 1.6%, to $178.
News For BIDU;QIHU From The Last 14 Days
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May 22, 2015
09:34 EDTBIDUActive equity options trading on open
Active equity options trading on open: AAPL BABA AMZN FB MU BIDU SDRL BAC INTC EXPE CHK FEYE
08:57 EDTBIDUNokia CEO says good bids received but no rush on selling HERE, Retuers reports
Nokia (NOK) CEO Rajeev Suri said the company has received high quality bids for its HERE maps unit, while declining to comment on bidders, but added that the company is in no hurry to sell, reported Reuters, citing comments made in an interview with trade magazine European Communications. Prior reports have indicated that Daimler's (DDAIF) Mercedes-Benz, Volkswagen's (VLKAY) Audi and BMW (BAMXY) are partnering with private equity firm General Atlantic in their pursuit of the unit, while Uber is said to be teaming up with Baidu (BIDU) and Apax Partners to also pursue a bid. Reference Link
May 21, 2015
09:15 EDTBIDUGerman automakers partnering with PE firm on bid for Nokia unit, Reuters says
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08:34 EDTQIHUQihoo 360 announces strategic partnership with Huayuan Group
Qihoo 360 and Huayuan Group have formed a strategic partnership to promote the adoption of smart home and security technologies in China's real-estate market. Under the agreement, Qihoo 360 will design and provide intelligent home security products and management systems for Huayuan's real-estate developments. These will include intelligent surveillance cameras, security routers, location- and health-tracking wearables, electrical appliance safety alarms, intelligent gas and fire alarms, and other devices to help Huayuan improve and optimize existing security systems and establish new intelligent home security management systems.
May 20, 2015
10:16 EDTQIHUHigh option volume stocks
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May 19, 2015
18:03 EDTQIHUQihoo 360 up 1.2% after reporting Q1 results
18:02 EDTQIHUQihoo 360 sees Q2 revenue $435M-$445M, consensus $437.23M
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18:01 EDTQIHUQihoo 360 reports Q1 EPS 57c, consensus 49c
Reports Q1 revenue $384.4M, consensus $378.12M.
15:00 EDTQIHUNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Analog Devices (ADI), consensus 72c... Autodesk (ADSK), consensus 28c... Computer Sciences Corporation (CSC), consensus $1.20... Qihoo 360 Technology (QIHU), consensus 49c... Keysight Technologies (KEYS), consensus 65c... Nordson (NDSN), consensus 86c... ViaSat (VSAT), consensus 42c... Dycom Industries (DY), consensus 37c.
14:22 EDTQIHUQihoo 360 technical notes before earnings
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May 18, 2015
13:37 EDTBIDUBaidu, Uber teaming up to pursue Nokia's maps unit, Bloomberg reports
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10:03 EDTQIHUQihoo 360 Technology May weekly volatility increases into Q1
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05:25 EDTBIDUBaidu makes multi-million dollar strategic investment in Taboola
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May 11, 2015
17:47 EDTBIDUBaidu launches internal anti-corruption probe, AFP says
Baidu has begun anti-corruption investigations against certain of its employees, reports Agence France-Presse, citing company statements. The report notes that Chinese media company Sina claimed Monday that the company is investigating three departmental directors. Reference Link
May 8, 2015
11:18 EDTQIHUQihoo 360 launches smartphone with partner, WantChinaTimes says
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07:42 EDTBIDUAlibaba monetization has bottomed, price target to $137 at Nomura
Nomura believes Alibaba's (BABA) monetization is at an inflection point and that the company will see significant revenue upside in the next 3-5 years. The firm's checks indicate gross merchandise volume is recovering in both Taobao and Tmail and it expects Tmail to gain market share from JD.com (JD) again. Nomura believes Alibaba will have better terms of mobile monetization compared to Baidu (BIDU), since mobile landing page quality is less of an issue and e-commerce ads likely have higher click-through rates.

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