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News Summary: Profit growth slows at China's Baidu

PROFIT SLOWDOWN: Baidu Inc., which operates China's most popular search engine, says profit rose 8.5 percent in its latest quarter, to about $329 million. That's down from growth of 36 percent in the previous period. Full story

Baidu rejects "false" statement it plans to buy Zynga

(Reuters) - Chinese search engine firm Baidu Inc rejected as fake a press release issued on Monday that said it was to buy U.S. social gaming company Zynga Inc. Full story

China's Baidu developing digital eyewear similar to Google Glass

SHANGHAI (Reuters) - Baidu Inc <BIDU.O>, China's largest search engine, is developing prototype digital eyewear similar to Google Inc's <GOOG.O> Google Glass that will leverage Baidu's strengths in image search and facial recognition, a Baidu spokesman said on Wednesday. Full story

Baidu, China win dismissal of U.S. censorship lawsuit

(Reuters) - Baidu Inc on Monday won the dismissal of a U.S. lawsuit brought by pro-democracy activists who claimed that China's largest search engine operator, as well as the country itself, should be punished for censoring them over the Internet. Full story

Baidu partners France Telecom in Africa Internet push

LONDON (Reuters) - Chinese search engine company Baidu has teamed up with France Telecom to develop a mobile browser tailored to customers in Africa and the Middle East, a region both companies have prioritized for growth. Full story

China's dot-com darlings tap cheap global credit

HONG KONG/SHANGHAI (Reuters) - Chinese search engine company Baidu Inc paid a lower interest rate than Google Inc when it sold $750 million in 10-year bonds last month. Full story

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  Baidu Tumbles on Deutsche Bank Downgrade

Deutsche Bank cuts Baidu's price target to $137 from $186, with CNBC's Courtney Reagan. Andy Busch, BMO Capital Markets, explains whether you should sell the euro on the rally. And Will Duff Gordon, Markit Research, warns of value traps.

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Related Photos

An employee walks past the Baidu company signage outside its headquarters in Beijing
An employee walks past the Baidu company signage outside its headquarters in Beijing

An employee walks past the Baidu company signage outside its headquarters in Beijing, July 26, 2011. REUTERS/Soo Hoo Zheyang

The company logo of Baidu can be seen on its headquarters located in Beijing
The company logo of Baidu can be seen on its headquarters located in Beijing

The company logo of Baidu can be seen on its headquarters located in Beijing March 24, 2010. REUTERS/David Gray

A woman walks past the company logo of Baidu at its headquarters in Beijing
A woman walks past the company logo of Baidu at its headquarters in Beijing

A woman walks past the company logo of Baidu at its headquarters in Beijing February 10, 2010. REUTERS/Jason Lee

A photo illustration shows a graphic depicting a Chinese national flag flying atop of the disputed islands, being seen on the front page of Chinese search engine website Baidu, on a computer screen in Beijing
A photo illustration shows a graphic depicting a Chinese national flag flying atop of the disputed islands, being seen on the front page of Chinese search engine website Baidu, on a computer screen in Beijing

A photo illustration shows a graphic depicting a Chinese national flag flying atop of the disputed islands, called Senkaku by Japan and Diaoyu by China, being seen on the front page of Chinese search engine website Baidu, on a computer screen in Beijing, September 18, 2012. REUTERS/Stringer