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Stock Market & Financial Investment News

News Breaks
February 27, 2014
07:41 EDTBIDUBaidu downgraded at Morgan Stanley
As previously reported, Morgan Stanley downgraded Baidu to Equal Weight from Overweight. The firm downgraded shares due to lower than expected margins due to increased investments. Price target cut to $179.50 from $185.40. Note that Stifel upgraded shares to Buy today.
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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