A time bomb waiting to happen?
Former BusinessWeek reporter Gary Weiss, who has covered his fair share of Wall Street scandals and uncovered a number of crooked companies, has a problem with the idea that Dallas Mavericks owner Mark Cuban is going to invest in the companies that departing St. Louis Post-Dispatch business reporter Christopher Carey is going to write about […]
Boeing employees fired for alleged leak to Seattle Times
Aerospace giant Boeing has fired an employee suspected of leaking internal documents to a business reporter at the Seattle Times who has used the information to write stories about the company, according to the Seattle Weekly. Chuck Taylor wrote, “Why are two daily newspapers better than one? Because had The Seattle Times been our only […]
Be patient with Cramer stock picks
In an interview with the Associated Press, “Mad Money” host Jim Cramer advises his watchers to be patient with the stock picks from his show. Cramer told The Associated Press he repeatedly warns his audience to steer clear of after-hours trading, when he says buyers outnumber sellers, making it easier to get burned. “The takeaway […]
Media acquitted with Enron verdict
The Houston Chronicle’s Rick Casey has a nice front-page column in Friday noting that the Enron jury found the business media, who had been blamed by defendants Ken Lay and Jeff Skilling of causing the company’s downfall, not guilty. But the media, he notes, was guilt of writing overly positive stories about Enron. Casey writes, […]
One of my pet peeves
Let me first start off by saying that it was my idea at The Tampa Tribune back in 1991 or so for the paper to start a special section on the top publicly traded companies in the Tampa Bay area. Such special sections were growing in popularity back at that time both on the editorial […]
A business editor's parting shot
Jason Nisse, who is the business editor of the Independent in London, is leaving his job to become public relations director at Barclays. He looks back on his 18-year career in the newsroom with some interesting observations about business journalism that seem applicable in any country. Nisse writes, “I can’t say I’m not sad to […]
NYT story on Forbes closely resembles another
The New York Post’s Keith Kelly notes Tuesday morning that a story about Forbes magazine seeking investors in Monday’s New York Times has four paragraphs that closely resemble an article that appeared in a London newspaper on Sunday. The NYT business writer, Andrew Ross Sorkin, blamed the mistake on an editor, and noted that a […]
The point of reading business news
Rocky Mountain News business editor Rob Reuteman, who is a SABEW board member, has a nice round-up of the ethical discussion surrounding using short sellers as sources from last weekend’s Society of American Business Editors and Writers’ annual conference in his Saturday column. Reuteman’s analysis is that SEC Chairman Christopher Cox tried to suck up […]
Target closes annual meeting to journalists
Target, the large retailer, has joined a number of other companies in closing its annual meeting to reporters, according to an article in the Minneapolis Star-Tribune by reporter Chris Serres. Serres writes, “In the past, the company allowed members of the media to ask questions of senior executives in a briefing after the meeting. “Brookter […]
More takes on the SEC and subpoenas
A number of newspapers this morning have coverage of SEC chairman Christopher Cox’s speech and Q&A at the Society of American Business Editors and Writers‘ annual conference in Minneapolis. The issue is whether the SEC should subpoena business journalists as part of its investigations, as it did earlier this year with MarketWatch’s Herb Greenberg and […]
