Media Digest 10/12,2007 Reuters, WSJ, NYTimes, FT, Barron’s

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According to Reuters, a sharp fall in shares of China internet company Baidu (BIDU) raised fear that the tech market has topped.

Reuters (RTRSY) reports the Citigroup (C) has gone through another management shake-up.

Reuters writes that JC Penney recalled toys because of high lead content.

The Wall Street Journal reports that the wealthiest 1% of Americans earned over 21% of all national income in 2005.

Electronic Arts (ERTS) will buy a videogame developer for $860 million from private-equity firm Elevation Partners

The Wall Street Journal writes that doube-digit gains in Chinese IPO are now routine.

The Wall Street Journal writes that the major business magazines are being hurt badly by financial websites.

The New York Times writes that the sale of Jaquar is dragging.

The New York Times writes that Tata Motors will introduce a $2,500 car in India.

The New York Times writes that ABC is producing a 15 minute version of its evening new for the internet.

The FT writes that the head of Toyota’s (TM) Lexus operation is moving to Ford (F)

Barron’s writes that Limelight (LLNW) said it Q3 numbers would beat expectations.

CNN Money writes that oil prices jumped and a near a record.

Douglas A. McIntyre