Baidu (NASDAQ: BIDU) and Microsoft (NASDAQ: MSFT) on Tuesday announced a deal that will allow Baidu users in China to see English search results powered by Microsoft's Bing’s search technology. The news has been confirmed by both companies and the service is expected to start later this year.
General Motors Co. (NYSE: GM) on Tuesday announce that its China sales increased 5.3 percent to an all-time record high of 1.27 million units in the first half of 2011. Shanghai General Motors Corp., GM's joint venture with SAIC Motor Corp, said sales of passenger cars rose 25 percent to 600,002 units. Conversely, GM's SAIC-GM-Wuling Automotive JV said sales of its mini-commercial-vehicle's fell 5.4 percent to 541,324 units. GM's joint-ventures in China recorded a 9.9 percent jump in June, to 193,878 units.
Immucor, Inc. (NASAQ: BLUD) announced Tuesday that it agreed to be acquired by TPG Capital for $27 per share in cash, or $1.973 billion. The takeover comes at a premium of approximately 30.2 percent over the closing share price on July 1, 2011. The agreement was unanimously approved by the Immucor Board of Directors and is expected to close in the second half of 2011.
Netflix, Inc. (NASAQ: NFLX) on Tuesday announced that it's launching unlimited TV shows and movies streaming instantly over the Internet to TVs and computers in 43 countries throughout Latin America and the Caribbean later this year."Upon launch, Netflix members from Mexico, Central America, South America and the Caribbean will be able to instantly watch a wide array of American, local and global TV shows and movies right on their TVs via a range of consumer electronics devices capable of streaming from Netflix, as well as on PCs, Macs and mobile devices," the company sai in a statement. Members in the region will be able to access Netflix in Spanish, Portuguese, or English, depending on their preference."
Clearwire Corp. (NASDAQ: CLWR) rallied more than 5% after Credit Suisse upgraded its rating on the company to Outperform from Neutral, citing network sharing negotiations with Sprint Nextel Corp. (NYSE: S) that may “create significant value for both parties.
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