Tag Archives: Markets coverage

Bloomberg keyboard

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.

Bloomberg

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.

Seeking Alpha

Seeking Alpha takes steps to prevent paid stock promotion

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Eli Hoffmann, the senior vice president of content and editor in chief at SeekingAlpha.com, writes about how the financial site is taking additional steps to prevent writers from posting content about stocks they were paid to promote.

Hoffmann writes, “We are grateful to Richard Pearson for his outstanding undercover work in unearthing foul play on Seeking Alpha and other investing websites, and for sharing his research with us proactively so that we could deal promptly with non-compliant authors. You can read Richard’s recent articles on this topic here and here.

“This discovery has led us to re-examine our contributor due-diligence policies, and to implement the following safeguards:

  1. Ticker monitoring and blacklisting: We now monitor a number of websites that keep running tabs on stocks that are being actively promoted. When we receive an article on a stock that is suspected of promotion, the article must be reviewed and approved by a managing editor. We have also blacklisted certain stocks from publication altogether in order not to fall prey to promotion.
  2. IP tracking: We recently deployed IP tracking in our content management system. We are now able to cross-check article submissions against each other, which has helped us uncover a number of contributors submitting under false identities.
  3. ID verification: In cooperation with IDology, we are deploying a system to validate contributors’ identities by matching our information against publicly available databases. In cases where we’re unable to validate a contributor’s identity, we require them to submit official photo ID which IDology can independently validate.
  4. Zero-tolerance policy: Any contributor found to have cooperated with stock promoters will have his contributor status permanently revoked, no exceptions.”

Read more here.

 

Taina Rosa

Mergermarket hires senior reporter from The Deal

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Mergermarket and Dealreporter has hired Taina Rosa as a new senior reporter for its consumer beat.

Rosa will initially focus on the group’s private equity relationships in this sector. Rosa has been writing on private equity since 2006 for The Deal and Latin Finance and has specialized in middle-market deals, the bread-and-butter for many of Mergermarket’s readers.

Prior to that she was a reporter in Puerto Rico writing on health, insurance, education, retail and real estate for the Caribbean Business.

Margermarket itself was sold last year by the parent of The Financial Times to some private equity investors.

In her free time Rosa notches up air miles travelling and is a fitness fanatic, mainly Muay Thai. She is a Universidad de Puerto Rico graduate.

Seeking Alpha

Seeking Alpha editor: We did not disclose anonymous source

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Eli Hoffmann, senior vice president and editor in chief of Seeking Alpha, writes about the resolution of its case with Greenlight Capital’s David Einhorn, who wanted the financial site to disclose the name of an anonymous writer who disclosed one of Einhorn’s investments.

Hoffmann writes, “We were about to file our opposition to this petition, but Greenlight dropped the suit of its own accord. We did not at any time disclose the author’s identity formally or informally, and at no time were our actions dictated by reaching any sort of deal with Greenlight.

“So why did they drop the case? It seems they were able to contact the author, who convinced Greenlight that he had built his thesis by joining the dots on publicly-available information.

“We’re pleased this has ended. But given the appropriate opportunity, we will defend our position when challenged. This is not the first demand we have had to disclose pseudonymous authors’ identities; we have yet to disclose author identity in any claim submitted to court.

“Platforms such as Seeking Alpha are protected by Section 230 of the Communications Decency Act, which provides immunity from liability for providers and users of an ‘interactive computer service’ who publish information provided by others. This doesn’t stop attempts to file pre-action motions to try and get to specific posters, but so far our experience has been that the claims get shut down or withdrawn.”

Read more here. Einhorn has posted in the comments section that the statement “who convinced Greenlight that he had built his thesis by joining the dots on publicly-available information” is materially incorrect.

seekingalpha-logo

Anonymous sources, Trish Regan and business journalism

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Felix Salmon of Reuters writes Monday about Bloomberg Television’s Trish Regan and her interview with Seeking Alpha CEO David Siegel where she was critical of his company’s refusal to disclose the name of an anonymous writer who had disclosed an investment by hedge fund manager David Einhorn.

