Tag Archives: AP

AP hires Tutt to be Europe biz editor


Phillip Tutt, a veteran financial journalist who has spent the last 12 years at the Financial Times in a variety of editing roles, has been named Europe business editor for The Associated Press.

An AP story states, “The appointment was announced Wednesday by AP Business Editor Hal Ritter.

“‘Phill Tutt is a terrifically talented editor and manager who is ideally suited to drive the AP’s coverage of the unfolding story of economic and financial distress across Europe,’ Ritter said.

“As Europe business editor, Tutt will be based in London and will oversee AP business reporters from Paris to Moscow.

“‘Phill has the ability to see beyond the details and help us understand why they matter,’ said Europe Editor Niko Price.

“For the past two and a half years, Tutt, 44, has been companies news editor of FT.com. Before that, as chief production journalist, he helped lead a team of 14 editors that produced the FT’s section front pages and the Companies & Markets section of the newspaper.”

Read more here.

AP biz writer leaving for Reuters


Associated Press business editor Hal Ritter sent out the following staff announcement on Thursday:

Sorry to report that Michelle Conlin is leaving us for a job at Reuters as an enterprise writer. Michelle has done a lot of good stories for us the past year, and we’ll miss her writerly touch. Perhaps her best story was a report on people whose homes were foreclosed on mistakenly. It was honored by SABEW earlier this year with a second place in feature writing among new agencies.

Michelle will be here through next week. Please join me in wishing her the best in her new job.

Conlin, who joined the AP in 2010, previously worked for 11 years at BusinessWeek and was a senior writer when she left earlier this year. She started the working life beat at BW, which focused on workplace issues and trends. She wrote more than two dozen cover stories while covering this popular beat. Before Business Week, Conlin was a staff writer for Forbes magazine in Chicago. She also was an associate producer at CNNfn and a reporter at The Philadelphia Inquirer.

Conlin was co-producer of ‘No Impact Man,’ a documentary film about her family’s one-year experiment trying to minimize impact on the environment. The film premiered at the Sundance Film Festival in 2009 and was distributed nationally.

Conlin has a bachelor’s degree in English literature from Connecticut College and a master’s in journalism from Columbia University.

AP biz writer Cutter leaving for LinkedIn



Chip Cutter, an Associated Press business journalist who covers stocks, investing and the financial markets, is leaving for a job with LinkedIn.

An an e-mail to the staff, AP business editor Hal Ritter writes:

Sorry to report that Chip Cutter is leaving us in two weeks to work for LinkedIn. He’ll be joining somewhat of a start-up operation as LinkedIn adds news content to its website. Chip joined Business News in 2009 as a summer intern after graduating from Indiana University. He did such a great job we hired him at the end of the summer.

An early story by Chip that got much attention was his report on how young people with good jobs were making the most of the Great Recession. He found 20-somethings investing in the stock market for the first time while stocks were at bargain prices. And taking advantage of many other kinds of deals.

Chip joined the Money & Markets team that September and has produced many fine centerpieces and other M&M fixtures the past two years.

Chip’s last day will be next Friday, Oct. 28. Please join me in wishing him the best in his new job.

Mobile reporter heads to Mississippi to cover biz/economy for AP


Jeff Amy, a reporter at the Mobile Press-Register, is leaving the Alabama paper to take a job with the Associated Press in Jackson, Miss., where he will cover business and the economy.

An AP story states, “‘We’re pleased to be able to add to the Mississippi news team a veteran Southern journalist who knows well the defining elements of culture, politics and economics so important in Mississippi and to AP members,’ said Adam Yeomans, AP’s bureau chief for Mississippi.

“Most recently, Amy was a reporter at the Mobile Press-Register, where he covered the Alabama Legislature and public policy, higher education, business and the economy along the Gulf Coast.

“‘Amy’s background in database and investigative journalism and his knowledge of the South — especially along the Gulf Coast — will be invaluable as the AP seeks to tell the story of Mississippi, its people and its issues for a state, national and global audience,’ Pane said.

“In 2010, he won the Alabama Associated Press Managing Editors’ award for business coverage.

“Amy, 38, is a native of Baton Rouge, La. He received a bachelor’s degree magna cum laude in 1995 from Princeton University and holds a master’s in journalism with emphasis on public policy from the University of Missouri at Columbia.”

Read more here.

AP markets editor leaves for Reuters, which revamps wealth management team



Jennifer Merritt, who joined the AP business desk in April to be its financial markets editor, is now leaving for a job at Reuters.

Reuters financial companies editor Jed Horowitz wrote to the staff in an e-mail:

I’m excited to announce the launch of our revamped Wealth Management team, which will provide news, commentary, practical business tips and industry gossip to the vast pool of retail stockbrokers and investment advisers who use Thomson Reuters “workstations,” and to their clients who read Reuters news.

