Bezos speaks to Washington Post newsroom
Amazon CEO Jeffrey Bezos spoke to the Washington Post newsroom and was apparently a hit with the reporters, according to the New York Times: Jeffrey P. Bezos, Amazon’s founder and the prospective new owner of The Washington Post, assured newsroom employees on Wednesday that he was committed to preserving quality journalism, investing in news and […]
Microsoft makes big move into mobile
It’s the piece — a way into the mobile phone market — that Microsoft is missing – and is willing to pay $7 billion to obtain. Rivals Google and Apple own the space, and the media coverage was extensive. Here’s the Wall Street Journal overnight story about Microsoft’s purchase of Nokia: Microsoft Corp. struck a $7 […]
Happy Labor Day
With summer officially over, it was an appropriate time for business journalists to take a look at the state of labor. The New York Times Economix blog wrote a piece about the unemployment rate and how the holiday wouldn’t necessarily be one of celebration for some people: The annual holiday supposedly celebrating labor has long lacked […]
Activist investors busy over holiday weekend
There were a couple of stories during the Labor Day weekend about activist investors and their new roles in asking for corporations to make changes. Here’s the story from the Wall Street Journal about Microsoft allowing an activist to join the board: Microsoft Corp. is giving a board seat to an activist investor for the first time, […]
Verizon deal with Vodafone may happen next week
It looks like there will be many bankers, lawyers and business reporters working during the holiday weekend as talks between Verizon and Vodafone have started again. It’s a small price to pay for bragging rights to putting together the second-largest buyout of all time. Here are some of the details from the Wall Street Journal: After […]
Regulators ease mortgage securities rules
Mortgage securities have caused a lot of problems in the past, but regulators don’t seem to be too worried about today’s lending standards. The new proposed rules requiring banks to hold 5 percent of the credit risk on mortgage bonds has a broad exemption. Here’s the story from the Wall Street Journal: Federal regulators retreated from […]
New York Times and other media sites hacked
The New York Times, Twitter and other media outlets’ web sites were hacked Tuesday by supporters of the Syrian government, causing many to miss some of their favorite information sites and raising questions about cyber security. Here’s the story from Reuters: Media companies including the New York Times, Twitter and the Huffington Post lost control […]
Ackman exits J.C. Penney holding
Activist hedge fund manager William Ackman is getting rid of his J.C. Penney stake after resigning from the company’s board. It wasn’t one of his smartest investments. Here’s the story from the Wall Street Journal. Hedge-fund manager Bill Ackman moved to dump his entire stake in J.C. Penney Co., ending a failed bet on the retailer […]
Ballmer to leave Microsoft, and how it was covered
Microsoft CEO Steve Ballmer abruptly announced Friday he was stepping down within the year, sparking a race to find his replacement. Investors welcomed the news, sending the stock up 7 percent on Friday, signaling the move may be long overdue. Here’s are some of the interesting details from the Wall Street Journal coverage: Microsoft remains a […]
Nasdaq halts trading for three hours
While it’s debatable, the biggest business story Thursday was the three-hour trading halt at Nasdaq Stock Market. The Wall Street Journal called the problem “unprecedented” for a U.S. exchange, leaving many to wonder what exactly is happening: A technical glitch knocked out trading in all Nasdaq Stock Market securities for three hours Thursday afternoon, an unprecedented meltdown […]
