Tag Archives: AP
by Chris Roush
Associated Press business editor Hal Ritter sent out the following announcement on Thursday:
Europe business editor Phill Tutt is leaving us to join CNBC.com as deputy managing editor, international. He’ll be staying in London and will oversee the website’s coverage of Europe and Asia.
Phill joined us while Europe’s debt crisis was raging and oversaw coverage of landmark decisions by the European Central Bank and European Union throughout 2012. His good ideas, strong editing and general steady hand during the tumult have been much appreciated.
Please join us in wishing him the best in his new job.
by Chris Roush
Greg Stec, an editor for the Associated Press business news desk, sent out the following email to the staff on Monday:
Apologies to Groucho Marx for stealing his line for the subject of my email.
Aug. 2 will be my last day at AP as I start a new life chapter. Call it retirement, if you will, but I don’t plan on spending a lot of time in a rocking chair. I feel it’s time to pursue some projects I’ve been thinking about for a while; in writing, photography, websites, apps and social media. Travel is also high on the agenda.
It’s been a very fulfilling seven years at AP. I started on the old APFN desk in April 2006 and managed to sample a variety of roles–from spot news editing to running the airlines team to doing podcasts on the top business stories of the week. Few other places that I’ve worked have had the combination of opportunities, professionalism and teamwork that I’ve experienced here.
I’ve been a journalist in print, broadcasting and online media since the 70s, when I stumbled into my college radio station and sat down behind a microphone to read a piece of copy I ripped off an AP teletype. Since then I’ve had the privilege of writing and editing many memorable stories for the RKO Radio Networks, CBS News, Dow Jones, Bloomberg News, AP and other outstanding news operations.
My wife and I will be based in New York for the foreseeable future, and I hope we can stay in touch.
It’s been a blast.
by Chris Roush
The Associated Press seeks a reporter for the business news department’s financial markets team at its New York headquarters.
This position has a broad mandate: explaining the financial markets and investing to readers in daily coverage and through high-level enterprise stories. The successful candidate must be a critical thinker and be well-sourced among investors, traders and other Wall Street experts. The candidate must identify market trends and write authoritative stories with flair and clarity. The candidate must be an idea machine; somebody who sees stories where others see fog.
The candidate will contribute to the AP’s Money & Markets product. If qualified, the candidate will have an opportunity to write AP’s popular “Of Mutual Interest” column, which reports on news and trends about mutual funds.
The right candidate will have a deep knowledge of markets and finance and a demonstrated talent for writing clear and compelling stories with rigorous, thought-provoking analysis. The candidate will have a proven ability to work in a fast-paced environment. We’re looking for someone who isn’t satisfied to simply inform. The candidate’s writing must sparkle and appeal to all readers. The ideal candidate will be highly organized with the ability to multitask, prioritize and meet deadlines with a demonstrated focus on detail and accuracy. Effective interpersonal skills and solid news judgment are critical. The successful candidate must be a self-starter and team player. At least three years of experience in markets writing is required. The ideal candidate should have a bachelor’s degree or equivalent-level experience.
Advanced-level professional competency in written and spoken English language is required. Authorization to work in the United States for any employer is mandatory.
by Chris Roush
Associated Press business editor Hal Ritter sent out the following staff departure on Monday:
Sorry to report that Mark Jewell is leaving AP after 23 years to join John Hancock in Boston to write about the company’s mutual funds. As a senior financial writer, Mark will report on Hancock’s international stock funds. He’ll be writing for financial advisers and institutional investors, as well as individual investors in Hancock’s funds.
Mark joined AP in 1990 in his home state of Washington and has worked his way ever eastward: temporary stints in Seattle and Olympia, 10 years as a newsman in Spokane, three years in Indianapolis as a business reporter and the last five years in Boston as a personal finance writer.
Mark has done a great job for us since 2008 covering the mutual funds industry and personal investing. Since early 2009, he has written the highly regarded Of Mutual Interest column, which appears in major newspapers like The Washington Post and is part of the weekly Money & Markets Extra product. He also writes for the daily M&M product and has produced many strong centerpieces on fund trends.
