Paul Tharp of the New York Post writes Friday that a quote used in a New York Times story about Morgan Stanley has now been retracted.
“It turns out the sole quote on which the tale was based was never uttered, the editors’ note admitted.
“The original story said Morgan Stanley chief John Mack was talking with Citigroup head Vikram Pandit, when Mack remarked, ‘We need a merger partner, or we’re not going to make it.’
“Both banks emphatically denied the remark, and after an internal probe, so did the paper.”
Read more here.Â
Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…
Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…
In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…
Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…
Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…
Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…
View Comments
How responsible for the NYTimes to publish false information when MS almost went under this week. Has the author been fired?