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Stock Market & Financial Investment News

News Breaks
December 4, 2012
11:06 EDTPWRD, SOHU, CYOU, BIDU, YOKU, NTES, SINAChinese Internet stocks fall after SEC charges accounting firms
Chinese Internet stocks are sinking after the SEC charged the Chinese subsidiaries of the four major U.S. accounting firms with violating securities laws for refusing to produce paperwork connected to fraud at nine Chinese companies, according to The Financial Times. The SEC may have created a "Catch 22" situation for Chinese companies listed in the U.S., as Chinese law prevent the companies from sharing audit documents with foreign companies, the newspaper noted. In a note to investors earlier today, Wells Fargo analyst Trace Urdan wrote that delisting may be "economically prudent" for some Chinese companies. In mid-morning trading, SINA (SINA) fell 6.38% to $42.55, BIDU (BIDU) dropped 4.75% to $91.35, Sohu.com (SOHU) slid 3.18% to $38.32, NetEase (NTES) gave back 3.94% to $42.00, Changyou.com (CYOU) lost 1.50% to $24.37, Youku Tudou (YOKU) declined $1.19, or 7.18% to $15.38 and Perfect World (PWRD) dropped 3.10% to $10.78.
News For SINA;BIDU;SOHU;NTES;CYOU;PWRD;YOKU From The Last 14 Days
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January 26, 2015
07:35 EDTBIDUChinaNet Online launches Business Direct 3.0 with Baidu
ChinaNet Online (CNET) announced the launch of Business Direct 3.0 in cooperation with Baidu Direct Reach of Baidu (BIDU).
January 23, 2015
05:30 EDTBIDUiQIYI, NVIDIA announce strategic partnership to establish R&D center
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January 20, 2015
07:29 EDTCYOUChangyou.com upgraded to Outperform from Neutral at Credit Suisse
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January 16, 2015
11:02 EDTSINA, NTES, YOKU, BIDUBofA/Merrill APAC equity derivatives analyst analyst/industry conference call
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07:02 EDTNTESNetEase forms strategic partnership with Sinotrans
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January 14, 2015
09:36 EDTBIDUActive equity options trading
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January 12, 2015
14:35 EDTBIDUNuance calls active after blog predicts possible Baidu buyout
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14:12 EDTBIDUNuance ticks higher after blog predicts possible Baidu buyout
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