Salmon writes, “Let’s say that the blogger in question had phoned up Regan and told her (off the record, but with Regan knowing her source’s identity) that Einhorn was buying up shares of Micron Technology. That might have turned into a nice little scoop for Regan, if she had confirmed it with other sources — all of whom would themselves surely have insisted on anonymity as well.

‘If Regan had published that story, Einhorn would surely have been annoyed, since he was taking great care to accumulate his stake in Micron as quietly as possible. But here’s the thing: Einhorn would never have dared take Regan and Bloomberg to court, trying to force them to reveal her sources. If a journalistic organization finds out a true fact and publishes it, that might inconvenience a hedge-fund manager, but it’s not going to result in a court case.

“In the Micron case, however, Einhorn saw an outlet which was small enough to bully. If he wins, as Sorkin says, ‘the case could have a chilling effect on the free flow of information to traditional news outlets’ — it would damage not only Seeking Alpha and its pseudonymous blogger, but also Trish Regan and all other journalists with confidential sources. Einhorn wants to be able to keep his own information confidential; he just doesn’t want Seeking Alpha to have a similar right.

“If anybody deserves a lecture on journalism in this case, then, it’s not Siegel, it’s Einhorn. Meanwhile, Siegel is faced with a very hard decision. Einhorn is not the kind of person to back down from a fight: he has essentially bottomless resources, and will happily spend millions of dollars on lawyers just to make Seeking Alpha’s life miserable and expensive for the foreseeable future. Big media organizations are set up to fight such threats; smaller startups aren’t.”

Read more here.

cnbc_logo

Investor asks for his ban from CNBC to be lifted

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Doug Kass, a money manager who writes for TheStreet.com, writes about how he has been banned from appearing on Larry Kudlow‘s last show of “The Kudlow Report” for comments he made last year in a New York Post article.

Kass writes, “This morning I am reaching out to CNBC to put my comments in the New York Post in the proper perspective, to discontinue the Dougie Kass CNBC embargo and to reconsider its decision not to invite me onto Larry’s final show.

“It would give me great pleasure in honoring a great American and good friend this week on CNBC.

“As I have written today, respectful disagreement should be encouraged not discouraged.

“Invite me on CNBC based on the merits of my analysis, the originality of my views and my ability to communicate an opinion clearly and succinctly. Don’t continue to be influenced by a one-sided, misconstrued and biased (CNBC-hating) New York Post column published last August.

“The olive branch has been offered to CNBC.”

Read more here.

Seeking Alpha CEO David Siegel

Seeking Alpha president discusses anonymous writers

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Seeking Alpha President David Siegel discusses crowd-sourced stock opinions on Bloomberg Television’s “In The Loop.”

He also addressed the issues regarding Seeking Alpha allowing writers to post anonymously on its website.

“Our focus is on building the best possible site we can with a vigorous editorial review,” said Siegel in the interview. He said that Seeking Alpha knows the identities of its anonymous bloggers and that it does a vigorous background check on them.

Seeking Alpha

Seeking Alpha needs to change its anonymous policy

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John Kimelman of Barron’s writes that Seeking Alpha should change its policy that allows writes to post anonymously.

Kimelman writes, “Even though Barron’s magazine and its Website would never allow a writer to pen a column without a real byline, I can understand why anonymity might be appropriate in certain instances on a site like Seeking Alpha. For example, why not limit the privilege to instances in which writers are potentially putting themselves or their careers in harm’s way by calling out wrongdoing?

“I contend that Seeking Alpha, given its large readership, could insist that many more writers use their real names and still attract plenty of copy.

“Seeking Alpha also faces another problem but one with no easy solution. It asks that all its writers list whether they are long or short the stocks they are writing about. But there is no way to enforce honest answers. Hoffman admits that his writers are simply on the honor system. Thus, one has to wonder whether the anonymous writer of a tough article on a company has a short position on the stock, even if he or she says he’s not invested.

“Then there’s the issue of the experience level of many of the writers. Many are college students and at-home investment hobbyists with limited academic qualifications. I wouldn’t suggest that a smart, serious college student or hobbyist isn’t capable of doing his homework on a stock. But good investment writing involves both analytical skills and writing ability. And people with limited experience are usually at a disadvantage.”

Read more here.