Coverage: Coke earnings drop, but investors happy
Coca-Cola, the most ubiquitous brand on the planet, reported a 55 percent drop in earnings. But investors sent the stock up since the drop was better than expected. It’s a strange world. Bruce Horovitz led his story for USA Today with the stock’s rise for the day: The dent in the Coke can appears to […]
Coverage: Qualcomm pays record fine to China
In a land of state-run businesses, China is fining U.S. chip maker Qualcomm nearly $1 billion for violating anti-monopoly laws. It’s enough to make your head spin to think of such a tightly controlled economy fining a company for having a lock on the market. Ina Fried had these details about the settlement in her […]
Coverage: Brian Williams stepping back from Nightly News
After revealing that he’s been untruthful about getting shot down in a helicopter in Iraq, revered news anchor Brian Williams is taking a break from the anchor’s chair. It’s a blow to the business of journalism. David Carr wrote for The New York Times that Williams was the one who brought the story back up: […]
Coverage: Radio Shack files for bankruptcy protection
Radio Shack is down for the count after nearly a century in business. If you’ve walked or driven past a storefront lately, this isn’t a shock. What is surprising is how long it has lasted. The New York Times story by Rebecca R. Ruiz and Michael J. de la Merced said time was up: For […]
Coverage: China is worried about growth; should we?
The Chinese government is relaxing its lending standards in order to push economic growth as the global economy continues to struggle. The biggest question is how worried should we be at this point. The New York Times story by Keith Bradsher pointed out that the global economy isn’t doing anything to help the Chinese stimulate […]
Coverage: S&P settles with government
Ratings agencies took a huge hit to their reputations after the financial crisis, getting the blame for misleading investors about the safety of investments. Tuesday, Standard & Poor’s settled with the Justice Department and state attorneys general for $1.37 billion. The New York Times story by Ben Protess had these details about the deal: Nearly […]
Coverage: Net neutrality is coming
The Federal Communications Commission is set to propose rules that would effectively make the Internet a utility, an affirmation that access for all is critical. Steve Lohr had this story for The New York Times: The chairman of the Federal Communications Commission this week is widely expected to propose regulating Internet service like a public utility, a […]
Coverage: Corporate tax reform conversation starts
While all of America was watching the Super Bowl, President Obama was more interested in started a conversation about taxes. Sunday, the president unveiled his version of tax overhaul. One of the main provisions was a one-time tax on overseas corporate earnings. The Wall Street Journal had this story by Nick Timiraos and John D. […]
Coverage: The debate over Conde Nast’s latest move
Conde Nast rocked the journalism world this week by announcing its editors would be available for hire through its new advertising arm. It’s sparked debates amongst journalists AdAge had this story by Michael Sebastian earlier in the week: Glossy magazine publisher Conde Nast, which owns Vogue and Vanity Fair, is enlisting its editors to consult with advertisers […]
Coverage: Facebook earnings show gains
Remember when there was a question about if Facebook was going to continue to show earnings growth? Well, the company answered it this quarter. The Washington Post story by Hayley Tsukayama pointed out several things to consider about the report: Facebook announced its latest earnings Thursday, reporting that it made $701 million in profit. Sure, […]
