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Stock Market & Financial Investment News

News Breaks
December 3, 2013
08:04 EDTWDC, BIDUWestern 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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May 22, 2015
09:34 EDTBIDUActive equity options trading on open
Active equity options trading on open: AAPL BABA AMZN FB MU BIDU SDRL BAC INTC EXPE CHK FEYE
08:57 EDTBIDUNokia CEO says good bids received but no rush on selling HERE, Retuers reports
Nokia (NOK) CEO Rajeev Suri said the company has received high quality bids for its HERE maps unit, while declining to comment on bidders, but added that the company is in no hurry to sell, reported Reuters, citing comments made in an interview with trade magazine European Communications. Prior reports have indicated that Daimler's (DDAIF) Mercedes-Benz, Volkswagen's (VLKAY) Audi and BMW (BAMXY) are partnering with private equity firm General Atlantic in their pursuit of the unit, while Uber is said to be teaming up with Baidu (BIDU) and Apax Partners to also pursue a bid. Reference Link
May 21, 2015
09:15 EDTBIDUGerman automakers partnering with PE firm on bid for Nokia unit, Reuters says
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May 19, 2015
12:55 EDTWDCPC related stocks struggle after Morgan Stanley says PC turn won't come until Q3
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08:33 EDTWDCMorgan Stanley cautious in near-term on PC names
Morgan Stanley is more cautious on PC names near-term, given PC and HDD inventory builds quarter-to-date and weaker April ODM sales. The firm's analyst team continues to believe Q1 was a bottom in year-over-year growth, but now expects normal Q2 seasonal growth instead of above normal and thinks any recovery will likely be delayed until Q3. Morgan Stanley is cautiously optimistic on Western Digital (WDC) due to its diverse revenue drivers, sees value creation catalysts for Hewlett-Packard (HPQ) and believes Microsoft (MSFT) shares reflect the challenging PC market and Win 10. The firm is more cautious on semis such as NVIDIA (NVDA) given higher valuations, share loss at Advanced Micro (AMD), potential 2H margin pressure at Intel (INTC), and Morgan is cautious on PC DRAM stocks near-term due to weaker pricing.
May 18, 2015
13:37 EDTBIDUBaidu, Uber teaming up to pursue Nokia's maps unit, Bloomberg reports
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05:25 EDTBIDUBaidu makes multi-million dollar strategic investment in Taboola
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May 15, 2015
07:04 EDTWDCWestern Digital can reach $10+ EPS in fiscal 2017, says RBC Capital
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May 12, 2015
10:01 EDTWDCOn The Fly: Analyst Initiation Summary
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07:05 EDTWDCWestern Digital initiated with a Buy at Benchmark Co.
Target $117.
May 11, 2015
17:47 EDTBIDUBaidu launches internal anti-corruption probe, AFP says
Baidu has begun anti-corruption investigations against certain of its employees, reports Agence France-Presse, citing company statements. The report notes that Chinese media company Sina claimed Monday that the company is investigating three departmental directors. Reference Link
May 8, 2015
07:42 EDTBIDUAlibaba monetization has bottomed, price target to $137 at Nomura
Nomura believes Alibaba's (BABA) monetization is at an inflection point and that the company will see significant revenue upside in the next 3-5 years. The firm's checks indicate gross merchandise volume is recovering in both Taobao and Tmail and it expects Tmail to gain market share from JD.com (JD) again. Nomura believes Alibaba will have better terms of mobile monetization compared to Baidu (BIDU), since mobile landing page quality is less of an issue and e-commerce ads likely have higher click-through rates.

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