What happens when shareholders want more
The Wall Street Journal did an interesting piece on Wednesday about what happens when friendly deals get pushback from shareholders looking for more money. While those on Wall Street and in the boardroom might think they know best about a company’s value, increasingly shareholders aren’t just blinding agreeing to their terms. The Journal reported: “It […]
Does ownership affect coverage?
After Jeff Bezos, CEO of Amazon, bought the Washington Post, and John Henry, billionaire owner of the Boston Red Sox, purchased the Boston Globe, questions began to circulate about coverage. Whenever newspapers change hands, it raises issues of corporate agendas, personal biases and other conflicts. The New Yorker raised questions, writing about a Globe story […]
Health care law hurts unions
The new health care laws are putting pressure on unions and municipalities to trim prices in anticipation of higher costs down the line, according to a New York Times story: Cities and towns across the country are pushing municipal unions to accept cheaper health benefits in anticipation of a component of the Affordable Care Act […]
Will consumers benefit from patent veto?
The news that the U.S. vetoed a ban that would have stopped Apple from selling some products next week was a rare one for the White House. But what does it actually mean? Here are some of the details from the New York Times, which had a clear lead explaining what the news meant: The Obama […]
Will the Fabulous Fab verdict hurt Goldman?
In a trial that was closely watched by those in finance, the journalists who cover them and not many others, Goldman Sachs trader Fabrice Tourre was found guilty of six of seven charges Thursday. The case, which centered around a mortgage-related security, was complicated and is being hailed as a victory for the Securities and […]
The business media examine the GDP
The U.S. gross domestic product numbers were reported Wednesday and came in stronger than many economists expected. But much of the media coverage talked about how the uptick is still considered lackluster. The Wall Street Journal story ran with this simple headline, “U.S. Economy Grows Faster Than Expected.” Here’s the lead of the piece: The […]
Biz press plays game of “Who’s going to run the Fed?”
Much has been written in the last couple of weeks about Larry Summers becoming the next chairman of the Federal Reserve Board. The press is speculating about a possible horse race between him and Janet Yellen, currently the Fed’s vice chair. A lot of time has been devoted to trying to determine what monetary policy […]
Companies holding onto more cash
A survey released Monday showed that corporations are beginning to hold onto more cash, many citing worries about the Federal Reserve’s monetary policy as the reason for the hoarding. Here’s the story from the Wall Street Journal: U.S. companies are once again holding tight to their cash in the latest sign of worry that central […]
Proposed merger will create advertising giant
The advertising giants Publicis Groupe, based in Paris, and Omnicom Group, in New York, announced during the weekend they would seek to create the world’s largest advertising conglomerate by merging. Here are some of the details from the New York Times: Two leading advertising companies, Omnicom Group and Publicis Groupe, announced a merger on Sunday that […]
U.S. charges hackers in cyber fraud case
U.S. authorities charged five men on Thursday with hacking and credit card fraud at several large corporations. Not only is this a security issue for consumers, but it’s a huge reputation and branding issue for companies that rely on keeping information safe. Here’s the story from Reuters: Federal prosecutors said on Thursday they have charged […]
