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Stock Market & Financial Investment News

News Breaks
December 4, 2012
11:06 EDTSINA, BIDU, SOHU, NTES, CYOU, PWRD, YOKUChinese 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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October 24, 2014
14:55 EDTBIDUBaidu weekly volatility elevated into Q3 and outlook
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October 22, 2014
09:58 EDTSINASINA discloses resignation of EVP Chen
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October 21, 2014
10:00 EDTNTESOn The Fly: Analyst Upgrade Summary
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09:31 EDTNTESNetEase.com upgraded to Outperform from Neutral at Credit Suisse
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08:07 EDTSOHURenren rumored to plan sale of video platform to Sohu, Marbridge Daily says
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October 17, 2014
10:16 EDTSOHUHigh option volume stocks
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October 16, 2014
10:01 EDTBIDUOn The Fly: Analyst Upgrade Summary
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05:50 EDTBIDUBaidu upgraded to Outperform from Perform at Oppenheimer
Oppenheimer upgraded Baidu to Outperform with a $280 price target citing the recent pullback in shares and the company's increasing mobile market share.
October 13, 2014
08:06 EDTSINA, YOKUQihoo 360 launches ad exchange platform, Marbridge Daily reports
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