Mark has been a good colleague to all of us in Business News, and we’ll miss him. Please join me in wishing him much success in his new job. He’ll be with us through most of next week.
by Chris Roush
The Center for Public Integrity is investing in the coverage of finance with two new hires.
Alison Fitzgerald, a 2009 Polk Award winner, author and longtime Bloomberg economics and enterprise reporter, will oversee the Center’s financial coverage as well as much of its state money-in-politics work. She is joined by Dan Wagner, who comes to the Center from the Associated Press’ Washington bureau, where he specialized in financial regulation.
Both Fitzgerald and Wagner will start, appropriately enough, on tax day, April 15.
Fitzgerald’s career highlights include writing the 2011 book “In Too Deep: BP and the Drilling Race that Took it Down.” Her reporting has appeared in the New York Times and International Herald Tribune, among other publications. Prior to joining Bloomberg in 2000, Alison worked as a reporter, and then international editor, for the Associated Press. She also has worked as a reporter at the Philadelphia Inquirer and Palm Beach Post in Florida.
Fitzgerald is a graduate of Georgetown University and earned a master’s degree from Northwestern University. Given her fluency in French and Italian, it’s perhaps appropriate that the long list of reporting awards she’s won includes a 2008 Overseas Press Club honor. Her coverage of secretive political donors won her a 2011 National Press Foundation Everett Dirksen Award for distinguished reporting of Congress.
Wagner has worked at the Associated Press since 2008, where is most recent work focused on financial regulation reporting, particularly the banking industry’s relationship with official Washington. Among his many scoops and deep dives are stories on former Treasury Secretary Timothy Geithner’s close Wall Street contacts, government subsidies to abusive mortgage companies, lavish spending by bailed-out bankers.
Before joining the Associated Press, Wagner worked for two years at Newsday, where he won a National Headliner Award for uncovering risky lending by American Home Mortgage — a practice that helped lead to the company’s demise. Wagner, a graduate of Harvard University, has also worked stints at the Boston Globe and National Public Radio.
Read more here.
by Chris Roush
Brian Scanlon, director of the AP Election Services portfolio, has been promoted to an expanded role, adding oversight of AP’s business and financial products.
His appointment was announced Thursday.
“We find growing market interest in news services combining government and elections coverage with business and economic news,” said Sue Cross, senior vice president for business development and partner relations in the Americas, in a statement. “Brian has excelled in combining news and data to develop these types of services and brings outstanding ability to drive added growth at the intersection of government and financial information.”
Scanlon joined the AP in 2006 after serving as director of sales at Ipsos Public Affairs research company and Learning Insight Inc.. He also worked in research and polling services at Synectics for Management Decisions and Peter D. Hart Research.
He is a graduate of Loyola University of Chicago, holds a master’s degree in liberal arts from the University of Chicago and was a 2009 Sulzberger Fellow at the Columbia Graduate School of Journalism.
AP’s financial news services deliver consumer-oriented coverage to millions of consumers via newspapers, broadcast outlets and digital portals and services, as well as fast, insightful reporting for investors and executives. Products include AP Financial News, providing fast corporate and economic news; AP Money & Markets, a multimedia service on market news and analysis; Financial Impact, a news service covering the non-business news that has financial impact; and the AP Small Business Report.
by Chris Roush
Beware of fake LinkedIn accounts for company executives. The Associated Press has run the following clarification:
“NEW YORK (AP) — In a Nov. 17 story about changes CEO Ron Johnson has instituted at J.C. Penney Co., The Associated Press attributed to Michael Francis, a former Penney president, comments about Johnson’s leadership of the company.
“The AP quoted Francis as saying that Johnson sticks to his beliefs and that Francis harbors no hard feelings toward Johnson, who fired him. “Life is too short,” Francis was quoted as saying.
“AP obtained the quotes through an email conversation it initiated from a page for Francis on the social network LinkedIn. After the story was published, Francis called the AP to say that the LinkedIn account belonged to an impostor, and that he himself had made no comments to AP about Johnson. Francis said he had contacted LinkedIn and that the company eliminated the account.
