Tag Archives: Wall Street Journal
Investors scour WSJ articles for Fed clues
by Chris Roush
Matt Egan of Fox Business Network writes about how investors look at the Wall Street Journal‘s Jon Hilsenrath, who covers the Federal Reserve, for clues as to where the economy is headed.
Egan writes, “To be sure, market participants didn’t appear to be suggesting anything sinister on the part of Hilsenrath. Instead, the comments indicate the perception that senior Fed officials may seek to influence market expectations on monetary policy through timely leaks to the Journal.
“‘My stories are based on a lot of reporting across a wide range of people inside and outside the Fed,’ Hilsenrath said in an email. ‘My intent is to accurately inform our readers about what the central bank is up to so they can make their own judgments, to hold the institution accountable and to break news. It is not to be a messenger.’
“The focus on a single reporter may not be entirely appropriate as investors looking to get an inside track on monetary policy similarly paid close attention to columns by other former Journal reporters, including Greg Ip.
“‘I’m glad people trust The Wall Street Journal enough to pay attention to our work,’ Hilsenrath said.
Read more here.
WSJ hires Sterngold to cover hedge funds
by Chris Roush
Francesco Guerrera, the money & investing editor for The Wall Street Journal, sent out the following announcement on Tuesday:
We are delighted to announce that Jim Sterngold is joining the WSJ as a senior special writer focusing on the hedge-fund industry. Jim is one of the most experienced, skilled and tough financial journalist around and his eye for a story, ability to work with others and knowledge of Wall Street will be a terrific addition to Money & Investing.
Jim previously spent 20 years at The New York Times covering Wall Street and then as a correspondent in Tokyo and Los Angeles, writing about topics ranging from economics and politics to national security, the prison system and culture and the arts. While at the Times, Jim shared a Pulitzer for the paper’s coverage of 9/11. After several years doing magazine writing and working at Bloomberg/Businessweek, Jim joined SmartMoney Magazine as a Senior Writer and then was a contributor at Fortune.
He is just completing a book, which he co-authored, on cancer research and treatment. Jim’s SmartMoney article on the weakness of mutual fund boards is a finalist for a Deadline Club award and his Businessweek article on Richard Fuld of Lehman was named best magazine financial article of 2010 by the Foreign Press Association.
In his new role, Jim will report to Brad Reagan, our recently appointed Investing Editor.
WSJ names new Afghan/Pakistan reporter
by Chris Roush
Yaroslav Trofimov, editor of Afghanistan and Pakistan for The Wall Street Journal, and Paul Beckett, Asia editor of the paper, sent out the following staff announcement on Tuesday:
We are delighted to announce that Margherita Stancati is joining the Afghanistan and Pakistan bureau of The Wall Street Journal as a correspondent. She will be based in Kabul, covering that country’s critical security and political transition as U.S.-led coalition forces withdraw and President Karzai’s successor is elected next year.
She will report to Yaroslav and work closely with Nathan Hodge, who becomes Senior Correspondent in the bureau, and with Saeed Shah, the Journal’s correspondent based in Islamabad.
Margherita, a graduate of Oxford University, speaks Persian in addition to her native Italian. She worked in Iran before joining the Journal first as a news assistant in Rome, and then as the editor of India Real Time in New Delhi.
Please join us in congratulating Margherita on her new role.
WSJ, Bloomberg win awards from Silurians
by Chris Roush
The Wall Street Journal is the winner in the business and financial category of the Society of the Silurians‘ 2012 Excellence in Journalism Awards Competition.
Jean Pulliam, Rob Barry and Jean Eaglesham of the Wall Street Journal won for their exhaustive six-month investigation that uncovered insider trading by a thousand corporate executives who traded stock in their own companies ahead of potentially market-moving corporate news announcements.
In addition, Susan Antilla won the prize for commentary for a series of eyeopening Bloomberg columns that illuminate how abuses by financial firms, lax regulation and unfair industry practices harm investors, consumers and even employees.
Bloomberg reporter Esme E. Duprez won the prize for magazine reporting for her sensitive and finely-tuned piece on income inequality and its ramifications on social mobility. Titled “Poor Forever? Connecticut’s Ribbon of Hardship,” it chronicles two families as they struggle to move up the financial ladder against great odds. She poignantly brings to life the reality of the growing gulf between rich and poor.
The Silurians, founded in 1924, is an organization of veteran journalists dedicated to excellence and journalistic integrity.
WSJ names editors to oversee ethics, standards
by Chris Roush
Wall Street Journal managing editor Gerard Baker sent out the following editor appointmsnts Thursday afternoon:
An unshakeable commitment to the strictest ethics and the highest values is at the core of our journalism. Everything we do at Dow Jones is underpinned by our striving to meet the most elevated standards of reporting and editing. It is the foundation of the trust our readers place in us.
