Tag Archives: News event
Although there is two categories for business journalism, the winners of many of the other categories for the Deadline Club contest, organized by the New York chapter of the Society of Professional Journalists, were business journalists or stories about how business is affecting society.
Ellen Schultz of the Wall Street Journal, for example, won in the beat reporting category. The judges wrote, “Ellen Schultzâ€™s thorough and innovative coverage of the complex world of pensions exposes how federal benefits law has gradually shifted its protections from employees to the companies that employ them. Her writing illuminates what could be a mundane topic by combining well-researched reporting with compelling accounts of the effects these changes on people ranging from widows to former NFL players. By distilling arcane financial data into something easily understood she produces original and oftentimes surprising stories that not only explain complicated pension issues, but provide a service to readers.”
Erik Schatzker, Gavin Serkin, Peter Robison, Ann Saphir, Walden Siew, John Dooley, Otis Bilodeau and Malcom Shearmur of Bloomberg News won in the spot news category for their coverage of the Refco debacle. The judges wrote, “Our judges were impressed with the amount of detail and clarity the Bloomberg reporters were able to squeeze into their stories under heavy deadline pressure. Their ability to craft six stories that were both informative and insightful within a 24-hour time-frame left us wondering whether there were any details for anyone else to report.”
Pete Engardio, Manjeet Kripalani, Dexter Roberts, Brian Bremner, Steve Hamm, Bruce Einhorn, Frederik Balfour and the staff at BusinessWeek won for “China & India: What You Need To Know Now” in the business feature category. The judges wrote, “Everything an American investor ever wanted to know about China and India. A wide-ranging package of six ‘chapters’ any one of which would be a good examination of its subject matter, with 21 articles. Great breadth and scope, clearly setting forth the unconventionally examined challenged that are faced.”
David Evans, Michael Smith and Liz Willen of Bloomberg News won in the business series or investigative reporting category for “Big Pharma’s Shameful Secret.” The judges wrote, “This series addresses subcontracted clinical trials. This series feels like journalism at its best â€” driven by the reportersâ€™ curiosity, initiative and ultimately focused indignation over a system that exploits the most vulnerable for profit. The team never fails to get the other side but is unflinching in calling it the way they see it after what is clearly an enormous amount of reporting.”
See all of the winners here.
Stuart Jackson, who had been the business editor at the Hong Kong Standard, and before that was a high-ranking editor at Bloomberg News and at BusinessWeek, has been named the business editor of the South China Morning Post, according to this blog.
He was hired by Mark Clifford, himself a former BusinessWeek person. The blog noted, “Jackson is taking over the reins from Simon Pritchard, who left a month or two ago, and whom I quite liked. I’m not sure why or when Jackson left Bloomberg and didn’t realize he ended up at the Standard. But it makes sense since both he and Clifford worked at Business Week.”
Chris Lester, the Kansas City Star’s assistant manaing editor for business, wrote in Wednesday’s paper that the business section will be cutting its stock listings once again — this time from 3,000 to 1,000 stocks daily — and will use that space to provide additional editorial content.
Lester writes, “we will be able to devote more space to news and feature stories in every business section we produce during the week, even though our sections will be printed on smaller pages. We managed to make that happen, in part, through a thorough review of our presentation of financial data in our stock and mutual fund pages.
“Readers will notice a variety of changes in the financial market tables aimed at providing concise, value-added market news while also opening up more room for stories.
“We are hardly alone in making such changes, which will mark the fourth financial table redesign weâ€™ve made since 2000.”
Read more here. Lester said that there will be an additional two pages of editorial content on Tuesday and more than a page on Wednesday, Thursday and Friday.
Federal Reserve board chairman Ben Bernanke testified before Congress on Tuesday, and he called his comments to CNBC business journalism Maria Bartrimo at the White House Correspondents Association dinner a mistake. Bartiromo aried a report that noted Bernanke felt that the market and the media had misinterpreted his opinion about the economy, which caused the market to drop.
This wire report noted, “Responding to questions from Sen. Jim Bunning (R., Ky.) at a hearing on financial literacy, Mr. Bernanke pledged that he would make future communications through normal channels.
“Ms. Bartiromo caused a stir in financial markets when she reported that Mr. Bernanke told her at the White House correspondents’ dinner in late April that financial markets had misconstrued previous congressional testimony. Many analysts had taken that testimony to suggest the central bank was prepared to pause its nearly two-year rate-increase campaign, and Ms. Bartiromo’s report caused a jump in Treasury yields.
“‘In the future, my communications to the public and to the markets will be entirely through regular and formal channels,’ Mr. Bernanke said.
“Mr. Bernanke was also challenged by Mr. Bunning on the Fed’s most recent decision to raise the Federal funds rate by a quarter percentage point to 5%, a 16th-straight increase of that magnitude. Mr. Bunning said those rate increases have made it tougher for U.S. households to borrow.”