The team will be led by Jennifer Merritt, an energetic and sharp-witted journalist who is joining from her post as financial markets editor of The Associated Press. Jennifer leveraged early-career internships at “Business Week,” “The Palm Beach Post” and “The Boston Globe” into senior editorial positions overseeing personal finance, wealth and markets coverage at the “Florida Times-Union,” “Money” and smartmoney.com and wsj.com. She also has been department editor of management education at “Business Week.”

Joining Jennifer will be Suzanne Barlyn, the current “Compliance Watch” columnist at Dow Jones and a frequent contributor to “The Wall Street Journal,” who will bring her smart coverage of legal, regulatory and oversight issues–and her wide following in the brokerage community–to Reuters as our compliance columnist. Suzanne, who is a nonpracticing attorney, also put in time as a reporter at “Fortune.”

Jennifer and Suzanne will start on Sept.6.

Also on the team are Reuters veterans Joe Giannone, who launched wealth management coverage for the wire more than two years ago, and John McCrank, who has led our Canadian wealth management coverage for the past two years (when he wasn’t running marathons). John will be joining us in New York as soon as he gets his visa. They will continue to offer detailed coverage of the earnings, cultural shifts and trends at big brokerage houses, independent brokers and advisory shops and discount brokerages.

Herb Lash and Manuela Badawy will contribute their considerable investment strategy skills to crafting daily investment features for advisers, with the editorial help of Jen Ablan and Chris Sanders. Please circulate any investment-related analyst reporters or other releases keyed to events of the day to Herb and Manuela.

Rounding out the group are two newcomers. Jessica Toonkel has been scaring mutual fund and exchange-traded fund marketers and salespeople for almost a decade with her coverage of their pricing policies and profit motives, and will continue that mission as the team’s chief products reporter. Jessica, who has turned out an impressive array of columns and articles since her arrival in mid-August, has worked at Crain’s “Investment News” and been managing editor of several mutual fund newsletters at Institutional Investor. She’s also covered technology at “American Banker” and “Financial NetAlert” (out of Berlin) and worked at “American Lawyer” and “Counsel Connect.”

Ashley Lau, who is completing her internship on the markets team in New York after stints at MarketWatch, NPR’s national desk and NPR’s “Planet Money” economics show, will be dogging the movement and motivations of brokers and advisers who switch jobs. Ashley, raised in Maryland and now an upper WestSider, graduated recently from Medill.

We’re also pleased that freelancers Jim Saft and Richard Koreto will be contributing weekly columns on economic issues and practice management aimed at our WM audience. And we’re lucky to have Lauren Young’s Personal Finance team pitch in by adapting its steady diet of consumer-aimed columns to our professional brokerage audience.

The excellent U.S.-based editorial team behind our Wealth Management, Inv. Mgt. and Asset Mgt. top news pages — Richard Satran, Bernadette Baum, Chelsea Emery and Walden Siew — will serve as deskers for the WM team

AP biz columnist Beck leaving service



Hal Ritter, the business editor at the Associated Press, sent out the following announcement to the staff on Wednesday:

After an 18-year career at the AP that started as an editorial assistant in the New York City bureau, Rachel Beck is leaving us next week to begin a career as a coach for people applying to Top 10 business schools. Rachel is joining mbaMission, a company that helps aspiring MBAs prepare their applications and prepare for interviews. As you may know, Rachel has an MBA from one of those Top 10 schools – Columbia Business School.

Rachel’s departure will be a big loss for Business News and the AP. This is the only news organization she has worked for since getting a master’s in journalism at Columbia in 1993 and then taking the chance that she could join the AP on a bottom rung and work her way up. Indeed she has. She moved to Business News just 20 months after starting here and began covering the airline industry. She then served as night supervisor, and for four years covered retailers and e-commerce companies. In 2000, she was selected to be a Bagehot Fellow at Columbia, and she stayed an extra year to complete work on her MBA. When she returned in 2002, she became the AP’s national business columnist. In recent years, she has been a versatile reporter always ready to tackle the big issue emerging in the world of business and finance, either as columnist or news reporter. And, of course, she has anchored since 2007 our much-acclaimed annual report on executive compensation.

We’ll miss Rachel’s many talents, her passion for business news and her sense of team in all she does. We’ll miss her presence in the newsroom. Please join me in wishing her the best as she strikes out in a new direction that will build on both her education and experience here.

Our take: This is a big loss for the AP biz desk, as Ritter rarely, if ever, acknowledges when a staffer leaves.

AP hires two new editors for biz desk



Associated Press business editor Hal Ritter sent out the following announcement to the staff on Friday afternoon:

It’s a pleasure to announce the arrival of two team leaders on Monday:

Kortney Stringer, formerly assistant business editor of The Boston Globe, joins us as retailing team leader. Kortney spent the last four years at The Globe, and retailing was one of the beats she was responsible for. She also was in charge of the Sunday business section and led a redesign in 2008 to emphasize consumer stories. Before joining The Globe, Kortney was an advertising and marketing reporter and then assistant metro editor at the Detroit Free Press. Before that, she spent five years at The Wall Street Journal as a travel and retailing reporter. In her last job at The Journal, she was part of a two-reporter team covering Wal-Mart.

