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Stock Market & Financial Investment News

News Breaks
February 4, 2013
16:36 EDTBIDUBaidu drops after earnings, first look
The company beat consensus earnings by 2 cents, but the shares are trading lower initially in the extended session. At the current price of $104.25, next support is at $99.32, a recent pivot low. This could be a quick head-fake move. Resistance is at $107.20, and then at $110.04.
News For BIDU 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

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