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Stock Market & Financial Investment News

News Breaks
April 28, 2014
11:46 EDTBIDU, SOHU, RENN, YOKUChinese 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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January 29, 2015
12:54 EDTBIDUOn The Fly: Midday Wrap
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10:00 EDTYOKUOn The Fly: Analyst Upgrade Summary
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09:17 EDTYOKUYouku Tudou upgraded to Neutral from Underweight at HSBC
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08:06 EDTBIDUHarman announces strategic collaboration with Baidu
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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
11:24 EDTRENNRenren invests $40M in Motif Investing
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