Baidu Leads These 4 Active Stocks
Baidu Inc. (NASDAQ:BIDU) is introducing a low-cost smartphone that runs the company’s latest mobile operating software, according to a Wall Street Journal report. The firm currently dominates the Internet search field in China, and is focusing upon reinforcing its presence in the mobile-device field as well.
Investing Insights: Baidu Seeks This New Market in China.
JPMorgan Chase & Co’s (NYSE:JPM) trading loss illustrates the necessity of reform on Wall Street, and that government intervention might have been required had the event occurred at less stable banks, says President Obama, from a Reuters report.
Macquarie Group, Principal Financial Group (NYSE:PFG) and Singapore’s United Overseas Bank are among potential buyers that submitted offers for ING’s (NYSE:ING) Asian asset management division which could be worth between $500 million and $600 million, according to sources to Reuters.
Blackstone Group (NYSE:BX) and TPG Capital are among worldwide companies that are being rejected in China as favored investors, in favor of investments made by Chinese firms themselves, says a Bloomberg report.
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Investing Insights: Geithner: Regulators Are Taking a Closer Look at JPMorgan’s Blunder.