Bloomberg ME leaves to become Wall Street Journal markets editor

TALKING BIZ NEWS EXCLUSIVE

Emma Moody, a longtime business journalist at Bloomberg News, turned in her resignation on Tuesday for an editing job at The Wall Street Journal.

In an attempt to get her to stay, Bloomberg on Monday promoted Moody to managing editor for corporate news in North America, reporting to Laurie Hays, herself a former Journal editor who is now executive editor for corporate news.

Talking Biz News is told that the attempt to keep Moody from leaving involved the highest levels at Bloomberg News.

But Moody, who has been at Bloomberg since January 1996, most recently running the corporate finance coverage, including all aspects of the credit markets, decided to head to The Journal, where she will join fellow Australian, editor Robert Thomson.

Moody is a graduate is the University of South Australia. She worked as a reporter for News Ltd., also a Murdoch property, for four years before joining Bloomberg.

Here is the announcement Tuesday from Nik Deogun, the Journal’s deputy managing editor, and Ken Brown, Money & Investing editor: “We are thrilled to announce that Emma Moody has joined The Wall Street Journal as Markets Editor. Emma comes to the Journal from Bloomberg where she oversaw corporate finance, running their coverage of the subprime mortgage crisis and its spread throughout the financial system and the economy.

“Emma will play a key role at the paper and on the Money & Investing staff, overseeing coverage of stock, bond, currency and other markets. She brings a great knowledge of the subject and a great enthusiasm for strong stories. With markets still in intensive care after their worst year in decades, readers are increasingly looking to the Journal to explain why their savings has dwindled and why they can’t get loans.

“Emma will coordinate extensively with newswires to bring the best of Dow Jones to our readers. She will bring her real-time news perspective to the wsj.com markets pages, helping make them required reading for anyone in the markets.”