Best of the Blogs: China's Real-Name Regulations Still a Threat, Warns Sina
By Kathleen Culliton Apr 30, 2012 11:05 am
Minyanville's daily roundup of some of the best financial commentary from around the Web.
This column highlights the most interesting and useful business and financial commentary from around the Web each day. Use our comments section to post your own suggestions for blog content that you've read or written.
Wall Street Journal: China Real Time Report
"The deadline for real-name registration on China’s Twitter-like microblogging sites has come and gone and, to the relief of some, has been uneventful. Users who haven’t verified their identities can still post messages on their microblogs, called weibo in Chinese. Sina Weibo and Tencent Weibo are still up and running, despite a recent crackdown on content. But Sina Corp (SINA) has escalated its warnings to investors that the rules requiring weibo sites to verify the identities of users remain a major threat to the future of weibo. The company’s annual report filed with the U.S. Securities and Exchange Commission this month added the real-name rules to an already long list of regulatory risks that come with owning an Internet business in China.'We are required to, but have not, verified the identities of all our users who post on Weibo,' it said. “Our noncompliance exposes us to potentially severe punishment by the Chinese government.'" (Also read China: Starbucks, China Mobile, and Sina Weibo Are in the News.)
The Motley Fool
Link: What Could Move the Dow This Week
Link: What Could Move the Dow This Week
"The Dow Jones Industrial Average (^DJI) gained nearly 200 points last week, to finish at 13,228. The four-day run up was enough to push the blue chips 36 points from their highest close since 2007. Strong earnings and good news out of the housing market overcame a disappointing first-quarter GDP figure and trouble out of Europe with the U.K. and Spain slipping into recession. Let's take a look at events that are likely to drive markets over the coming the week. Two Dow stocks will report earnings: pharmaceutical giant Pfizer (PFE) on Tuesday, and Kraft (KFT ) on Thursday. Pfizer shareholders will gain insight into sales of newer drugs such as Inylta, which treats kidney cancer, as the company deals with the consequences of having Lipitor, the most profitable drug in the industry's history, come off patent. Pfizer also announced just last week that it will sell its infant-nutrition division to Nestle for $11.85 billion, a move that should also merit some attention on the call." (Also read Market at Major Crossroads.)
"How much is Microsoft (MSFT) afraid of Amazon (AMZN) and its surging Kindle business? Enough to invest $300 million in Barnes & Noble’s (BKS) new Nook subsidiary. The deal, announced today, will give Microsoft a significant stake in an established e-reading company, a market where it hasn’t yet made much of an impact. Barnes & Noble hasn’t yet decided on a name for the subsidiary, which will also include the company’s College business segment, but we expect it to harken back to the Nook brand somehow. Microsoft will own 17.6 percent of the new company, which is valued at $1.7 billion. Notably, the company is valued significantly higher than B&N itself this morning, which now has a market cap of $823.4 million. Shares of B&N were up a whopping 85 percent in pre-market trading at the time of this post." (For related content, see Amazon Takes a Hammer to the B2B Competition.)
PoliticoLink: Democrats Mine Texas for 2012 Cash
"Deep in the heart of Republican Texas, Democrats have rediscovered an ATM.
It’s stocked with contributions not only from old-school Texans like former Lt. Gov. Ben Barnes, who can remember the days when Lyndon B. Johnson and Sam Rayburn cast the biggest political shadows in the state, but also from a younger generation of trial lawyers and entrepreneurs who have moved into the cities — Dallas, Houston, San Antonio and, of course, Austin — from bluer turf around the country. National Democrats facing tough races in 2012 have been flocking to the Lone Star State to cash in. So far, Sen. Claire McCaskill has raised about $150,000 from Texans for her 2012 reelection bid, and Ohio’s Sherrod Brown took in about $140,000. Up-and-comers have also tapped into the Texas well: Massachusetts liberal Elizabeth Warren got $100,000 for her face-off with Sen. Scott Brown in a closely watched race."
"If you let your imagination run wild, innovations such as Google’s (GOOG) Project Glass suggest there will come a time when we’ll no longer converse with each other, but instead exchange data like a bunch of GPS-enabled cyborgs. While that may not be quite how it plays out, a highly-connected future is definitely on its way. Already, data shows that more than one third of American teens own an iPhone and the one-tablet-per-child initiative is a mainstay in South Korean and Thai schools. It’s easy to see what life will look like for the next generation of consumers, but will marketers be prepared? That will largely depend on whether they’ve considered these five post-mobile trends."
No positions in stocks mentioned.
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