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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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May 20, 2013
16:02 EDTBIDUOptions Update; May 20, 2013
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09:58 EDTSOHU, BIDURumor of Baidu in search deal with Sohu may be true, Forbes says
Rumors, citing an industry source, that Baidu (BIDU) has reached an agreement to purchase Sogou from Sohu.com (SOHU) in a complex swap transaction might be true, despite seemingly contradictory indications from Charles Zhang that seem to say that Sogou isn’t for sale, according to Forbes contributor Doug Young. Reference Link
09:50 EDTQIHUQihoo 360 price target raised to $48 from $42 at Maxim
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09:49 EDTBIDUBaidu rumored to be competing with Tencent to buy NetQin, TechinAsia says
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09:40 EDTBIDUActive equity option families trading
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09:26 EDTQIHUOn The Fly: Pre-market Movers
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09:00 EDTQIHUQihoo 360 rises 12.6%
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07:35 EDTQIHUQihoo 360 price target raised to $49 from $41 at Stifel
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07:29 EDTBIDUDeutsche Bank to host a conference
dbAccess Asia Conference 2013 is being held in Singapore on May 20-22.
06:05 EDTYOKUStocks with implied volatility movement; SPWR YOKU
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05:54 EDTBIDUBaidu considers IPO for its video site, Bloomberg reports
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May 19, 2013
18:36 EDTQIHUQihoo 360 sees Q2 revenue $142M-$144M, consensus $121.47M
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18:35 EDTQIHUQihoo 360 reports Q1 EPS 14c, consensus 14c
Reports Q1 revenue $$109.9 , consensus $106.30M.
May 17, 2013
15:44 EDTQIHUQihoo 360 volatility flat into Q1 and outlook
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10:44 EDTYOKUYouku Tudou drops sharply, levels to watch
The stock is down over 6.6% at time of writing, last at $19.67. At that price, next support is at $19.39, and then at $18.91. Resistance is at $20.64.
10:10 EDTSOHU, BIDUBaidu rumored to acquire Sohu unit Sogou, Marbridge Daily reports
Baidu (BIDU) has entered into an agreement to acquire Sohu's (SOHU) online search subsidiary Sogou for $2.0B-$2.5B, Marbridge Daily reports, citing an industry source. Note Bloomberg this morning reported that Sohu is seeking a strategic investment in its online search subsidiary. Reference Link
10:02 EDTSOHU, BIDUSohu.com seeking strategic for search unit, Bloomberg reports
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09:08 EDTSINASINA recommended at 86 Research
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05:44 EDTSINASINA shares still undervalued on Alibaba deal, says Piper Jaffray
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May 16, 2013
18:56 EDTSINAOn The Fly: After Hours Movers
UP AFTER EARNINGS: SINA (SINA), up 4.2%. ALSO HIGHER: Kansas City Southern (KSU), up 1.6% after it was announced the company would replace Dean Foods (DF) in the S&P 500 on May 23. DOWN AFTER EARNINGS: Autodesk (ADSK), down 6.5% after earnings, guiding its second quarter below expectations... Aruba Networks (ARUN), down 17.1% after earnings, guiding its fourth quarter below expectations... Nordstrom (JWN), down 3.5%... J.C. Penney (JCP), down 1.7%... Brocade (BRCD), down 2.4% after earnings, guiding its third quarter below expectations.
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