SABEW to hold conference call on covering executive compensation
The Society of American Business Editors and Writers will hold a conference call this week for business journalists who want to learn more about covering executive compensation with more depth and meaning. The call will be held Monday, Nov. 30, at 3 p.m. EST. The moderator will be Floyd Norris, the chief financial correspondent of […]
Liveblogging GM's earnings conference call doesn't work
Matthew DeBord of The Big Money doesn’t find much to intrigue him about Micheline Maynard of The New York Times liveblogging the GM earnings conference call. DeBord writes, “I don’t much see the point in live-blogging events if your goal is simply to tell people what’s happening, rather than why or what it means. The […]
Russian biz paper owned by WSJ and FT threatened by company
Andrew E. Kramer of The New York Times reports that a Russian mining company is threatening to sue a business newspaper in the country for running stories about its financial performance before a planned IPO in the Hong Kong market. Kramer writes, “A series of articles in the business newspaper Vedomosti at the end of […]
Drug company files second lawsuit against Pittsburgh paper
Russell Adams of The Wall Street Journal reports that drug manufacturer Mylan Pharmaceuticals has filed a defamation lawsuit against the Pittsburgh Post-Gazette, its second lawsuit against the paper this year. Adams writes, “In the lawsuit, filed in Circuit Court of Monongalia County, W. Va., Mylan said the Post-Gazette and its staff writers ‘intentionally and misleadingly […]
Health insurer suggests story, buys ad next to it
Russell Adams of The Wall Street Journal writes Monday about how health insurer Humana Inc. suggested an article on Medicare to the Detroit Free Press and then purchased an advertisement next to the article when it ran in this weekend’s newspaper. Adams wrote, “Executives of the Free Press, which is owned by Gannett Co., say […]
Minneapolis paper takes out pol reference in bank failure story
Paul Schmelzer of The Minnesota Independent examines why the Minneapolis Star-Tribune deleted a reference to a controversial former Secretary of State and current state representative from its story about regulators taking over a bank after the reference appeared online. Schmelzer writes, “Strib business reporter Chris Serres says it’s a ‘relevant question’ that has a ‘mundane […]
CNBC error hurts Microsoft stock
Numerous reports note that CNBC‘s Jim Goodman erroneously reported earlier today that Microsoft was lowering its revenue guidance, sending its stock lower until the business news network corrected the mistake. WallStreetPit.com reports, “CNBC made hay about it, talking about how Jim’s report had affected the DOW and the NAZ, and they had a bunch of their […]
The problem with stock outlook stories
Hal Morris, writing Thursday on his Grumpy Editor blog, has problems with a Wall Street Journal article that lumps all real estate investment trusts together in an outlook piece when many of them have different strategies. Morris writes, “After noting REITs have rebounded big from their recent lows and ‘the sector is trading at a […]
Bloomberg opposes stay on FOI case
Bloomberg News filed a brief with the U.S. Second Circuit Court of Appeals on Monday opposing the U.S. Federal Reserve’s request for a stay delaying the release of public records containing information about banks’ lending activities during the financial crisis, reports Kristina Peterson of Dow Jones Newswires. Peterson writes, “The Fed filed for a notice […]
The cult of CEO coverage
An editorial in Saturday’s Boston Globe notes that the business media is falling into their old habit of fawning over CEOs. The Globe writes, “Whatever Dimon’s fate, it’s worth noting that the business media often guess wrong on their heroes. ‘It isn’t clear whether the deal will enrich shareholders or how the market chaos will […]
