Tag Archives: Bloomberg

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Bloomberg seeks rates and credit editor

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Bloomberg News is seeking an Editor for our First Word Rates and Credits service, based in our New York office.

The individual in this role will be responsible for reporting on new issues in the corporate bond, structured finance or leveraged loans market, tracking deal flow and pricing developments from the announcement through the pricing stage and providing concise, on-the-spot stories on developments in the credit markets, capturing the elements of both “what’s happening” and “what it means,” particularly in the context of macroeconomic and political developments and monetary and fiscal policy.

Candidates must have deep and broad contacts among syndicate desks, investors and traders, with in-depth knowledge of the new issue pricing cycle and the mechanics of secondary trading. Knowledge of Bloomberg’s fixed-income functions and databases is also necessary; familiarity with the Treasury and MBS markets a plus. All candidates must have the ability and market-specific knowledge to immediately discern actionable information from breaking news and have strong writing skills as well as make new contacts and turn them into sources.

Qualifications:
-Bachelor’s degree or equivalent experience
-Minimum of five years of fixed-income reporting and writing experience and/or five years in a comparable industry role (strategist/analyst/trader)
-Strong work ethic, team player, ability to work calmly in high-pressure environment

To apply, go here.

Michael Sasso

Bloomberg hires new airlines reporter

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Michael Sasso, a business reporter at The Tampa Tribune, has been hired by Bloomberg News to cover airlines out of its Atlanta bureau.

Tony Wilbert, a PR person in Atlanta, writes, “Mike Sasso starts at Bloomberg later this month after the obligatory training at Bloomberg Tower in New York, where he’ll be inundated in ‘The Bloomberg Way.’ We’re sure he’s covering Delta, United, USA Airways, UPS,

“Sasso is relocating from Tampa, Fla., where he worked 11 years at The Tampa Tribune and three at Lakeland Ledger. Mike’s most recently covered economic development and commercial real estate, the best beat in the business. He’s already updated his LinkedIn profile.

“I ran into Mike this morning during a spec breakfast at Flying Biscuit at Terminus in Buckhead. He smartly was meeting with his predecessor, Mary Jane Credeur, who left journalism in September 2013 for a job at commercial real estate services firm Transwestern.”

Read more here.

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Bloomberg hires digital editor from Vanity Fair

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Digital editor Chris Rovzar has left Vanity Fair for Bloomberg, according to Alexandra Steigrad of Women’s Wear Daily.

Steigrad writes, “Rovzar, who spent three years at the helm of vanityfair.com, will head up a new site on luxury at Bloomberg, according to sources with knowledge of the situation.

“Bloomberg declined to comment Wednesday, although the news site has made it known that it is in the process of making a larger push in the luxury and lifestyle space.

“Rovzar, who left the Condé Nast-owned publication on Friday, said he would start his new job in the coming weeks, following a vacation in London. He did not provide a specific start date.

“Vanity Fair’s longtime digital director Michael Hogan, who was brought back to the company in October, following stints at The Huffington Post and Moviefone, is currently interviewing possible successors for Rovzar.”

Read more here.

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Bloomberg TV launches on Amazon Fire TV

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Bloomberg Television announced Wednesday that it will have an application for Amazon Fire TV.

Bloomberg is the only live 24/7 business news channel on Fire TV.

Oke Okaro, global head and general manager mobile and connected devices at Bloomberg, writes:

Bloomberg on Amazon Fire TV gives users an extensive library of on-demand programming (including digital originals), a live 24/7 stream of Bloomberg Television and a live stream of select live events. The on-demand programming includes content packages for big news events, digital originals and popular shows like Bloomberg West, Charlie Rose, Brink, Bloomberg Surveillance, Game Changers and many more. With the tap of one button, users can easily add videos to their playlist and not only access them on their TV but also across any device (TV, mobile, websites). This is especially important to our audience of global users since more than 50 percent of them use 2 or more of our platforms to consume content.

Rapid and continuous innovation has always been a centerpiece of everything we do at Bloomberg. We see the release of the Bloomberg app on Amazon Fire TV as another step in that direction for the connected TV platform. According to a January 2014 eMarketer report, shipments of over-the-top devices will total nearly 2.7 billion units by 2017, amounting to an impressive increase of 86 percent between 2012 and 2017. We are extremely well positioned to take advantage of this rapidly emerging consumer trend, and our strategy is to utilize our advantages to pursue innovative direct streaming, over-the-top and on-demand experiences and disrupt our competitors through these new distribution platforms.

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Bloomberg seeks bonds/currencies reporter in London

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Bloomberg News is seeking an experienced editor in London to cover government bonds, currencies and money markets across Europe.

The successful candidate will join a team of reporters and editors who have set the standard for fast, accurate and insightful coverage of fixed-income and foreign-exchange news in the European markets. The role requires someone with experience of editing and reporting at a newspaper or news service. The editor must have the ability to coach reporters to get the most out of their stories while ensuring accuracy and speed at all times.

Qualifications:
-Previous financial journalism experience is essential
-Experience of working in a real time news environment is desirable
-Proven track record of editing financial stories IS DESIRABLE
-Experience covering markets in a real-time environment is desirable
-Knowledge of government bonds and/or currency markets is desirable
-Ability to coach reporters on sourcing, interviewing and writing is essential

To apply, go here.

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Bloomberg seeks commodities reporter in Beijing

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Bloomberg News is seeking a reporter to cover China’s commodities industry. Based in Beijing, the successful candidate will be required to break market-moving news and write agenda-setting and memorable features on companies active across mining and metals, food and agriculture.

