Gretchen Morgenson and the subprime mortgage bust
University of Illinois law professor Larry Ribstein, a frequent critic of New York Times business journalist Gretchen Morgenson, takes aim at her weekend column about the impending collapse of the mortgage industry. Ribstein wrote, “The gist today is that the mortgage market is on the verge of collapse, with serious consequences to the real estate […]
Biz journalists among Pulitzer finalists
Business journalists are finalists in three Pulitzer Prize categories, according to a list published on the Editor & Publisher site by Joe Strupp. The Wall Street Journal’s series on the backdating of stock options is a finalist in the category of Public Service, while New York Times business columnist Joe Nocera is a finalist in […]
NYTimes biz reporter leaves for political beat
Katherine Seelye, who has covered the media beat for the New York Times for the past two years, has left the paper’s business desk for a job covering politics for its web site, according to a memo posted on Gawker. The memo stated, “For the last two years, Kit has been chronicling the changes in […]
NY Times biz reporter's calls with Wal-Mart taped by company employee
The New York Times is reporting that phone calls between one of its business reporters and a Wal-Mart public relations employee were taped by another company employee. Julie Creswell wrote, “The technician, whom Wal-Mart declined to identify, was terminated from the company this morning, and disciplinary action is being taken against two other managers whose […]
Florida paper cuts stock listings
The Ocala Star-Banner, which is owned by the New York Times, will cut its printed stock listings during the week, according to executive editor Robyn Tomlin’s Sunday column. Tomlin wrote, “On Tuesday, readers of the financial pages will see the results of one of those tough decisions as the Star-Banner ceases publication of the comprehensive […]
When biz journalists anoint kings
It’s a dangerous business for business journalists to be naming kings, points out TheDeal.com executive editor Yvette Kantrow in her latest column. Kantrow wrote, “Just ask BusinessWeek. In 1985, the magazine crowned Salomon Brothers CEO John Gutfreund ‘King of Wall Street’ for his firm’s seemingly unstoppable bond-trading prowess. Two years later, a profit-shedding Salomon was […]
Did Matt Drudge cause the stock market to drop?
That’s the quesiton that ABC News contributor Michael Malone is pondering in a Silicon Insider column posted on the network’s web site. Malone points out that former Federal Reserve chairman Alan Greenspan gave a speech this past weekend about the inevitability of a recession in this country. His speech wasn’t anything new. In fact, only […]
Making the switch from WSJ opinion to the news operations
Michael Calderone of the New York Observer writes Wednesday about the difficulties facing Tunku Varadarajan, who will be moving next month from the Wall Street Journal’s conservative leaning editorial page to its news operations to become an assistant managing editor. Calderone wrote, “So while The New York Times regularly has moved staffers, including executive editor […]
Dow Jones splits top roles
With the upcoming retirement of chairman Peter Kann, Dow Jones & Co. has decided to split the roles of chairman and CEO between two people, writes the New York Post’s Janet Whitman. Whitman wrote, “The about-face comes as rival newspaper giant The New York Times is battling an investor campaign to shake up its corporate […]
Call to SF biz editor becoming famous
The San Francisco Chronicle has been gaining some attention with the fact that it has been podcasting calls from readers on its web site. Now, one of the calls — this one to the paper’s business editor — is gaining more attention because an analyst has written a report about it, writes reporter Ben Pimentel. […]
