Shares of Chinese Internet bellwether Baidu.com fell more than 20% on Wednesday after two of the banks that managed the company's strong recent initial public offering initiated coverage of the stock with bearish comments ... Tribune on Wednesday reported a 0.9% year-over-year decline in August revenue as a 1.9% fall in publishing revenue outweighed a 1.5% increase in broadcasting and entertainment results ... General Electric Co. said Wednesday that it is on track to meet third-quarter and 2005 earnings estimates despite negative impacts of Hurricane Katrina, mainly on its reinsurance business ... Roger Schweitzer, head of corporate finance at Bertelsmann, has been named executive vp corporate treasury and finance at the German media giant.
- 9/14/2005
- The Hollywood Reporter - Movie News
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