Baidu Inc (NASDAQ:BIDU) faced declines as U.S.-traded Chinese stocks declined after a U.S. Securities and Exchange Commission judge ruled that the Chinese units of the world’s top accounting firms should be suspended from auditing U.S.-listed Chinese companies. Baidu Inc (ADR) (NASDAQ:BIDU), stock opened at $160.60 in last session, and closed at $161.37, while the day range of stock is $159.00-$165.33 The stock showed a negative weekly performance of -6.72%.
Sina Corp. (NASDAQ:SINA) is on top of the oversold China stock chart this morning. Well, Sina Corp. (NASDAQ:SINA) had its own share of a free fall on Thursday as well thanks to a $5 drop. SINA Corp (NASDAQ:SINA), stock opened at $71.58, in last session and closed at $70.03, by losing -3.42%. The 52 week range of the stock is $45.54-$92.83. Company’s market capitalization is $4.67billion.
First Solar Inc. (NASDAQ:FSLR) announced Thursday a $375,000 donation to the Imperial Valley College Foundation. The gift was designed to create an endowment in perpetuity that will allow the college to grant local students studying engineering, science and math scholarships and funding for internships annually. First Solar, Inc. (NASDAQ:FSLR), stock decreased -3.51% and finished the last session at $48.67. The EPS of the stock remained 4.74. Company’s market capitalization is $4.75billion.
LDK Solar Co., Ltd (ADR) (NYSE:LDK) announced that it has entered into a new 21-day forbearance arrangement with holders of a majority in aggregate principal amount of its US$-Settled 10% Senior Notes due 2014 (the “Notes”). LDK Solar Co., Ltd (ADR) (NYSE:LDK), stock opened the session at $1.15, and closed the session at $1.12. The 52 week range of the stock remained $0.93-$2.17 and the day range was $1.10-$1.15.
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