TheStreet.com suspends dividend as it reports loss
TheStreet.com said it will suspend its third-quarter dividend as the online financial news company looks to cut costs and also reported its second-quarter loss widened slightly as revenue fell. Nathalie Tadena of Dow Jones Newswires writes, “TheStreet said the dividend suspension will result in quarterly savings of about $900,000. Chairman and Chief Executive Elisabeth DeMarse […]
Charlotte Observer looking to hire two biz reporters
The Charlotte Observer is looking to hire a banking reporter and an economic development reporter, according to business editor John Arwood. Here are the job descriptions: Banking reporter This reporter will be one of two Observer journalists covering banking and finance in Charlotte, the nation’s second-largest banking center. Reporting to the business editor, this reporter […]
Bloomberg working on LIBOR alternative
Dan Doctoroff, the CEO of Bloomberg LP, writes in The Wall Street Journal that the company is working on an alternative to the LIBOR, or the London interbank offering rate. Doctoroff writes, “The company’s prescription — let’s call it ‘Blibor,’ the Bloomberg interbank offered rate — isn’t revolutionary. It simply applies the principles of data-based […]
Phoenix Biz Journal hires small biz reporter
Tim Gallen has been hired at the Phoenix Business Journal to cover small business. Cale Ottens writes, “Gallen, 29, most recently was a communications coordinator for the Recreation Centers of Sun City Inc. and has experience covering economic development and new business, particularly in the West Valley. “As a graduate of Pacific Lutheran University in […]
TV is ignoring the LIBOR scandal
Mark Gongloff of The Huffington Post writes about how television news isn’t paying much attention to the LIBOR rigging scandal. Gongloff writes, “The scandal that has been not-crazily called the biggest financial scandal in history has gotten all of zero minutes’ air time on the ABC and NBC nightly news broadcasts and only a little […]
Reuters TV to launch YouTube show on economy and politics
Reuters TV will launch in September a new show called “Impact Players.” It will be a 20-minute webcast featuring Robert Wolf, the veteran Wall Street executive and “outside” advisor to President Obama. “Impact Players” will air weekly on the Reuters TV channel on YouTube and will also be available to Thomson Reuters professional clients around the […]
Help NYT’s tech columnist Pogue find his iPhone
New York Times tech columnist David Pogue is asking his readers to help him find his lost iPhone. Brian Caulfield of Forbes writes, “‘My phone was stolen,’ Pogue tweeted Thursday to his 1.45 million followers on the Twitter social messaging network. ‘Anyone want to help me track it down?’ “Pogue included an image showing his […]
Owner of weekly biz papers reports higher profits
Dolan Media Co., which owns weekly business newspapers across the country, reported second-quarter earnings Wednesday that were higher than expected. The Minneapolis-based company reported net income of $4.92 million or 16 cents per share, compared to net income of $2.57 million or 14 cents per share a year ago. Cash earnings per share were 9 […]
