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Stock Market & Financial Investment News

News Breaks
March 10, 2014
09:24 EDTBIDUBaidu may need partner to obtain banking license, China Daily says
The CEO of Chinese online search giant Baidu said it could look to partner with another company in order to obtain a private banking license, according to China Daily. Baidu might not get a license if it applies on its own, the newspaper quoted the CEO as saying. Reference Link
News For BIDU From The Last 14 Days
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August 31, 2015
05:44 EDTBIDUBaidu upgraded to Buy from Hold at Jefferies
Jefferies analyst Cynthia Meng upgraded Baidu to Buy saying concerns around search ad spending are overdone. Recent channel checks with top ad agents indicated "strong traction" for performance-based ads, with any cuts to ad budgets being mostly offset by more allocation toward key word search from display ads, Meng tells investors in a research note. At current levels, Meng believes Baidu shares have largely priced in reduced earnings growth expectations. She keeps a price target of $210 for the stock. The Chinese search giant closed Friday up 7c to $152.13.
August 24, 2015
05:57 EDTBIDUStocks with implied volatility below IV index mean; BIDU GOOG
Stocks with implied volatility below IV index mean; Baidu (BIDU) 41, Google (GOOG) 31 according to iVolatility.
August 20, 2015
07:20 EDTBIDUCitigroup to hold a conference
Hong Kong / China Corporate Day is being held in Hong Kong on August 20.

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