Newspaper wrap-up: Yahoo (YHOO) considering selling Kelkoo
Posted Oct 3rd 2007 9:10AM by Eric Buscemi
Filed under: Newspapers, Magazines, Google (GOOG), Yahoo! (YHOO), Citigroup Inc. (C), Countrywide Financial (CFC), Sun Microsystems (JAVA)
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MAJOR PAPERS:
- With its reputation at stake, Countrywide Financial Corporation (NYSE: CFC) has launched an aggressive PR offensive beginning inside the firm, reported the Wall Street Journal (subscription required).
- Barron's Online's (subscription required) "Inside Scoop" section reported that on Friday, two days after the stock dipped to $12.07, a 6-year low, Borders Group Inc (NYSE: BGP) CEO George Jones bought 50K shares, his first open market purchase since joining the retailer.
- The Financial Times (subscription required) reported that Citigroup Inc (NYSE: C) CEO Chuck Prince is waiting for a review of the company's $3.3B in losses and writedowns in its banking business for Q3 before deciding whether to fire executives as a result of the poor performance, according to senior Citigroup executives.
- Yahoo Inc (NASDAQ: YHOO) said it was considering selling Kelkoo, the online shopping comparison service that it acquired in 2004, admitting the acquisition did not pan out as planned, reported the Financial Times.
WEBSITES:
- Sun Microsystems (NASDAQ: JAVA) is going to combine its storage and server product teams to create a new converged group called the Systems team, Sun Microsystems CEO Jonathan Schwartz wrote in his blog.
- Henry Blodget made a case for Google's (NASDAQ: GOOG) stock going to $2,000 a share at AlleyInsider.com.
Tags: alleyinsider.com, barron's, barrons, bgp, borders, cfc, citigroup, countrywide, financial times, FinancialTimes, ft, goog, google, inside scoop, InsideScoop, java, newspaper, paper, periodical, sun micro, SunMicro, wall street journal, WallStreetJournal, wsj, yahoo, yhoo
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