The Baidu Bull, New Ford Notes, Big Banks Battle Fed Reserve

Baidu (NASDAQ:BIDU): Following a meeting with the Baidu’s CFO, Jefferies thinks that the company’s Q2 is currently tracking well. Jefferies also believes that Baidu’s 2H12 outlook appears stable, and growth should be seen in FY12 as a result of ARPU increases and customer growth. Baidu has both optimism and concerns regarding the growth of mobile Internet, but Jefferies maintains a Buy rating on the stock and a 200 price target.

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Bank of America Corp (NYSE:BAC): According to the WSJ, Federal officials are widening investigations regarding mortgage lenders who use a well-known, federally funded, mortgage program. This may force banks to pay for some of the Federal Housing Administration’s increasing cost losses. Bank of America could be among the culprit banks targeted in the investigation.

Citigroup Inc. (NYSE:C): The Federal Reserve issued a proposal requiring banks to maintain high quality capital equal to 7% of their risk-type assets, in response to big bank resistance toward the policy, reported Reuters.

Ford Motor (NYSE:F): The automaker intends to sell five-year notes beginning as soon as today, Bloomberg reports citing sources. Ford could pay a spread over 100 basis points lower than the premium on its most recent sale of five-year notes, in January.

General Electric (NYSE:GE): As the U.S. begins to remove investment restrictions in Myanmar, Chevron and GE seek deals to try to catch up with global rivals, including France’s Total and Thailand’s PTT, who are already using Myanmar’s nearly untouched oil and gas wealth.  Though CVX has held a stake in a gas project in the area for a considerable amount of time, it has not expanded its operations because of U.S. sanctions.

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