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)

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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Indexes	Change	Price
DJIA	-106.00	13,972.69
NASDAQ	-50.55	2,761.06
S&P; 500	-13.10	1,549.37

Indexes

Change

Price

DJIA

-106.00

13,972.69

NASDAQ

-50.55

2,761.06

S&P; 500

-13.10

1,549.37

Sep	OCT	Dec
	11
2006	2007	2008

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