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Stock Market & Financial Investment News

News Breaks
April 28, 2014
11:46 EDTSOHU, YOKU, RENN, BIDUChinese Internet stocks drop after Sohu.com's results fall short
Shares of a number of Chinese Internet stocks are declining after one of the companies in the sector, Sohu.com (SOHU), reported weaker than expected results and guidance. WHAT'S NEW: Sohu.com, which provides online media, search and games, reported a first quarter loss of $1.26 per share, compared with analysts' consensus estimate of a $1.23 per share loss. The company's revenue was also slightly lower than expected. Moreover, Sohu.com estimated that it would report a Q2 loss per share of $1.25-$1.35, versus the consensus outlook of a 62c loss per share. WHAT'S NOTABLE: China has ordered all streaming video websites in the country to stop broadcasting four American TV shows: “The Big Bang Theory,” “The Good Wife,” “NCIS” and “The Practice,” The New York Times reported yesterday, citing employees of two unnamed online streaming websites. Publicly traded Chinese companies that stream TV shows include Sohu.com and Youku Tudou (YOKU), the newspaper stated. Also today, Youku Tudou, which focuses on Internet video, announced that it had received a $1.22B investment from Chinese ecommerce giant Alibaba Group and Yunfeng Capital. PRICE ACTION: In late morning trading, SINA (SINA) fell 1.4% to $47.50, Baidu (BIDU) retreated 6.7% to $152, Renren (RENN) gave back 1.5% to $3.25, and Sohu.com slid 6% to $54.50.
News For SOHU;YOKU;RENN;BIDU From The Last 14 Days
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October 21, 2014
08:07 EDTRENN, SOHURenren 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 EDTYOKUQihoo 360 launches ad exchange platform, Marbridge Daily reports
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