As we complete the integration of the Journal and Newswires we place renewed emphasis on those standards. We will shortly be a fully integrated newsroom that produces thousands of headlines, articles, blog posts, comments, tweets, videos and other journalistic articulations a day. As we have noted, this is an unmatched opportunity to extend and enhance our content. But it also requires us to be ever more vigilant in enforcing our standards.
Today I am delighted to announce that Neal Lipschutz will lead these efforts. He becomes Editor, Ethics, overseeing ethics and standards for The Wall Street Journal and all of Dow Jones. He will be the arbiter on all standards and ethics issues. Neal will report to me.
Karen Miller Pensiero is named Editor, Newsroom Standards. Karen will oversee our final reading and journalism standards and ethics, among other areas. She also will continue to oversee standards and ethics training for the global news group. Karen will report to Neal.
Neal has been a linchpin of Dow Jones journalism for more than three decades. He embodies the very spirit of our values and standards. He joined the company in 1982 as a national copy reader for Dow Jones Capital Markets Report. He has held a series of news management positions for what was the stand-alone Dow Jones Newswires news team. He was named to his current role of Newswires managing editor in 2005. Neal received a 2011 Best in Business award from the Society of American Business Editors and Writers for his columns for Dow Jones Newswires.
Karen is among the most trusted and experienced editors we have. She joined Dow Jones in 1984 as an intern and then in 1985 as a copy editor at The Wall Street Journal Europe in Brussels, where she later was Money & Markets Editor. She moved to New York in 1990 to create the Overseas Copy Desk, and has held a variety of corporate positions, including director of corporate communications and director of Dow Jones Interactive Publishing International. She rejoined the news department in 2004 to bolster its standards and ethics team.
With Neal’s appointment, the title of Managing Editor, Dow Jones Newswires, is retired. I will be appointing a new editor to oversee the newswires products. But this change should be read as the ultimate statement of our commitment to creating a single news organization. Newswires now no longer has a separate reporting and managerial structure; it is, instead, a central part of a single, harmonized, global newsroom.
Please join me in congratulating Neal and Karen on their new roles.
WSJ names editor of content development
by Chris Roush
Wall Street Journal managing editor Gerard Baker sent out the following staff promotion on Thursday:
As technology advances and demand for reliable information grows apace, we face proliferating opportunities to expand our audience and increase the range of ways in which we interact with it. The most dynamic news organizations will seize those opportunities and dominate the media landscape.
To help us achieve that goal, I am pleased to announce that Elyse Tanouye is appointed to a new role as Editor, Content Development, leading efforts to broaden our journalism’s reach and impact through books, e-books, television and film, events, and specialized web projects. An initial project will focus on building a WSJ e-book line with News Corp.’s Harper Collins, following on from the successful publication last month of our ebook on Pope Francis.
Elyse is admirably equipped to achieve these objectives, having been an invaluable member of the Dow Jones news staff for 25 years. She has served as Deputy Managing Editor for Standards and Ethics since 2011 and previously she was the Corporate Editor, tasked with transforming the Marketplace section to focus on business news and features. As the health and science bureau chief, Elyse led reporters whose health coverage in print and online won multiple awards. She was part of a team of reporters and editors who won recognition for their coverage of breakthroughs in AIDS therapies in the mid-1990s.
Elyse joined Dow Jones in 1988 and in addition to her unrivaled news experience, she also has an MBA, making her that rare thing in our world: a journalist who knows how to run and grow a business!
Please join me in congratulating Elyse on her new role.
WSJ names senior editor for Europe, Middle East and Africa
by Chris Roush
Thorold Barker, the Wall Street Journal editor who oversees coverage of Europe, the Middle East and Africa, sent out the following staff promotion on Tuesday morning:
I am delighted to announce that Bruce Orwall is appointed Senior Editor, Europe, Middle East and Africa. Bruce’s new role is a pivotal step in the integration of the European news organization as we focus on building our local audience across all platforms, while also boosting the quality of our news and analysis in the region for global readers.
He will lead the news operations of the combined WSJ and Newswires teams. Bureau chiefs in the region will report to him on day-to-day news-related matters, as will the London-based editors responsible for financial, corporate and political/economic coverage.
Bruce has been the Wall Street Journal’s London Bureau Chief since 2009. In London, he has led a wide array of coverage from Libor manipulation and the WikiLeaks saga to News Corp.’s phone hacking scandal, the 2012 Summer Olympics and a royal wedding.
From 2004 to 2009, Bruce was the Los Angeles Bureau Chief, overseeing areas including the entertainment business, immigration, the aerospace and defense industries and gambling. Prior to that, he was the West Coast Entertainment Editor, overseeing coverage of the media business in L.A. while continuing to work as a reporter covering Walt Disney Co. and other Hollywood entities. He joined the Journal in 1995, initially covering the casino and hotel industries.
