Coverage: Fed under scrutiny
The Federal Reserve Board is being investigated about disclosure of confidential information, and even Chairwoman Janet Yellen is coming under fire. At heart is a report by a financial adviser revealing information about a closed meeting. The New York Times story by Binyamin Appelbaum had these details: The Federal Reserve said on Monday that the Justice […]
Coverage: New head at Cisco
John Chambers is stepping down as head of Cisco, the company he’s run for the past 20 years. He named long-term veteran Charles Robbins to take his post. The New York Times story by Quentin Hardy had these details about the moves: After 20 years of running Cisco Systems, John Chambers is stepping down as chief […]
Coverage: China manufacturing down
The news out of China continues to be disappointing with manufacturing putting in one of its worst performances. That’s not good news for those looking to the economic giant for growth. The Wall Street Journal story by Liyan Qi had these details: China’s manufacturing sector in April turned in its weakest performance in a year, […]
Coverage: NY Times Co. posts loss
The New York Times Co. reported a first quarter loss on Thursday. Despite being in the red, many pundits managed to find some areas that were looking up. Bloomberg even ran a headline talking about digital growth instead of focusing on the losses. Gerry Smith’s story for Bloomberg focused on the digital subscriber growth – […]
Coverage: When will rates rise?
With slower than expected economic growth numbers this morning, it was no surprise that the Federal Reserve Board pushed off raising rates, leaving it vague on when that might happen. The Wall Street Journal story by Jeffrey Sparshott and Jon Hilsenrath offered these details about the Fed’s decision: The Federal Reserve on Wednesday, seeking […]
Coverage: Twitter drops after earnings leaked on Twitter
Twitter got a taste of what it’s like to be a celebrity on its own platform after the company’s first quarter results were leaked – in a tweet. Serelity, a financial information site, reported about an hour before the company was scheduled to release results that it would miss expectations, sending the stock down 18 […]
Coverage: Obama urges adoption of trade deal
President Barack Obama went on a public relations campaign arguing that the Asia free-trade deal was good for the U.S. He also made the case that China would step into the void if the deal didn’t pass. In an interview with Gerald F. Seib of The Wall Street Journal, Obama made his case for passed […]
Coverage: Comcast-Time Warner merger collapses
As Comcast and Time Warner Cable call off the combination, many in the media are debating whether it is going to be a good or bad thing for consumers. Some were looking forward to improved service, while others are concerned about the lack of competition. Hilary Stout wrote for The New York Times that some […]
Coverage: Google earnings miss estimates
Apparently for digital companies to make money these days they need a strong mobile presence, videos and loads of cash to fund it. Google, which has minted money in the past, stumbled in its first-quarter earnings this year. The New York Times story by Conor Dougherty said that analysts were concerned that Google’s growth was […]
Coverage: U.K. trader arrested in flash crash
It’s hard to believe that one trader could have such an outsized impact on the stock market, but that’s what the Justice Department is claiming. It arrested a lone U.K. trader for alleged cheating the markets and amplifying the flash crash of 2010. Silla Brush, Tom Schoenberg and Nick Baker had these details about the […]
