Coverage: European economy still dragging
The European recovery isn’t as strong as expected. Germany, France and Italy reported bleak economic numbers on Thursday, and with more turmoil in the global landscape, it may be a while before things return to normal. David Jolly had this piece for The New York Times: This was supposed to be the year that the […]
Coverage: Amazon introduces new card reader
Amazon just can’t help but trying to be all things to everyone. In an effort to capture the offline business, it is introducing a new card reader to rival Square, PayPal and other payment services. PC World’s John Ribeiro had these details: Amazon has introduced a card reader coupled with smartphone and tablet apps that […]
Coverage: The buzz about BuzzFeed
BuzzFeed has long been a media darling with its easily digestible and clever lists covering the news and entertainment. With the announcement it is receiving a venture capital investment of $50 million, which values the company at $850 million, more than the Washington Post. Writing for The New York Times, Claire Cain Miller had a […]
Coverage: The recession isn’t over
According to Federal Reserve Board Vice Chairman Stanley Fischer, the recession is still weighing on the U.S. economy, particularly the labor market. Gina Chon of the Financial Times had this story: The Federal Reserve’s vice-chairman has pointed to weak labour force participation and a soft US housing recovery as two reasons for disappointing global growth, […]
Coverage: Kinder Morgan reorganizes to stay alive
Kinder Morgan Inc. is leaving behind the master limited partnership structure and becoming a corporation in order to stay alive with both investors and regulators. Alison Sider and Russell Gold wrote for The Wall Street Journal about the company’s new structure: Kinder Morgan Inc. is consolidating its vast oil-and-gas pipeline empire into a single company in […]
Coverage: New math for credit scores
If you can’t get a loan based on your credit score, simply change it. The Fair Isaac Corp. is changing what’s included in its calculations, making it a little easier for some to get loans. Annamaria Andriotis had this story in The Wall Street Journal: A change in how the most widely used credit score […]
Coverage: Banks still too big to fail
Banks still have a long way to go when it comes to the safety of the system, and regulators aren’t pleased with the progress they’re making. Bloomberg’s Jesse Hamilton reported that 11 of the biggest banks aren’t doing a good job figuring out how to unwind safely: Wall Street banks spent two years asking U.S. […]
Coverage: The day the deals are pulled
Many of the business headlines today were about abandoned deals. First Rupert Murdoch’s Fox withdrew its bid for Time Warner. Then the news broke that Sprint was backing away from T-Mobile. Since I love reading reporters covering their own company, here is the piece from Wall Street Journal reporters Martin Peers and Keach Hagey writing […]
Coverage: Gannett looking to expand
Media companies have been expanding past the news business for years. Several of the most successful companies, such as Bloomberg, get most of their earnings from sources other than reporting the news. And now, struggling Gannett is looking to do the same by purchasing Cars.com. What’s interesting about this sale is that media companies are […]
Coverage: Portugal is biggest banking story
This week (or at least Sunday) Portugal is the biggest banking story as it looks to bail out one of its lenders. It seemed that the Euro-crisis was past, but there are still problems that need to be resolved. Patricia Kowsmann had this story in The Wall Street Journal: Portugal’s central bank late Sunday unveiled […]
