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Schaeffer's Sentiment Snapshot: Baidu.com, Inc. (BIDU)

^{Published on 2009-01-05 10:36:34, Last Modified on 2009-01-05 10:36:50 - Market Wire}
 

CINCINNATI--([ BUSINESS WIRE ])--The shares of Chinese Internet issue Baidu.com, Inc. (NASDAQ: BIDU) are higher in early afternoon trading, inching into the black despite a warning from Beijing.

More specifically, China's Internet Illegal Information Reporting Centre this morning announced that the Ministry of Public Security would crack down on major Web sites – including BIDU and Google (NYSE: GOOG) – in an effort to limit pornography. The government singled out 19 Internet service providers and Web sites that had ignored censors' warnings and failed to remove "vulgar" content.

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