Overstock CEO gets creepy with attacks on biz reporters
Bloomberg columnist Susan Antilla writes Wednesday about the recent tactics taken by Overstock.com and CEO Patrick Byrne in attacking business reporters he believes are in cahoots with naked short sellers driving down his stock price. Antilla wrote, “Googlers got a little surprise last week if they went trolling for information about author Gary Weiss, a […]
SEC subpoenas withdrawn
The Securities and Exchange Commission has withdrawn the subpoenas that it issued last year to Marketwatch columnist Herb Greenberg, Dow Jones Newswire reporter Carol Remond and “Mad Money” host Jim Cramer. When the subpoenas were initially filed, they were widely criticized by journalists. SEC chairman Christopher Cox later spoke about them at the SABEW annual […]
When biz journalists go to Sun Valley
Business journalists have flocked to Sun Valley, Idaho to “cover” Allen & Co.’s annual investment conference, even though they aren’t allowed on the premises, noted the Idaho Mountain Express. Staff writer Greg Moore wrote, “This year, The New York Times, the Los Angeles Times, the New York Post, The Associated Press, Bloomberg, Reuters and CNBC […]
Hearings on short selling
Today’s hearings on short selling should be interesting for business journalists in the wake of recent allegations that some reporters have been in cahoots with hedge funds and others who short stocks to drive down the price of shares. Former BusinessWeek reporter Gary Weiss has a couple of nice postings about the hearings and notes […]
Kudos to biz reporters on options backdating coverage
John R. Austin, an organizational behavior professor at Penn State’s Smeal College of Business, lauds the recent coverage in the financial press regarding the options backdating scandal, as well as the academics who helped uncover this issue, on his “Monty’s Bluff” blog. And he offers a suggestion on where the reporting should go next. Austin […]
The point of reading business news
Rocky Mountain News business editor Rob Reuteman, who is a SABEW board member, has a nice round-up of the ethical discussion surrounding using short sellers as sources from last weekend’s Society of American Business Editors and Writers’ annual conference in his Saturday column. Reuteman’s analysis is that SEC Chairman Christopher Cox tried to suck up […]
More takes on the SEC and subpoenas
A number of newspapers this morning have coverage of SEC chairman Christopher Cox’s speech and Q&A at the Society of American Business Editors and Writers‘ annual conference in Minneapolis. The issue is whether the SEC should subpoena business journalists as part of its investigations, as it did earlier this year with MarketWatch’s Herb Greenberg and […]
More on Cox talk at SABEW
SEC Commissioner Christopher Cox chose his speech to the Society of American Business Editors and Writers to disclose that the regulatory agency was thinking about requiring companies to disclose more tax information, according to an Associated Press report. According to an article written by AP reporter Joshua Freed, “SEC Chairman Christopher Cox said he discussed […]
Herb asks, and SEC chairman Cox answers
At the SABEW conference in Minneapolis on Monday, SEC Chairman Christopher Cox spoke about regulation and about the agency’s new rules regarding subpoenas of business journalists as part of investigations. MarketWatch columnist Herb Greenberg, who was one of the journalists subpoenaed by the agency, asked Cox the first question after his speech. According to the […]
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 […]
