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Stock Market & Financial Investment News

News Breaks
March 3, 2014
06:57 EDTLAS, SOHULentuo International enters partnership with Sohu Auto
Lentuo International (LAS) announced that it has signed an agreement with Sohu Auto, a business unit of Sohu.com (SOHU), to create a fully integrated online-to-offline platform for pre-owned cars in China. Sohu Auto will act as online marketing partner for this platform. The platform will expand Lentuo's ability to reach a larger group of car buyers and allow it to meet the demand from younger Chinese who increasingly shop for cars on the internet. Under the terms of the agreement, Lentuo will act as the exclusive after-sales service provider for pre-owned cars certified by Sohu as long as Lentuo meets Sohu's standards. On the physical side of the platform, Lentuo announced on February 18 that it will convert an existing new car showroom in South Beijing into an integrated pre-owned flagship store for mid-to-high end cars. The online side of the platform will leverage Sohu Auto's technological knowledge and IT resources to enhance the O2O platform and build big data analytical tools. The two parties plan to expand the platform to the rest of the country in the future.
News For LAS;SOHU From The Last 14 Days
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July 27, 2015
14:25 EDTSOHUSohu.com sales missed when excluding Webgame, says Summit Research
Summit Research analyst Henry Guo says Sohu.com's sales in Q2 missed expectations when excluding the Webgame business, which was not included in guidance and will be divested in Q3. The "relatively soft" Q3 guidance is mainly due to gaming business uncertainty and early stage of mobile portal initiatives, Guo tells investors in a post-earnings research note. He keeps a Hold rating on Sohu.com with a $50 price target, but thinks the Sogou initial public offering is likely this year and could help unlock value.
09:21 EDTSOHUOn The Fly: Pre-market Movers
HIGHER: Magnetek (MAG), up 53.5% after Columbus McKinnon (CMCO) agrees to acquire the company... Xueda Education (XUE), up 40.6% after merging with Xiamen Insight Investment... Box (BOX), up 4.6% after being upgraded to Overweight from Sector Weight at Pacific Crest... Goodrich Petroleum (GDP), up 6.4% after announcing sale of proved reserves and a portion of Eagle Ford leasehold. NOTABLE: Teva Pharmaceutical (TEVA), up 10.7% after acquiring Allergan Generics... Allergan (AGN) is up 6.3%... Mylan (MYL), down 14% after Teva withdraws proposal to acquire the company... Perrigo (PRGO), up 3% after Teva withdraws proposal to acquire Mylan. DOWN AFTER EARNINGS: Sohu.com (SOHU), down 6%... Changyou.com (CYOU), down 10.1%. ALSO LOWER: Bellerophon (BLPH) down 63% after announcing results of BCM clinical trial... Terex (TEX), down 4% after being downgraded to Sell from Neutral at Goldman... Ultragenyx Pharmaceutical (RARE), down 3.5% after being downgraded to Equal Weight from Overweight at Morgan Stanley...
05:35 EDTSOHUSohu.com sees Q3 EPS (55c)-(80c), consensus (39c)
Sees Q3 revenue $470M-$500M, consensus $530.17M.
05:34 EDTSOHUSohu.com reports Q2 adjusted EPS (37c), may not compare to consensus (80c)
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July 24, 2015
13:12 EDTSOHUSohu.com technical notes ahead of earnings news
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