Singapore court rules against WSJ
Singapore’s High Court ruled The Wall Street Journal in contempt of court for publishing two editorials and a letter to the editor that the government says damaged the reputation of the country’s judicial system, according to an Associated Press story. The story states, “The court also fined the newspaper 25,000 Singapore dollars ($16,400). “Justice Tay […]
ThomsonReuters reports revenue growth
Anick Jesdanun of the Associated Press reports Wednesday that ThomsonReuters reported an increase in revenues for the third quarter despite the current Wall Street turmoil and earnings that beat projections in its first full quarter as a combined company. Jesdanun writes, “Revenue increased 86 percent to $3.33 billion largely because of its acquisition of Reuters […]
Rizzo joins MSNBC from AP
Pat Rizzo has joined msnbc.com as senior business editor/producer based in New York. He comes to the Web site from The Associated Press, where he was economics editor.  “We are thrilled to have Pat join the business team at the No. 1 news Web site,” said Martin Wolk, MSNBC’s business editor. Rizzo will report to Wolk. “He brings deep […]
Rich CEOs are not like us, contrary to what biz media tells you
Marek Fuchs, the media critic of TheStreet.com, wonders why some media like the Associated Press write about how much money CEOs have lost during the economic crisis — just like the average investor — when they’re still performing better than the overall market. Fuchs writes, “And this is just what went on here, though the […]
Newark biz editor leaving for AP
TALKING BIZ NEWS EXCLUSIVE Kevin Shinkle, the business editor at the Newark Star-Ledger, is leaving the paper and taking a job as an assistant business editor at the Associated Press. Shinkle’s last day at the paper will be Nov. 12. He will start at the AP on Nov. 17. Shinkle declined further comment. Shinkle became […]
AP names journalist to oversee financial crisis coverage
Terry Hunt, a White House correspondent for the Associated Press, has been named by the wire service to oversee its financial crisis coverage, according to a memo posted by Politico.com’s Mike Allen. AP business editor Hal Ritter and Washington bureau chief Ron Fournier write, “He will work with news leaders in Washington, New York and […]
Reporting, and being part of, the biggest business story
David Bauder of the Associated Press takes a look Wednesday at the business news networks coverage of the current economic crisis and whether CNBC and Fox Business Network have become too much of the story. Bauder writes, “CNBC, which says it is running an investor-driven network rather than a general business news channel, has consciously […]
Debate among busines journalists about the word "crash"
Ellen Simon of the Associated Press reports that business journalists are being cautious about using the word “crash” to describe what’s going on in the stock market. Simon writes, “CNBC host Dylan Ratigan was among those uttering the word on Thursday, calling the decline ‘a cascading crash.’ The Wall Street Journal, the most influential publication […]
AP too negative with GDP report
Hal Morris, writing on his Grumpy Editor blog, takes issue with the Associated Press story about the latest Gross Domestic Product statistics, noting that it’s too negative for what the numbers show. Morris writes, “In reporting the GDP gain in a lengthy piece, Washington-based AP economics writer Jeannine Aversa promptly gave it a negative twist by inserting […]
Tax Foundation: AP story on corporate taxes lacks understanding
The Tax Foundation has put out a news release noting some errors related to understanding corporate income tax in an Associated Press story. The Tax Foundation states, “An AP article today on the GAO’s new report on corporate tax liabilities contains a serious error that undermines the story’s thesis. “The AP reported that, according to […]
