BW writer responds to GM's Bob Lutz
General Motors’ executive Bob Lutz is not one to take criticism without responding. So in a recent speech, he noted all of the reporters and editors from the financial media — BusinessWeek, Fortune, Wall Street Journal and others — who have written or stated that GM’s products are boring and that the company has lost […]
Barron's and inflation coverage
New York-based money manager Barry Ritholtz criticizes Barron’s for its recent coverage about the Consumer Price Index, which measures inflation, on his blog called The Big Picture. Ritholtz writes, “Barron’s jumps on the ‘We Have Inflation’ bandwagon this week, with two editorials acknowledging what Big Picture readers have long known: Inflation, undermeasured by the BLS, […]
Elmira Star-Gazette in New York assessing biz coverage
Executive Editor Bill Church of the Elmira Star-Gazette in New York says the newspaper is assessing how it delivers news given technology changes. Among the changes being discussed is how the newspaper delivers business news. Church writes, “We’re also assessing the best way to present business news since stock listings now can be accessed online. […]
The problem with biz news on Indian TV
Is the same problem that we have here in the States: So many people reporting about business and economic news, particularly on general news channels and the networks, report stories about business but don’t explain what’s going on in a way that the average viewer can understand. Saubhik Chakrabarti, writing in the Financial Press in […]
SEC needs to define what is a journalist
The Securities and Exchange Commission’s new regulations on when a journalist can be subpoenaed left out one important detail, according to former BusinessWeek reporter Gary Weiss, who points this out on his blog: They didn’t define who is a journalist and who isn’t. While at first blush this might seem like a black and white […]
A PR exec's opinions about changes in business journalism
Richard Edelman of the Edelman Public Relations firm spent the past week meeting with reporters and editors from The Financial Times, Wall Street Journal and Forbes magazine. He came away with some distinct conclusions about how mainstream business journalism is changing, and how PR people need to adapt. Edelman writes, “* MSM on-line is now […]
SEC's decision: Subpoenas only in rare cases
The Securities and Exchange Commission decided on Wednesday that it will only subpoena journalists to gather information for its investigations in rare cases, according to published reports this morning. The SEC earlier this year had subpoenaed three reporters in its investigation into allegations against a hedge fund and a research firm for giving information about […]
GM execs blames shorts for negative stories
Robert Lutz, a General Motors executive and one of the most outspoken auto industry executives in the past 25 years, said on CNBC’s “Closing Bell” today that he believes that some analysts with short positions are the impetus behind negative stories about the automaker recently. CNBC, in it’s infinite wisdom, is running an online poll […]
Skilling's law firm reads the Chronicle's blog on trial
Houston Chronicle business columnist Loren Steffy has discovered that there are lawyers working for the same law firm as the lawyer who represents former Enron CEO Jeff Skilling that are avid readers of his blog about the current Enron trial in which Skilling is a defendant. Steffy got a barrage of comments on his blog […]
Highbrow Revelry on Jim Cramer's attraction
There is a blog called Highbrow Revelry written by two unnamed men that I find entertaining. Recently, they analyzed why CNBC’s Jim Cramer is so attractive to the general population. Highbrow Revelry writes, “Thursday evening, Jim was in typical form. In the mere two hours after the markets closed, Jim and his merry band of […]
