Criminal charges loom for SAC
Steven Cohen’s hedge fund is being attacked on another front as regulators get ready to file criminal charges against SAC Capital Advisors. Here’s the lead of the New York Times story: Federal authorities are poised to level a criminal indictment against SAC Capital Advisors, the hedge fund run by the billionaire Steven A. Cohen, capping […]
How Apple’s earnings were covered
Apple, one of the most written about technology companies, reported slightly better than expected earnings Tuesday as iPhone sales picked up. The company is such a media darling that the Wall Street Journal, among others, live blogged the earnings release and analyst call. Let’s take a look at the coverage. Here’s the lead of the Bloomberg […]
Coverage of Loeb leaving Yahoo board
Daniel Loeb, the activist hedge fund manager, is selling the majority of his stake in Yahoo and stepping down from the board of directors. This follows disappointing earnings and has many wondering just what is going on inside the troubled Internet firm. The Wall Street Journal story ran with the online headline “Loeb’s Exit From […]
Commodities in the biz news spotlight
It looks like the press and regulators are taking a closer look at banks and their relationships with commodities. Nearly every day last week there was a different story about prices, storage or regulation. Bloomberg had a story about regulators looking into banks’ commodities trades after complaints: When the Federal Reserve gave JPMorgan (JPM) Chase & Co. approval in […]
Covering Detroit’s bankruptcy
As Detroit became the largest city to seek bankruptcy protection (in terms of debt), reaction seemed largely to depend on one’s stake in the plan, eliciting varied coverage from the major media outlets. The New York Times chose to lead with creditors and their anger at being asked to accept pennies for the dollars they […]
More tech earnings and their significance
International Business Machines’ earnings dropped this quarter, typically an indicator of technology spending by business and government, the Wall Street Journal said. On the same day, Intel cut its 2013 revenue forecast and said it would spend less to expand its business. Looks like the sector may be in for some trouble. The Wall Street […]
Covering Yahoo’s second-quarter falter
Posting a quarterly profit isn’t enough for Yahoo CEO Marissa Mayer. The earnings coverage on Tuesday across the board called the results “faltering” and called into question her ability to turn the ailing Internet giant around. Here’s the lead from Reuters: Yahoo Inc trimmed its outlook for 2013 revenue after revealing a sharp 12 percent […]
China accuses GlaxoSmithKline of bribery
In a case of man bites dog, the Chinese government is accusing GlaxoSmithKline of bribery. It’s definitely a twist, but the allegations from the Chinese government are likely to send ripples through the international business community. Here’s the story from the Wall Street Journal: China signaled a tough new stance on health care as it […]
What’s the play with emerging markets?
Emerging market stocks and bonds have taken a hit, putting yet another dent in investor’s portfolios already suffering from recent volatility. But according to several recent stories, fund managers are finding some areas that look promising. Here’s the Wall Street Journal’s take on the recent developments in emerging markets: The recent rout in emerging markets […]
How the Microsoft reorganization was covered
The ubiquitous software giant Microsoft announced Thursday a huge internal overhaul in hopes of sparking innovation and putting a stop to the infighting that’s damaging the company. Here are excerpts from the Wall Street Journal story: Microsoft Corp. unveiled a broad reorganization Thursday aiming to break down internal fiefs that have slowed product development and caused […]
