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Stock Market & Financial Investment News

News Breaks
March 6, 2013
10:46 EDTSINA, SOHU, BIDU, QIHU, YOKU, CYOUChinese Internet stocks fall after Sohu denies rumor, Qihoo reports results
Several Chinese Internet stocks are retreating after a company in the sector, Sohu.com (SOHU), denied rumors that it's in talks with private equity firms about going private, which the company attributed to a report in the South China Morning Post. Sohu also denied that it has held talks about delisting its stock. In mid-morning trading, Sohu tumbled 9% to $44.50 while online game maker Changyou.com (CYOU), a Sohu subsidiary, slid 7% to $30. Meanwhile, Qihoo 360 (QIHU), which operates a search engine and sells Internet ads like Sohu, is sinking over 6% in mid-morning trading, despite reporting higher than expected fourth quarter earnings per share and providing higher than expected first quarter revenue guidance. Research firm Jefferies, however, downgraded Qihoo to Hold from Buy, citing the stock's valuation and the company's slowing profit growth. In mid-morning trading, microblog operator SINA (SINA) dropped 4% to $48, Internet video company Youku Tudou (YOKU) retreated 5.5% to $18 and Baidu (BIDU), which operates a Chinese language Internet search engine, fell 0.4% to $91.
News For SOHU;CYOU;QIHU;SINA;YOKU;BIDU From The Last 14 Days
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January 29, 2015
12:54 EDTBIDUOn The Fly: Midday Wrap
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10:00 EDTYOKU, CYOUOn The Fly: Analyst Upgrade Summary
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09:17 EDTYOKUYouku Tudou upgraded to Neutral from Underweight at HSBC
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08:46 EDTCYOUChangyou.com upgraded to Overweight from Underweight at HSBC
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08:06 EDTBIDUHarman announces strategic collaboration with Baidu
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January 28, 2015
10:06 EDTCYOUChangyou.com Q4 estimates raised above consensus at 86 Research
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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 EDTQIHU, SINA, YOKU, BIDUBofA/Merrill APAC equity derivatives analyst analyst/industry conference call
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