Baidu Inc. led the benchmark index of Chinese stocks traded in New York to its lowest level in 2013 on concern plans by the nation’s most-used search engine to spend more developing its technology will sap profitability.
Netflix Inc. , the mail-order and online movie-rental service, fell in Nasdaq trading after an analyst downgraded the stock, saying increased competition and a push into the international market will force it to spend more.
U.S. stocks advanced, giving the Standard & Poor’s 500 its biggest rally since August, after the leaders of France and Germany pledged a plan to support European banks and stem the region’s debt crisis.
Netflix Inc., scheduled to report fourth-quarter results today, will seek to reassure investors that it has stemmed a subscriber revolt in the U.S. and is making progress toward a profit in Europe and Latin America.
Apple Inc. , under growing scrutiny from antitrust regulators, may have to loosen restrictions on software developers and music labels to avoid legal wrangling with the government and prevent damage to how its brand is perceived by the public, lawyers and analysts said.
Netflix Inc. , the mail-order and online movie-rental service, said second-quarter profit rose 34 percent. The shares fell after sales missed analysts’ estimates and the company said it will spend for more exclusive content.