Fiat to buy rest of Chrysler
The smallest U.S. auto company will now be fully owned by Italian firm Fiat, ending a dispute about ownership and clarifying the future for both firms. The Wall Street Journal had this story by Christina Rogers: Fiat SpA said it would get full control of Chrysler Group LLC in a $4.35 billion deal, ending a standoff […]
Target admits breach on 40 million accounts
In a massive data breach, Target Corp. admitted Thursday that data from as many as 40 million credit and debit cards had been stolen. Coming during the busiest shopping season, the public relations nightmare is huge. Reuters had this story by Jim Finkle and Dhanya Skariachan: Target Corp said hackers have stolen data from up […]
Fed decides to scale back stimulus
The Federal Reserve Board announced Wednesday its long-awaited decision to begin the pull back from its bond-buying program. While the speculation about when this would happen and how much they’d pull back has been written about much of the second half of the year, the move is still significant for the markets since it means […]
Facebook to sell video ads
Facebook announced Tuesday it plans to start selling video ads that will appear in users news feeds. It’s another way for marketers to reach audiences, but will users actually want to watch the videos? That’s the question posed by the Wall Street Journal’s story written by Reed Albergotti, Suzanne Vranica and Ben Fritz: Marketers “have […]
What’s going to happen to Patch?
The New York Times business columnist David Carr set off a debate Sunday about the state of local journalism and what a giant like AOL is planning to do with its platform. In a brutal column, Carr called CEO Tim Armstrong’s attachment to the pet project “sentimental, and some would say debilitating.” Here’s the top […]
Contrasting Samsung and Blackberry
There were two technology stories published Sunday about companies that couldn’t be in different places — Samsung and Blackberry. While the Wall Street Journal was reporting executives departing Blackberry, the New York Times had a profile of the successful Samsung. Let’s first look at the Blackberry story in the Wall Street Journal by Will Connors: […]
Tallying the fines
Scanning the headlines on Thursday, most of the top ones seemed to involve some large financial institution settling a large tab with the government for some wrong doing. Years after the financial crisis, the Securities and Exchange Commission and other regulators are getting tough for some of these past actions. The New York Times reported […]
Obama picks Fischer for No. 2 spot at Fed
Stanley Fischer is the choice for the vice chairman role at the Federal Reserve Board, bringing an outsider to the No. 2 spot. The initial stories about his nomination were definitely positive with few organizations citing anything wrong with his record. Bloomberg had this to say about the choice: The former Bank of Israel governor, though a […]
Volcker Rule approved, and how it was covered
Several years after being introduced, five regulatory agencies approved the so-called Volcker Rule on Tuesday bringing in a new era of oversight for Wall Street traders. Banks and others affected will now begin the process of implementing and journalists scrambled to cover all the angles. Bloomberg’s story began with the idea that Wall Street would […]
Government Motors is no more
The U.S. Treasury Secretary Jacob Lew announced Monday the government had sold the last of its bailout investment in General Motors for a $10.5 billion loss. While many taxpayers might be angry about the deficit, the real cost of allowing the auto industry to fail would have been much higher. Here’s the Wall Street Journal […]
