The “so what?’ missing from Wells Fargo lawsuit story
In yet another chapter in the seemingly never-ending mortgage saga, the U.S. government sued Wells Fargo on Tuesday, claiming the bank approved less-than-stellar loans backed by the government then sought insurance to cover their losses once they defaulted. From the Wall Street Journal story: The complaint alleges nearly a decade of misconduct dating back to […]
What is Jack Welch not telling us?
Jack Welch, the storied former CEO of General Electric, went out on a limb last week and insinuated that the Obama Administration somehow manipulated the U.S. employment data for his political benefit. He wrote a tweet to that effect and then on Wednesday wrote an op-ed in the Wall Street Journal, defending the “stink” he […]
Wolff: FT purchase between Bloomberg, Reuters
Michael Wolff writes for The Guardian newspaper in London that the acquisition of The Financial Times newspaper boils down to Bloomberg or Reuters, with News Corp. lurking in the background. Wolff writes, “Bloomberg and Thomson Reuters are direct competitors, the leaders in selling financial and other business data, and each one would loathe to see […]
WSJ names deputy bureau chief for economics
Timothy Aeppel, the economics bureau chief at The Wall Street Journal, sent out the following staff promotion on Wednesday We’d like to announce Phil Izzo is becoming deputy bureau chief of the Journal’s Economics group in New York. This formalizes and deepens Phil’s already crucial role in the Journal’s economics coverage and is part of […]
Fortune publisher gets a promotion
Todd Larsen, the former Dow Jones & Co. president who now oversees Time’s magazine division, sent out the following announcement on Wednesday: In order to best organize ourselves for success in the future, I believe we must find ways to work more strongly across our titles and across the company. The collective strength of our […]
WSJ/Dow Jones names new Zurich bureau chief
Wall Street Journal international editor Matt Murray sent out the following announcement on Wednesday: We are excited to announce that Andrew Morse will be the new chief of our WSJ/Newswires bureau in Zurich, the latest addition to our dynamic and ever-evolving Europe team. Andrew is heading to the bureau at a fascinating time for Switzerland. It […]
Quartz editor confident of business model
Sarah Shearman of MediaWeek writes about the launch of the new business news site Quartz and spoke with editor Kevin Delaney about its potential. Here is an excerpt: How would you describe Quartz? “Quartz is a digitally-native business news site for global business professionals. We are focused on the most important macro themes shifting the […]
How to tell executives are serious
Reporters spend a lot of time talking to people on background or off-the-record. It’s an important part of the job and a good way to make sure you’re getting the full story. Even if you can’t quote the head of XX division at XX bank about an issue, having his/her thoughts on a subject can […]
Barron’s Abelson is one for the record books
If there were a definitive business journalism Book of Records, Alan Abelson would no doubt dominate some major categories: Longest current tenure as a columnist at a single business/financial news outlet; Sued or the subject of threatened lawsuits by the most number of story subjects; Subject of the largest number of letters to the editor […]
NPR News names senior business editor
NPR News named Neal Carruth as its senior business editor on Tuesday. Since August 2011, Carruth has been running NPR’s election coverage, including daily campaign and issues reporting, and dozens of hours of live, special coverage of the primaries, caucuses, conventions and debates. During the long campaign season, he established enterprising series like Parallel Lives […]