In addition to a fantastic track record of scoops and insightful enterprise stories, the reporter should have a strong understanding of the policy issues that affect China’s resources industry. The reporter should be flexible, calm under pressure and a quick learner. He or she may from time to time be called upon to help cover China’s energy story and its commodities and energy markets, as well as other news coverage for our China bureaus and the wider Asian commodities and energy industry team. The position could also be based in Shanghai.

Qualifications:

- Experience of working in a real-time news environment or at a newspaper is preferred
- Chinese-language fluency is mandatory

To apply, go here.

Charlotte Porter

A business reporter who covers the weather

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Charlotte Porter, a reporter on the energy markets team at Bloomberg News, spoke with Lauren Meller of Bloomberg’s PR team about her beat, which is covering how weather affects energy prices.

Here is an excerpt:

You specialize in weather coverage. How did you get into this subject?

Early in my career, one of the first things drilled into me was how to do a wrap, pulling together material from reporters all over the country into a coherent narrative, and doing it quickly. Weather lent itself to this regularly.

How did you further explore your passion for weather when you arrived at Bloomberg?

After I joined Energy Markets, my team leader, Dan Stets, quickly came to see the advantage of regular weather coverage. Natural gas markets, in particular, pay close attention to the weather. Hurricanes can shut down offshore rigs and coastal refineries. Cold can freeze production at northern shale formations and affect natural gas demand and storage levels. El Ninos change worldwide weather patterns that have a direct impact on not only energy but agriculture.

Are there ebbs and flows in how busy you are, depending on seasonal weather patterns? Is there a particularly hectic time of the year for you?

Normally, I would say hurricane season is busiest, but this winter, it seems we just weren’t able to get a break, with storms almost every week and unrelenting cold. The weather does follow a pattern of sorts. In the U.S., November to March is considered the heating season, when natural gas demand peaks, and of course that’s when we get snow and cold. Spring is the heart of tornado and flooding season, and then the Atlantic hurricane season runs from June through November. There’s rarely a dull moment.

Read more here.

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Bloomberg exploring a politics site

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Bloomberg L.P. has talked to the prominent political journalists John Heilemann and Mark Halperin about launching a new politics offering, reports Joe Pompeo of Capital New York.

Pompeo writes, “Justin B. Smith, who was named C.E.O. of Bloomberg Media Group last fall after a long stint at Atlantic Media, recently concluded a review of the company’s consumer media division and has said that he wants to build out ‘a portfolio of new digital assets’ that attracts audiences beyond the subscribers who pay hefty fees for Bloomberg’s financial information and news-service terminals.

“Sources said that independent channels focused on politics and business are two such initiatives, and that Bloomberg Business is one of the names being considered for the latter product.

“As for the former, it’s unclear whether Heilemann, who presently writes for New York magazine, or Halperin, who works at Time, are interested in pursuing a potential politics play at Bloomberg. But sources said that the possibility has become a topic of conversation in Bloomberg’s Washington offices.”

Read more here.

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Ex-Bloomberg editor Richardson says company tried to muzzle him

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Ben Richardson, the editor at large at Bloomberg News who resigned earlier this month due to the company’s spiking of investigative stories in China, says the company has tried to keep him from talking about the issue.

Richardson spoke in an interview with Ellen Killoran of the International Business Times. Here is an excerpt:

IBT: You are the more vocal among the three recent departures (Forsythe, Bennett) who were involved in investigative journalism on China. You’ve mentioned that you are tied to a nondisclosure agreement and have refused to answer some questions specifically. Are you concerned about legal action from Bloomberg for speaking to reporters at all, or do you feel you are protecting yourself by avoiding discussion of some particulars?

BR: They’ve gone to great lengths to make me aware of my legal obligations to keep quiet. When you take a new job, you’re not really in a position to refuse the legal declarations that human resources departments put in front of you. Refuse and you lose the job. And in any case, who takes a new job imagining they’re going to end up where we’ve all found ourselves? It was only when I got into conflict with the company that I reviewed my legal obligations that I’d signed in 2001, including a very hefty “core guide.”

In any event I’m very keen to move on from discussing the details of what happened, and prefer to focus on the bigger issues that the incident raises…

IBT: What’s next for you?

BR: Researching the viability and sustainability of an Asia-based and Asia-focused public-interest journalism group. If you think the global media is under-resourced and under pressure, take a look at the local industry. Investigative journalism should be a fundamental component of a society’s fabric. We can’t rely on intermittent interest from news desks in America or Europe to deliver the consistent scrutiny needed to make governments in the region more accountable to their people.

Read more here.

 

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Why China needs Bloomberg more than Bloomberg needs China

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Gwynn Guilford of Quartz writes about Bloomberg’s situation in China, where it has apparently shied away from publishing investigative articles for fear of upsetting government officials.

Guilford writes, “While this might sound contrarian, the company over time likely has a lot more leverage to pursue both hard-hitting journalism and commercial success than its chairman Peter Grauer suggests.

“Chinese state-owned enterprises have Bloomberg terminals, despite the fact that China has its homegrown terminal technology, called Wind. Even researchers at the People’s Bank of China (paywall), the country’s central bank, use them. They do so because they need access to them to compete. While Bloomberg’s competitors could benefit from the government’s dissatisfaction with the company’s reporting, it’s not clear that’s happening or ever will.

“In fact, China needs Bloomberg a lot more than Bloomberg will need revenue from that market. As Chinese companies engage more with the global economy—particularly in complex things like currency and commodity trading—they’ll face an enormous competitive disadvantage without Bloomberg’s data and news.

“And that’s with a closed capital account. As China opens up its financial sector, its reliance on Bloomberg for fast, accurate global data and news could only grow—and the Chinese government’s ability to block that flow of information will risk the collateral damage of its own companies’ losses.”

Read more here.