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Stock Market & Financial Investment News

News Breaks
December 3, 2013
08:04 EDTBIDU, WDCWestern Digital and Baidu to integrate storage services
WD, a Western Digital company (WDC) and Baidu (BIDU) have agreed to integrate Baidu Yun public cloud storage services with WD's personal cloud and external storage platforms to provide Chinese consumers a hybrid digital storage solution. WD's My Cloud personal cloud drives, available now in China in capacities of 2 TB, 3 TB and 4 TB, enable consumers to organize, centralize and secure the digital content from all of their computers and mobile devices and access those files from any device and from anywhere in the world.
News For WDC;BIDU From The Last 14 Days
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November 27, 2015
09:36 EDTBIDUActive equity options trading on open
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November 17, 2015
11:10 EDTWDCMicron the most likely target for Tsinghua stake, says Macquarie
Macquarie analyst Deepon Nag highlighted yesterday that Tsinghua Unigroup Chairman Zhao Weiguo told Reuters in an interview that his company was in talks with a U.S. semiconductor company, and that a deal could be announced as early as the end of the month. Zhao stated that a majority stake was unlikely due to regulatory concerns. Given recent moves by China in the memory market, Micron (MU) is the most likely target for Tsinghua, Nag wrote in a note to investors. Tsinghua recently announced a 15% stake in Western Digital (WDC) at a 33% premium to the company's prior closing price. A similar premium for Micron would lead to a 15% stake in Micron for $20 per share, which would equal $3.4B, the analyst points out. Shares of Micron are up 46c, or 3%, to $15.35 in late morning trading. Nag has an Outperform rating on Micron with a $30 price target.
06:12 EDTBIDUBaidu to partner with Citic Bank to launch online bank, Financial Times reports
Baidu will partner with Citic Bank to launch an online bank, reports the Financial Times. China Citic Bank had suspended its shares in Shanghai and Hong Kong on Monday pending announcement of a "proposed external investment" while Baidu said it would make an announcement on Wednesday. Reference Link
November 15, 2015
13:12 EDTBIDUBaidu shares look attractive on O2O potential, Barron's says
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