Taking financial advice from a writer
Brett Arends, who writes a column for WSJ.com and Marketwatch.com, questions Wednesday why readers take financial advice from writers. Arends writes, “Here’s the thing. Six years ago, just before I returned to the United States, an investment manager in London asked if I wanted to join his team as an analyst. He is a brilliant […]
Sloan is biz journalist of decade
TALKING BIZ NEWS EXCLUSIVE Allan Sloan, senior editor at large for Fortune magazine, is the top business journalist of the past decade, according to an unscientific, subjective review by Talking Biz News. Sloan, who has won seven Gerald Loeb Awards, was picked over colleague Carol Loomis of Fortune and Bethany McLean, formerly of Fortune and now with Vanity […]
Nightly Business Report to feature more analysis, less stock coverage
Elizabeth Jensen of The New York Times reports that the makeover at the PBS show “Nightly Business Report” means less coverage of the stock market and more analysis. Jensen writes, “The makeover will include new virtual sets, graphics and music, additions to the roster of commentators, and something decidedly not cosmetic: an approach that will […]
Did the biz press do its job in 2009?
At the end of his CNN “Crossfire” show on Sunday, Washington Post media critic Howard Kurtz and panelists Bill Press, Chris Stirewalt and Jessica Yellin about how the media performed in 2009, including business news coverage. Here is an excerpt: YELLIN: And they’re doing it still in some ways — all of the media collectively […]
HedgeWorld blogger wants full story behind killed Reuters story
Chris Clair, the managing editor of the HedgeWorld blog for Reuters, would like to know the full reasons behind why the wire service killed a story about hedge fund trader Steve Cohen. Clair writes, “As a news organization, all we have connecting us to our audience is our credibility. When we make mistakes, when we […]
Four business journalists on NYObserver's "insurgents" of 2010
The New York Observer has a list of the 53 “insurgents” who will help remake the city in 2010, and four of them are business journalists. They are: Bess Levin, editor of the blog Dealbreaker.com; Matt Taibbi of Rolling Stone; Andrew Ross Sorkin of the New York Times; Josh Tyrangiel, the new editor of BusinessWeek. […]
Hedge fund trade group bans journalists from covering conference
The hedge fund industry’s premiere trade group, the Managed Funds Association, has decided to ban the media from its upcoming annual conference in Key Biscayne, Fla., writes Jeff Benjamin from Investment News. Benjamin writes, “The ban, which reverses a policy that has been in place for the entire 15-year history of the networking conference, was […]
Reuters kills hedge fund story after pressure
TALKING BIZ NEWS EXCLUSIVE Reuters editors last week killed a story by investigative reporter Matthew Goldstein about hedge fund trader Steven Cohen after Cohen complained to top Thomson Reuters executives that he was being persecuted by the news agency’s reporting, sources at Reuters said. Goldstein’s story was an “incremental” advance in the reports swirling around […]
Other news outlets back Bloomberg
Several news organizations on Monday filed an amicus brief on behalf of Bloomberg LP, asking a federal court to uphold a decision that the U.S. Federal Reserve bank must disclose to Bloomberg confidential information about loans the Fed made to financial institutions, reports Dow Jones Newswires. Dow Jones reporter Joseph Checkler writes, “The brief, which […]
Cramer gives viewers bad pick — again
The Wall St. Cheat Sheet notes that CNBC “Mad Money” host Jim Cramer‘s recommendation to his viewers to buy Best Buy stock is now blowing up in his face. The Cheat Sheet notes, “On last week’s Mad Money, game show host Jim Cramer told his acolytes ‘to pick up [Best Buy] BBY before Tuesday morning’s […]
