Baidu Inc. (ADR) (NASDAQ:BIDU) recently announced its 1Q14 results, i.e. quarter ending March 31, 2014. Total revenue for the firm was RMB 9.497 billion ($1.528 billion) in 1Q14, up by 59.1% from RMB 5.969 billion same period prior year. The operating profit stood at RMB 2.374 billion, up by 7.4% from RMB 2.210 billion in 1Q13. Net income attributable in 1Q14 was RMB 2.535 billion, a 24.1% increase from the same period last year. Diluted earnings per ADS for the 1Q14 were RMB 7.21; diluted earnings per ADS excluding share-based compensation expenses for the 1Q14 were RMB 7.69. Baidu Inc. (ADR) (NASDAQ:BIDU) shares after opening at $159.73 moved to $162.81 on last trade day and at the end of the day closed at $157.83. Company price to sales ratio in past twelve months was calculated as 10.63 and price to cash ratio as 8.72. Baidu Inc. (ADR) (NASDAQ:BIDU) showed a positive weekly performance of 1.73%.
General Motors Company (NYSE:GM) is recalling more than 55,000 vehicles. The automaker says it’s recalling Saturns due to gear shift problems. The recall affects models from 2007 and 2008 with four-speed transmissions. GM says a shift cable can fracture and if that happens while the car is moving, the driver won’t be able to shift into “park” or remove the key from the ignition. General Motors Company (NYSE:GM) shares ended the day on $34.75. GM return on equity ratio is recorded as 19.90% and its return on assets is 4.00%. General Motors Company (NYSE:GM) yearly performance is 10.18%.
A federal appeals court in New York rejected appeals by UBS AG (NYSE:UBS) shareholders seeking to hold the Swiss bank liable for their losses for having concealed its exposure to risky mortgage-backed securities and helping clients evade U.S. taxes. UBS AG (NYSE:UBS) shares moved up 0.34% in last trading session and was closed at $20.91, while trading in range of $20.82 – $21.08. UBS AG (NYSE:UBS) year to date (YTD) performance is 8.62%.
Hospira, Inc. (NYSE:HSP), an injectable drugs and infusion technology provider, believes its new specialized injectables plant in Vizag, India, will commence operations this years despite issues that have been raised by the U.S. Food and Drug Administration over the facility. Hospira, Inc. (NYSE:HSP) weekly performance is 2.02%. On last trading day company shares ended up $46.38. Hospira, Inc. (NYSE:HSP) distance from 50-day simple moving average (SMA50) is 7.16%. Analysts mean target price for the company is $43.64.