Christian Wihtol, a former business editor at the Eugene Register-Guard in Oregon, has been named a senior editor at the paper, according to an announcement in Tuesday’s paper. Wihtol is a former board member of the Society of American Business Editors and Writers.
Wihtol will oversee the newspaper’s five local news teams and will lead the newsroom’s daily planning process.
advertisement Wihtol has worked as an editor at The Register-Guard since 1990. He was business editor from 1990 to 2004 and government team editor from 2004 to 2006.
Before coming to The Register-Guard, he worked as a business reporter and as a copy editor at The Record in Hackensack, N.J.
In addition to his work as senior editor, Wihtol will continue to supervise a team of reporters who cover local government and environmental issues.
Read the announcement here.
Lance Williams has been promoted to editor of the Austin Business Journal, according to parent company American City Business Journals.
Williams joined the Business Journal as managing editor two years ago, moving from another American City Business Journal paper, the Cincinnati Business Courier, where he had worked as a reporter/editor. Prior to joining ACBJ, Williams worked as a bureau chief for the Lexington (Ky.) Herald-Leader and as a reporter for the St. Louis Post-Dispatch and Centre Daily Times in State College, Pa.
Chicago Sun-Times’ business editor Dan Miller has been named to the Chicago Journalism Hall of Fame, according to a story in the Tuesday paper.
Miller, 61, has been business editor of the Sun-Times since 1999. A graduate of the University of Minnesota, he began his journalism career in Chicago in 1968 at the Chicago Daily News as a business reporter and editorial writer. With the demise of the Daily News in 1978, he joined Crain Communications and helped launch Crain’s Chicago Business, where he served as editor and associate publisher for 15 years.
Gov. Jim Edgar named Miller chairman of the Illinois Commerce Commission from 1994-1998, after which he worked as publisher for the Heartland Institute, a libertarian-oriented think tank based in Chicago.
Read more here.
TheDeal.com Executive Editor Yvette Kantrow notes that a recent BusinessWeek story on how Bank of America wants to build an investment banking business sounds awfully familiar.
Last year, CNBC’s Maria Bartiromo posed the same question to BofA CEO Ken Lewis.
In 2003, both AFX and Reuters wrote the story. In 1999, it was American Banker and Dow Jones News Service.
Also in her weekly column on the business media, Kantrow notes how the media is gushing all over Sallie Krawcheck again, and how getting sued by Donald Trump hasn’t hurt Tim O’Brien at the New York Times.
Read more here.
Ken Yarmosh has an interesting comment on the future of blogging and the Internet on the TCS Daily this morning, and he gives a plug to the BusinessWeek blog written by Steve Baker and Heater Green.
Yarmoush writes, “More and more traditional print publications are getting their writers to blog. Essentially, these writer/bloggers act as filters, directing readers to interesting links or sharing quick opinions on current news items. BusinessWeek’s Blogspotting, written by Stephen Baker and Heather Green, is a good example of real-time news analysis by a business magazine.
“On the other side of the coin, there are sites like TailRank. Its focus is to use proprietary real-time ranking algorithms to discover the most linked to mainstream and blogosphere news items. After its analysis, TailRank subsequently lists and clusters related sources in order of popularity on its homepage. A site called memeorandum does something similar for politics and technology (with sister sites tracking gossip and baseball).
“While BusinessWeek and TailRank represent the traditional man versus machine approach, other relative newcomers have decided to meld the two ideas. Digg.com, for example, is a community driven site that allows users to ‘digg’ stories. Those stories that get dug the most eventually propagate through the system to the Digg homepage.”
Read more here. Quite provocative.
The Boston Herald named Frank Quaratiello, a 10-year veteran of the paper, to become deputy business editor, according to an article in the Monday paper. Quaratiello, 38, has most recently served as copy desk chief for the Heraldâ€™s Business Today section.
“Frank has been an integral part of the success of this department over the past 10 months, especially in the way our pages look,” said Business Editor Greg Gatlin. “He is a natural leader, who brings an abundance of terrific ideas, a sharp news sense and the right eye to pull it all together.”
Quaratiello joined the Herald in 1996 as a news copy editor. He is a former regional city editor at the Concord Monitor in New Hampshire, where he coordinated coverage of news in 40 towns. Quaratiello has worked at several papers in California, including as a staff writer and features editor at the Gilroy Dispatch and a staff writer at the Menlo Park Country Almanac. He holds a bachelorâ€™s degree from Stanford University.
“Iâ€™m looking forward to playing a greater role in shaping the Heraldâ€™s Business Today section and working more closely with our team of top-notch reporters, photographers, graphic artists and editors,” Quaratiello said in the story.
Read more here.
Gatlin had been the deputy biz editor, but was promoted earlier this year when the business editor left for a PR firm in Boston.