Holly Sanders of the New York Post writes Tuesday that Bloomberg executives are trying to assure its employees that the company will be fine in the wake of Lehman Brothers bankruptcy filing and the sale of Merrill Lynch to Bank of America.
Sanders writes, “In a videotaped address sent yesterday to employees, Bloomberg Chairman Peter Grauer acknowledged the Street had entered ‘a new phase of market instability’ while also seeking to downplay the impact on the company.
“The collapse of Lehman Brothers will result in the loss of 4,000 terminals, or just over 1 percent of Bloomberg’s total terminal base, Grauer said yesterday.
“‘While the loss of Lehman will sting, the impact on us should be limited,’ he said.
“More worrisome than Lehman is the fate of Merrill Lynch, which is likely to shed thousands of jobs following the sale.”
Read more here.
Fierce Biotech, a division of Questex, is seeking a sharp and eager journalist to join…
New York Times business editor Ellen Pollock sent out the following: We’re delighted to announce that Erin…
Virginia Business magazine has hired Beth JoJack as an associate editor. She previously was a…
Crain's New York Business is seeking an experienced, creative, highly motivated reporter to cover health…
Dow Jones & Co., the parent of The Wall Street Journal, Investor's Business Daily, MarketWatch.com…
CNBC Digital is looking for an experienced editor to work with the Senior Editor helping…