Newspaper wrap-up: Baidu considering listing in Asia
Posted Nov 8th 2007 9:00AM by Eric Buscemi
Filed under: Newspapers, Magazines, Ford Motor (F), Consolidated Edison (ED), Akamai Technologies (AKAM)
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MAJOR PAPERS:
- According to the Wall Street Journal's (subscription required) "Heard on the Street" column, content firms such as Akamai Technologies (NASDAQ: AKAM) and Limelight Networks (NASDAQ: LLNW) are getting hammered, and there appears to be no letup in sight because while online traffic is up 60% a year over the last few years, those firm's shares are expensive and, says S&P's Scott Kessler, "There's plenty more room for [Akamai and Limelight] to fall."
- TiVo (NASDAQ: TIVO) is looking at a new revenue source -- being paid to give out market research to advertisers, reported the Wall Street Journal. The company plans to announce today that it will add demographic data, including age, income, marital status and ethnicity, about its viewers.
- The Financial Times (subscription required) reported that Ford (NYSE: F) is likely to have to pay any buyer of its Jaguar and Land Rover units because of a $2B pension deficit, according to people close to the situation.
OTHER PAPERS:
- The New York Times reported that Con Edison (NYSE: ED) was fined $18M for service disruptions in 2006, including the nine-day blackout in western Queens, NY.
- The Associated Press reported that Baidu (NASDAQ: BIDU) is considering listing on the Hong Kong and mainland China stock markets, according to the company's CEO.
Tags: akam, akamai, ap, associated press, AssociatedPress, baidu, bidu, con edison, ConEdison, ed, f, financial times, FinancialTimes, ford, limelight, llnw, newspaper, ny times, NyTimes, paper, periodical, tivo, wall street journal, WallStreetJournal, wsj
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