Baidu (BIDU) falls 5.9% after China's state TV accuses the firm of both failing to confirm...

|By:, SA News Editor

Baidu (BIDU) falls 5.9% after China's state TV accuses the firm of both failing to confirm advertiser credentials  - causing fake medicine ads to fool consumers - and running a rigged advertising bid process. Even before the negative report, S&P Equity cut its rating on shares to Buy from Strong Buy.