Financial Times makes acquisition
The Financial Times announced Wednesday it had acquired Medley Global Advisors LLC, a provider of macro policy intelligence to top investment banks, hedge funds and asset managers. Terms were not disclosed. Medley had estimated gross assets of $7.3 million at the year end. Medley provides research and analysis through e-mail and verbal consultations to help […]
Murphy, "Mark to Market" columnist for Dow Jones, dies
TALKING BIZ NEWS EXCLUSIVE Here is the e-mail sent to the staff by Dow Jones Newswires managing editor Neal Lipschutz: “It is with great sadness that I inform you of the death of Jim Murphy, our esteemed ‘Mark to Market’ columnist. His pointed and often humorous writing style, his broad range of knowledge and his […]
Why taking stock picks from biz journalists is bad
Mark Gimein writes on The Big Money why taking investment advice from business reporters is an unbelievably bad idea. Gimein writes, “Reporters make bad stock pickers, and I’m no exception. Very rarely have I had the temerity to actually recommend a specific stock. When I have a stock idea, I almost never put it in […]
Motley Fool launches new radio show
The Motley Fool has launched a new one-hour weekly radio show called “Motley Fool Money” that it’s syndicating to commercial stations across the country. The show started on a few stations last weekend with a few more — including KTLK in Los Angeles — jumping on board this weekend. Other markets include Washington, DC, Portland […]
Bloomberg working on new editorial product dubbed “First Word”
TALKING BIZ NEWS EXCLUSIVE Bloomberg News has assembled a team of editorial staffers to put together a new product scheduled to launch this summer, sources at the organization tell Talking Biz News. The new service, called by one employee as a “wire within a wire,” is designed to compete against StreetAccount. Street Account is a […]
CNN markets reporter leaving
Chris Ariens of TVNewser reports that CNN’s Susan Lisovicz, who has reported for years from the New York Stock Exchange, is leaving the network. Ariens writes, “A CNN insider tells us Lisovicz told colleagues last week that she will be leaving the network after her contract was not renewed. “Lisovicz was CNN’s primary correspondent on […]
FT makes U.S. editorial hires
The Financial Times announced Tuesday four new appointments to its U.S. editorial team, strengthening its coverage areas of business, finance and markets. Joining the U.S. finance and business team and reporting to Francesco Guerrera, U.S. finance and business editor, are: Mara Der Hovanesian will join as the U.S. fund management correspondent, covering U.S. hedge funds, […]
Hoffman: CNBC is built for balance
Satish John of Mint, a business newspaper in India, interviewed CNBC president Mark Hoffman during his visit to the country to celebrate the 10-year anniversary of its channel in India. Here is an excerpt: On stock recommendations, there have been some issues at times faced by business media in general. At the height of the […]
Ritholtz: WSJ is no longer a must-read for investors
Investor and blogger Barry Ritholtz argues that the changes at The Wall Street Journal in terms of coverage and story placement make it less relevant to the people who were previously its core audience — investors. Ritholtz writes, “My bottom line for content is performance — if I can rely on something to provide me […]
Reuters exec defends editor in chief Schlesinger, story handling
Kaja Whitehouse of the New York Post reports that Devin Wenig, the CEO of Reuters markets division, defended editor in chief David Schlesinger and the handling of a story about hedge fund manager Steve Cohen that was killed in a conference call with journalists last week. Whitehouse writes, “The comments come on the heels of […]