“LinkedIn confirmed to the AP that it had eliminated the account but declined to discuss why it did so or whether it had evidence the account was fraudulent.”
Read more here.
by Chris Roush
The Associated Press will launch a series exploring changes wrought by the Great Recession with reports documenting the downturn’s profound impact on jobs that support a broad middle class in the United States, Europe and other developed countries.
The series, “The Great Reset,” will begin with stories appearing from Jan. 23 to Jan. 25. Five additional installments will run about six weeks apart into the fall.
The main reporters on the series are Paul Wiseman out of Washington and Bernard Condon out of New York.
“They came back with a startling story,” said Hal Ritter, the AP business editor, in a phone interview with Talking Biz News. “Most of the jobs lost were middle class jobs. They found that since the recovery began three and a half years ago, no middle class jobs have come back. And this is true in developed countries around the world.”
Technology — specifically powerful software that runs computers and an array of machines and devices — is eliminating the need for many jobs throughout companies and across industries, according to the AP report.
“Bernard and Paul have been working at it full time for three month,” said Ritter. “They started out looking broadly, and then they got narrower and narrower. They have reported it globally. We have pulled in staffers from Europe and Asia. It’s ambitious, but certainly there is no better opportunity in our careers. What bigger event has there been than the financial crisis and The Great Recession?”
“The Great Reset” will include photos, AP interactives and video elements. The series will be available on AP Mobile in the “Big Stories” section. More stories will run later in the year, Ritter said.
In addition, AP’s initial reports on the hollowing out of middle-class jobs will fuel discussion during the annual AP Davos Debate, on Jan. 25 at the World Economic Forum in Davos, Switzerland. Moderator of the session, titled “Creating Economic Dynamism,” will be AP Senior Managing Editor for U.S. News Mike Oreskes.
by Chris Roush
Associated Press business editor Hal Ritter sent out the following staff announcement:
It’s with much sadness that I report that Erin McClam is leaving us for a job as a writer at NBCNews.com.
Erin joined AP fresh out of the University of Georgia in December 1999 as a reporter in the Atlanta bureau. He moved to New York in August 2002 as a bureau reporter and became a federal courts reporter in February 2003. He was promoted to national writer in September 2005. When the Top Stories Desk was established in January 2008, Erin was one of its original editors. He took up residence in Business News two years later, while still a TSD editor. He joined our department in January as markets editor.
That’s the official bio, and, of course, it says little about what Erin has meant to the AP. Erin is an editor par excellence. Many days, I’ve marveled how he has teamed with a reporter to elevate good work to great. Most of you have had the great fortune to work with him on these stories. Afterward, I invariably hear praise for the experience.
Erin is also a wonderful colleague; all of us have enjoyed our associations with him. So we’ll miss his editing skills – and his presence.
Erin’s last day will be Friday, Dec. 21. Please join me in wishing him the best in all that lies ahead in his career.
by Chris Roush
Mark Hamrick, immediate past president of the National Press Club, will join Bankrate.com in January in the newly created position of Washington bureau chief.
Hamrick will cover the White House, Congress and financial regulatory agencies for the award-winning network of personal finance websites operated by Bankrate.com.
“Now more than ever, Washington policy changes are affecting Americans’ pocketbooks,” said Julie Bandy, editor in chief of Bankrate.com, in a statement. “Bankrate is going to leverage Mark Hamrick’s extensive beat experience to provide our readers with timely and interesting content focusing on the issues and players affecting American consumers’ finances.”
Hamrick spent the past 26 years in various roles at the Associated Press, most recently as a business reporter and editor for the AP’s broadcast division. He has been based in Washington since 1987.
Bankrate is a publisher, aggregator, and distributor of personal finance content on the Internet. Bankrate provides consumers with proprietary, fully researched, comprehensive, independent and objective personal finance editorial content across multiple vertical categories including mortgages, deposits, insurance, credit cards, and other categories, such as retirement, automobile loans, and taxes.