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Stock Market & Financial Investment News

News Breaks
February 28, 2014
07:24 EDTBIDUBaidu CFO sees no proift increase this year, WSJ reports
Baidu, the Chinese online search firm, doesn't expect a profit increase this year as the company continues to make investments, according to CFO Jennifer Li on a conference call with analysts, reports the Wall Street Journal. The company has been heavily spending heavily to migrate its desktop search advertising ability to mobile. Reference Link
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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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May 18, 2015
13:37 EDTBIDUBaidu, Uber teaming up to pursue Nokia's maps unit, Bloomberg reports
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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

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