Is the business press fair game for the SEC?
CNBC commentator Charles Gasparino, who is a former Wall Street Journal reporter, wrote a commentary for Newsweek magazine on the recent actions of the SEC to subpoena business reporters as part of its investigation into an investment firm. Publicly, the SEC has backed off enforcing the subpoenas. Gasparino, however, concludes that is not the case […]
Impact on financial reporters for ignoring subpoenas
Louis Victor is wondering about the effects on business journalists in response to the reporters who were subpoenaed by the SEC because he says they incorporate their opinions into what they write or state about companies. Victor writes: “If this weighs down the stock then who is to blame then, Overtstock.com or the financial reporters […]
TheStreet.com and Cramer were also subpoenaed
Mad Money host Jim Cramer disclosed Monday night that he received a subpoena from the SEC in relation to its investigation into a hedge fund. Online financial news site TheStreet.com, which Cramer helped found in the 1990s, also received a subpoena, according to an article on the Web site. The article noted: “Cramer, meanwhile, disclosed […]
Overstock's Patrick Byrne and financial journalists
The New York Times’ Joe Nocera wrote a column this weekend about the efforts of Overstock.com CEO Patrick Byrne to discredit financial journalists who write negatively about his company or who question the “naked short-selling conspirary” that he has espoused for the past year. Nocera’s column is part of Times Select, so I haven’t posted […]
CNBC's Ron Insana to leave anchor desk
The cable network announced in a press release this morning that the well-liked Ron Insana will stop being an anchor and instead become a “senior analyst” at the business channel. The release states, “Insana will offer daily commentary on the biggest economic and business news stories. He will appear on the network’s signature morning broadcast, […]
TheStreet.com reports first profitable year
TheStreet.com, the online business news service, has reported its first profitable year since its inception a decade ago when Jim Cramer and others helped found it. According to this report on NewYorkbusiness.com, “TheStreet.com earned $246,000, or 1 cent per share, for the year ended Dec. 31, compared with a loss of $2. 2 million, or […]
TheStreet.com options being exercised by Cramer, CEO
The online business news site announced today that Mad Money host Jim Cramer, who helped found the site, and CEO Tom Clarke, plan to exercise options to purchase stock in the company and sell those shares. Cramer will give his shares to a foundation. The web site states, “In addition, Cramer intends to donate 100,000 […]
Yet another story about Jim Cramer
David Carr, writing in this morning’s New York Times, takes up the subject of Mad Money host Jim Cramer, who has also been profiled in recent weeks by the Philadelphia Inquirer and Dallas Morning News. Carr writes, “At a time when people will not pick up finance magazines with a set of tongs and too […]
Dallas Morning News profile of Jim Cramer
Mad Money host Jim Cramer was profiled by the Dallas Morning News this morning. The article notes: “Although he makes money for people, he is not without detractors. A former employee, Nicholas Maier, wrote a book that criticized Mr. Cramer for pumping up stocks by feeding rumors to CNBC’s Maria Bartiromo. He has denied those […]
The Street.com writes about Cramer's Mad Money
And it was noticed by The Stalwart, a blog about business, the economy and markets. This blog is edited by a small money manager in the Northeast, but it often has some telling commentary about how stocks and businsses are covered in the wonderful world of business media. Today’s post stated, “As much as we […]