Kortney earned a degree in journalism at Wayne State University in 2000 and an MBA at Southern Methodist University in 2004.

John Simons, formerly editorial director for personal finance at Black Enterprise, joins us as technology and media team leader. The past three years, John was responsible for personal finance and investing content for Black Enterprise magazine and its website and for the company’s television properties. He appeared regularly as a co-host on Black Enterprise Business Report, a syndicated weekly television news program, and as a guest commentator on Nightly Business Report on PBS.

Before joining Black Enterprise, John was a writer at Fortune magazine for seven years. His last job was lead writer for the biotech and pharmaceutical industries. He covered a range of other topics at Fortune, including technology. Before Fortune, John was a policy and economics reporter for The Wall Street Journal in Washington and covered government regulation of technology. He reported on telecom reform, Internet taxation, online fraud and crime and consumer privacy.

John earned a degree in journalism at Northeastern University. He was a Markle Fellow in 2000, which allowed him to spend a year writing on technology policy in the digital age. His work was published in The Journal, The New Republic, Business 2.0 and The Industry Standard.

I also want to take some space here to thank Nick Jesdanun for the fine job he has done for many months as acting tech and media editor and Michael Lee for his leadership of the retailing team. Nick stepped up when we lost Brian Bergstein and has done a great job driving coverage on a beat that normally has two editors. Nick’s expertise and unflappable style have kept our coverage strong and made him a pleasure to work with. Michael, as I reported in April, requested a move to the spot news editing desk when a position opened up. He has provided a boost to that desk while continuing to spend time overseeing the retailing team. The spot desk gets Michael full time starting Monday, which will be a big help.

Departing AP biz reporter blasts biz news management


Janna Herron, a former business reporter for the Associated Press, sent a farewell e-mail on Friday as her parting shot that criticized business news management at the wire service.

The e-mail was posted on Romenesko.

Herron wrote, “I also appreciated the camaraderie that management helped to foster in the newsroom: reporters working together and helping one another; editors encouraging, developing and motivating reporters; and, of course, happy hours that weren’t good-byes.

“Sadly, that is not the department I leave today.

“I’m the 56th person to leave since the newsroom’s management style turned negative and mean-spirited three years ago. And I’m sure I’m not the last. I just couldn’t do it anymore.

“So, best wishes to everyone. You’re all better editors, reporters and writers than what you’ve been told, and you deserve better leadership.”

Read more here. The AP declined to comment to Romenesko.

AP economics reporter leaving for Bloomberg


Jeannine Aversa, a longtime business reporter for the Associated Press, has resigned to accept a position with Bloomberg News.

Aversa told Talking Biz News that she will be covering the Federal Reserve at Bloomberg and start on June 13. Her last day at the AP’s Washington bureau is May 25, ending a 17-year run.

Since 1999, she’s covered economics for the AP, including the Fed and the  Treasury Department.

Earlier this year, she became the first woman reporter to ask a Federal Reserve chairman a question during a press conference. Of course, it was the first press conference ever given by a Fed chairman.

“Since 2000, I also have been part of the AP’s election analysis team, which calls presidential, senate and others races on election night,” said Aversa in an e-mail. “I have reported on politics, law enforcement, telecommunications and other areas at the AP.”

Aversa is a graduate of the University of Missouri.

WSJ, AP both should have won Pulitzer for oil spill coverage


Joel Achenbach of the Washington Post writes that either the Wall Street Journal or the Associated Press should have been awarded the Pulitzer Prize for breaking news for their coverage of the Deepwater Horizon/BP Gulf of Mexico oil spill.

Achenbach writes, “I should note that the Journal didn’t go unacknowledged: Its oil spill coverage was a finalist in the National News category. The winner in that category was Pro Publica, for coverage of Wall Street shenanigans (by the way, over on the arts and letters side of things, when will the P’s give Michael Lewis the prize he’s earned more than once?). But unless the Journal somehow botched its entry and forgot to include its best work, I find it hard to believe that the board could have looked at the Journal’s package of coverage and concluded that it wasn’t worthy of a Pulitzer in some category.

“I suspect the real problem is that the breaking news category stipulates that the work be ‘local.’ Why make that stiipulation? There’s already a separate category for Local News.

“The Journal was very good in its coverage early and often, with superior enterprise pieces that were the first to lay out precisely what went wrong on the terrible night of April 20, 2010, as shown in company documents and emails. That work, by Ben Casselman, Russell Gold and other WSJ staffers, set the standard for every reconstruction story that followed.

“And let’s not forget the AP: It was on top of the story from the get-go and never let up. Along the way, the AP had a terrific enterprise piece on the abandoned wells that continue to pose a spill hazard. For its oil spill coverage, the AP won a George Polk Award.”

Read more here.