No consensus on why the market dropped
Hal Morris, who writes on the grumpyeditor.com blog, took a look at this morning’s coverage of Monday’s markets and wonders what’s going on. Morris wrote, “Pity business writers of stock market action. Looking for reasons behind daily movements require constant development of fresh phrases. Yesterday’s 88.37 drop in the Dow Jones Industrial Average — biggest […]
Car seat test not Consumer Reports' first mistake
Jim Fitzgerald of the Associated Press writes that the decision by Consumer Reports last week to retract a story about the safety of child car seats is not the first time that the magazine has faced an embarrassing mistake. Fitzgerald noted that Consumer Reports has faced lawsuits in recent years from Suzuki, Isuzu, Sharper Image, […]
Yahoo expands personal finance coverage
Michael Liedtke of the Associated Press writes that Internet site Yahoo is expanding its personal finance coverage in a bid to attract more readers. Liedtke wrote, “The new money management package, scheduled to make its debut Thursday night, is being offered as an extension of Yahoo’s decade-old finance section – one of the Web’s top-ranked […]
Southwest Florida paper cuts stock listings
The Fort Myers News-Press has become the latest paper to cut its stock listings, according to a story in Wednesday’s paper. The News-Press will now run the new “Markets and Money” page offered by the Associated Press. Executive editor Kate Marymont wrote, “Listings will be reduced from three pages to one page Tuesday through Saturday. […]
NBC reports State Farm ruling as little guy victory
Ken Shepherd of the Business & Media Institute points out that NBC’s coverage of a $2.5 million ruling against insurance company State Farm was much different than how it was covered by other media such as the Associated Press and New York Times. Shepherd wrote that NBC anchor Brian “Williams told viewers of the January […]
PC World editor killed in California
Rex Farrance, the senior technical editor for PC World, was found shot dead in his California home, according to an Associated Press story. The story stated that Farrance, 59, was shot Tuesday night. The story said, “‘We have substantial reason to believe that the victim and his wife were involved in the possession and, potentially, […]
Grumpy editor: Economic outlooks confuse readers
I’ve discovered a new blog recently called Grumpy Editor. One of his recent comments focused on the fact that stories about what the U.S. economy is going to do in 2007 have had different opinions. Grumpy Editor wrote, “In the why-business-editors-reach-for-the-aspirins department (leading to befuddled readers): contrary outlooks for the coming year. “While a front […]
Press declares that housing slump is over
Marek Fuchs of TheStreet.com points out that the business media have begun writing about the housing market as if it’s about to turn around when that may not be the case. Fuchs wrote, “The Business Press Maven is always highly critical of the business media for allowing a pattern of three to qualify as a […]
Amazon headline writers taking company's word
TheStreet.com’s Marek Fuchs writes that headline writers this morning are simply taking Amazon.com’s word for its revenue during the Christmas shopping season. Fuchs wrote, “Take the headlines written about Monday’s Amazon announcement, which in most cases appear to be just that: headlines superimposed on Amazon’s announcement. In this holy season, I thank God that at […]
Fuchs: Retail sales coverage all over the place
TheStreet.com’s Marek Fuchs notes that recent coverage of July retail sales data was all over the place, with some business journalism outlets reporting that sales were affected by the hot weather and others stating the complete opposite. Fuchs wrote, “Let’s start at the beginning of the alphabet with the Associated Press. They told us that […]
