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Stock Market & Financial Investment News

News Breaks
June 16, 2014
13:06 EDTDANG, QIHU, YHOO, BIDUYahoo falls after Alibaba says sales volume declined
Shares of Yahoo (YHOO) are declining after China's Alibaba, in which Yahoo has a significant stake, reported that its gross merchandise volume had fallen last quarter compared with the previous quarter. Alibaba is China's largest e-commerce website. WHAT'S NEW: Alibaba reported in a regulatory filing for its upcoming initial public offering that the gross merchandise volume on its China retail marketplaces had dropped to 430B yuan last quarter, down from 529B yuan during the previous quarter. Gross merchandise volume is the value of all merchandise sold on the website. Additionally, the company reported that its operating margin had dropped to 45.3% in the first quarter of 2014, from 51.3% during the same period a year earlier. Alibaba added that it would continue to make investments in a number of areas, including marketing and cloud computing. OTHERS TO WATCH: Dangdang (DANG) is another Chinese company that specializes in e-commerce, while Baidu (BIDU) and Qihoo 360 (QIHU) operate search engines in the Asian country. PRICE ACTION: In mid-afternoon trading, Yahoo fell 4.5% to $35.
News For YHOO;DANG;BIDU;QIHU From The Last 14 Days
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December 19, 2014
17:18 EDTYHOOYahoo reports 16.7% passive stake in Hortonworks
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December 17, 2014
13:44 EDTYHOOYahoo holders continue push for AOL merger, NY Times reports
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13:16 EDTBIDUBaidu, Uber confirm strategic partnership
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07:21 EDTQIHUQihoo 360 recent weakness a buying opportunity, says Nomura
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06:29 EDTQIHUQihoo 360 to take 45% stake in joint venture with Coolpad
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06:12 EDTBIDUBaidu to take stake in Uber, Reuters reports
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December 12, 2014
09:35 EDTBIDUActive equity options trading
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06:10 EDTBIDUBaidu to take stake in Uber, WSJ reports
Baidu (BIDU) will invest in cab service Uber Technologies, Wall Street Journal reports, citing a person familiar with the matter. Baidu said it plans to announce an investment in a U.S. startup on Dec. 17, the paper adds. Marbridge Daily yesterday reported that Baidu is rumored to invest up to $600M in Uber. Reference Link
December 11, 2014
10:17 EDTBIDU, YHOOCiti upbeat on Google in face of pending Apple decision on Safari
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09:11 EDTBIDUBaidu rumored to invest up to $600M in Uber, Marbridge Daily says
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08:09 EDTYHOO, BIDUGoogle shares pricing in loss of Apple search deal, says Citigroup
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