Bruce came to the Journal from the St. Paul Pioneer Press, where he worked from 1987 to 1995, and The Herald (Everett, WA) where he began his career in 1984. He is a graduate of the University of Washington.
Please join me in congratulating Bruce on his new role.
Marketwatch EIC Krim named WSJ’s tech editor/SF bureau chief
by Chris Roush
Wall Street Journal managing editor Gerard Baker sent out the following staff promotion on Monday:
I’m delighted to announce that Jonathan Krim is appointed Technology Editor and San Francisco Bureau Chief for The Wall Street Journal and Dow Jones.
In his new role, Jonathan will lead our global coverage of technology and drive expansion of tech readership around the world. The Journal’s unrivalled global reach makes us uniquely placed to produce the most comprehensive, lively and authoritative reporting of this most important business sector. From breaking news in real time on some of the best-known companies in the world to providing the most insightful analysis of where tech is headed to providing fast and in-depth reporting on tech finance and innovation, Jonathan will lead an expanded team to ever greater journalistic dominance.
Jonathan is an experienced journalist with a rich background in technology and general news coverage. He spent 17 years at the San Jose Mercury News in Silicon Valley, where, among other roles, he oversaw business and technology coverage. Among his many successes, he led prize-winning coverage of Philippine President Ferdinand Marcos’s international finances and the northern California earthquake of 1989. He also covered technology policy for The Washington Post.
Jonathan is a digital innovator and has successfully managed major online publications. Most recently, he oversaw Marketwatch, where, during his two-year tenure, site visits increased nearly 50%. Prior to his stint at Marketwatch, Jonathan was Deputy Managing Editor for washingtonpost.com and Senior Deputy Managing Editor for WSJ.com.
Jonathan will report to Dennis Berman, Business Editor for Dow Jones and The Wall Street Journal.
Hey WSJ reporters, wear some makeup when you go on video
by Chris Roush
Wall Street Journal deputy managing editor Matt Murray and head of video operations Chris Cramer sent out the following to the staff on Monday:
Video continues to become a bigger, more vital part of how we deliver news to our audience, and we continue to refine our video offerings in what is increasingly a highly competitive environment. “WSJ Live,” as we call our video output, generates programming for 30 different platforms including WSJ.com and from Apple TV to Xbox. Monthly video views hit 35 million in 2012.
Many of you have embraced our video revolution, and as this tremendous growth continues, we anticipate an ever-larger number of reporters and editors will be called on to deliver news this way, just as we do on other platforms.
In that light, we want to remind those appearing on camera that you should take into consideration your appearance both in terms of journalistic content and on-air presentation.
People are watching – and they are watching you. All of us appearing on-air should take care to present ourselves in the best light possible, and that includes physical appearance. As many of our regular guests already know, neat and professional dress, combed hair and a quick visit to our resident makeup artist on the 6th floor is encouraged before each appearance for both men and women – even for just a quick dash of powder. You want the spotlight focused on your stellar journalism – not shining off your forehead.
For those of you in 1211 Avenue of the Americas office, please ask the producer booking you to schedule a couple of minutes in makeup before an appearance. We fully understand and appreciate the deadline pressure you are under and will make you camera ready in moments. If you’re in a bureau or coming to us remotely, please keep the above guidelines in mind prior to your appearance.
If you have questions about any aspect of presentation, please contact Andy Regal, Joanne Po or Wendy Bounds.
Some serious love for WSJ’s MoneyBeat
by Chris Roush
Joshua Brown of The Reformed Broker has praise for The Wall Street Journal’s new blog called MoneyBeat.
Brown writes, “In an era when everyone in financial media is spreading out their resources and chasing new verticals for pageviews on a quest to gain “traction” among this or that ancillary audience, the Wall Street Journal has just done something very smart – they went the other way.
“On April 15th, the WSJ rolled out a new blog format that combined six of their best blogs (MarketBeat, The Source, Overheard and all the global Deal Journals) into one Voltron-esque sheet entitled MoneyBeat. Now you’re getting market action, M&A, trading, investing, analyst and strategist calls and more in one feed.
“If you’ve been seeing a lot of MoneyBeat lately it’s probably because the content is being heavily shared and linked to from my site and many others. Consensus among the bloggers I talk to is that the WSJ has nailed it. Even Barry likes it and he usually hates anything new that disrupts his flow.
“MoneyBeat is now comprehensive enough to challenge DealBook and FT Alpha but it remains focused enough on investing so as to stand apart. BTW, we’re still waiting for the Bloomberg market blog page (with View columnists I suppose?) but I fear that each post will be 48 paragraphs long, extending down to the floor.”
Read more here.
