Anti-naked short faction attacking biz journalists
The Sanity Check web site, which is one of the vehicles used by the anti-naked short selling campaign, is posting Monday comments made at a panel at the SABEW conference in Minneapolis-St. Paul on Sunday. Business editor Dan Colarusso from the New York Post is quoted as saying at a panel on the battle between […]
Why Narisetti is leaving the WSJ
MarketWatch media columnist Jon Friedman recently interviewed Wall Street Journal Europe editor Raju Narisetti on why he is leaving the newspaper to go head a start-up business newspaper in India, his home country. Friedman writes, “Journalists in India, he points out with some measure of chagrin, give their customers a diet of spot-news stories but […]
AFX for sale; is Dow Jones a buyer?
Agence France-Presse is apparently considering selling its AFX business news wire service, and Dow Jones and Xinhua News Agency might be bidding, according to an article on TheBusinessOnline.com. Reporter Adam Durschlag writes, “Last week, Thomson Corporation, the Canada-based electronic publishing company, was understood to have approached Agence France-Presse (AFP), the world’s oldest news agency, about […]
Dow Jones still reporting losses from Weekend Journal
Dow Jones, the parent company of The Wall Street Journal and Barron’s, reported its first quarter earnings on Tuesday and while profits rose due to accounting issues, the company said it was still losing money from the weekend edition of the Journal. The earnings release states, “Advertising revenue at the U.S. Wall Street Journal print […]
Wal-Mart meets with reporters next week
Wal-Mart Stores Inc. has planned a two-day meeting next week with journalists who write about the world’s largest retailer to help open the lines of communication with the increasingly criticized company. MarketWatch reporter Jennifer Waters writes, “In only the second time that Wal-Mart (WMT) has opened its doors to reporters, the company is launching the […]
SEC's decision: Subpoenas only in rare cases
The Securities and Exchange Commission decided on Wednesday that it will only subpoena journalists to gather information for its investigations in rare cases, according to published reports this morning. The SEC earlier this year had subpoenaed three reporters in its investigation into allegations against a hedge fund and a research firm for giving information about […]
Feds file charges on insider trading scam using BusinessWeek info
Federal authorities have filed charges against a Merrill Lynch analyst and two Lehman Brothers employees who developed an elaborate insider trading scam that involved using en employee at the printing plant where BusinessWeek is printed every week to get inside information, MarketWatch is reporting. Marketwatch reports, “Authorities also charged Juan Renteria, 20, an employee of […]
Herb Greenberg profiled by San Diego paper
Bruce Bigelow, a business writer for the San Diego Union-Tribune, has a nice profile of MarketWatch columnist Herb Greenberg in this morning’s newspaper. Greenberg is the financial journalist who has been criticized by executives at companies such as Overstock.com recently for using short sellers as sources. Greenberg denies that he has done anything wrong, and […]
Are biz sources being silenced?
Bill Fleckenstein, who runs a hedge fund in Seattle and writes a column for MSN Money, believes that some hedge fund managers are no longer willing to talk on the record to business journalists because of the recent push by some companies to threaten hedge funds with litigation when they are discussed in a negative […]
MarketWatch's Barnako to begin blogging
MarketWatch writer Frank Barnako, who began writing “Internet Daily” for the business news Web site in 1998, is now becoming the first blogger for Dow Jones. He begins his own blog on Barnako.com on Thursday. Barnako writes, “My background is radio, with its frequent deadlines and fast reporting. That’s the kind of blog I’ll write […]
