Behind The Street’s “coverage” of a penny stock
Keith Larsen and Rick Rothacker of The Charlotte Observer write about articles that appear on TheStreet.com about a Charlotte-based start-up that makes action cameras. Larsen and Rothacker write, “Those articles were written by Adam Heimann, a principal at Midam Ventures LLC. That’s the investor relations firm that has an agreement with Life Clips to run […]
Coverage: HP’s earnings beat expectations, but stock falls on forecast
HP Inc.’s revenue and earnings declined but beat estimates in its most recent quarter, but the computer company showed signs of stabilizing its declining PC business, its largest revenue generator. Don Clark of The Wall Street Journal had the news: The Palo Alto, Calif.-based company said its personal-systems revenue was flat in the latest quarter after five quarters […]
Inside Climate News wins Oakes Award for Exxon coverage
Columbia University’s Graduate School of Journalism announced Wednesday that Inside Climate News has won the 2016 John B. Oakes Award for Distinguished Environmental Journalism for its revelatory investigative series “Exxon: The Road Not Taken.” Reporters Neela Banerjee, John H. Cushman Jr., David Hasemyer and Lisa Song will be honored for the breakthrough investigation that exposed Exxon’s decades-long […]
How a student-run business news wire got started
The North Carolina Business News Wire is a new service from the UNC-Chapel Hill School of Media and Journalism that is being operated by some of its business journalism students. A story on MediaShift states, “The stories will be distributed in a daily email to media across the state, and media will be free to […]
Coverage: The fight for Viacom is finally over
Viacom CEO Philippe Dauman has agreed to resign from his position in a settlement with controlling shareholder Sumner Redstone and his daughter Shari Redstone. Paul Bond and Georg Szalai of The Hollywood Reporter had the news: Philippe Dauman, the son of a famous Life magazine photographer who later climbed up the corporate ladder from his start as a […]
Coverage: Private prison company stocks blasted after Justice Department ruling
Corporate Corrections of America Inc. and GEO Group saw their stock prices plummet on Thursday after the Justice Department announced that it would phase out using private prison operators. Hui-Yong Yu and Chris Strohm of Bloomberg News had the news: Corrections Corp. fell 35 percent to $17.57 at the close of trading, the real estate investment trust’s biggest […]
Coverage: Univision buys Gawker for $135 million
Univision won the bidding for blogging news company Gawker, paying $135 million for Nick Denton’s company forced into bankruptcy court protection after it lost a lawsuit for invasion of privacy from wrestler Hulk Hogan. Peter Kafka of Recode has the news: The TV network and digital publisher has agreed to pay $135 million for the bankrupt […]
Coverage: More bad news for Volkswagen
Justice Department officials found evidence of criminal wrongdoing in Volkswagen’s diesel-emissions cheating, and prosecutors are now negotiating what could be stiff financial penalties. Mike Spector and Aruna Viswanatha of The Wall Street Journal had the news: Federal prosecutors and Volkswagen lawyers have held preliminary discussions and are working to reach a settlement before the end of the year, though […]
Coverage: ComScore replaces CEO and CFO amid accounting issues
ComScore, which tracks media consumption, announced Wednesday that its chief executive officer was being replaced due to problems the California-based company found. Miriam Gottfried of The Wall Street Journal had the news: The media-measurement firm said Wednesday it was replacing Chief Executive Serge Matta with co-founder and chairman emeritus Gian Fulgoni and swapping out its chief financial officer […]
Coverage: Disney buys stake in baseball streaming service
Walt Disney Co. announced Tuesday that it was spending $1 billion to buy a stake in the Major League Baseball streaming service, adding to its ESPN sports business. Ben Fritz and Shalini Ramachandran of The Wall Street Journal had the news: One year after its shares began a 12% slide driven by concerns over ESPN’s growth trajectory, Walt […]
