Sohu.com forecasts profit above expectations

"Monday October 27, 9:14 am ET Chinese Web portal Sohu.com predicts 4Q profit well above Wall Street's expectations NEW YORK (AP) -- Sohu.com Inc., a Chinese Web portal, forecast fourth-quarter earnings well above Wall Street's expectations on Monday, after reporting that...

Former London times editor appointed WSJ Boss

Robert Thomson, 47 yrs, an Australian compatriot of media moghul and new owner of Wall street Journal Rupert Murdoch has been appointed as new boss at WSJ, He has been a loyal lieutenant of the press baron for six years. At the end of last year, he moved from...

Wall Street Journal's Managing Editor to Leave Post

In a surprising development, the Wall Street Journal is reporting on its web sire that the paper’s managing editor, Marcus Brauchli, is planning to resign after less than a year on the job. The move comes four months after Rupert Murdoch's News Corp, the powerful owner of...

Thomson gets approval to buy Reuters for $16 Bn

After this almost $16 billion sale goes through, there will be only two companies "selling information and trading systems to the financial services industry". But the impact of 'reduced choice' is neglible, right? Big media consolidation can be good for us, can't it?"Thomson...

Indonesian shares outlook - Lower on falls in Asian, US markets

""We cannot fight the trend. If the region is going down, we will just follow suit," said Nico Suherman, an analyst at Panin Securities.The fact that Wall Street closed lower Friday after President Bush announced a 145 billion dollar economic stimulus plan has raised doubts...

Bank Indonesia`s key rate may have hit bottom but still conducive for growth

"Bank Indonesia, the country's central bank, announced Thursday that it has cut its benchmark BI rate by 25 basis points to 8.0 percent, saying its inflation target is achievable and the risk stemming from the oil price spike is under control. Over the past four monthly...

ScholarOne awarded two patents for innovative technology

"The two patents, United States Patent 7,257,767 ("System and method for publishing documents") and United States Patent 7,263,655 ("System and method for publishing manuscripts") were issued in August 2007. "We decided to pursue these patents because we believe the processes...

Asian currencies mostly down against dollar

"Japanese yen : The yen has hovered around an 18-month high against the dollar in the past week as investors shunned risk amid credit market concerns and worries the US economy was losing momentum. The Japanese currency rallied to the week's high of 109.22 to the dollar on...

Indonesian economy seen up 6.4 pct in 2008 on higher investment - World Bank

"The Indonesian economy is expected to grow by 6.4 percent in 2008 from an estimated 6.3 percent this year, supported by higher investment and vibrant domestic demand, the World Bank said Thursday. In its semi-annual report on the regional economies, the World Bank said...