CNNMoney pulls back from its H-P/dancers story

Arik Hesseldahl of All Things D writes that has basically retraced a story about Hewlett-Packard that stated the computer company had hired dancers for $20,000 to encourage its workers to be More »

Cannold named ABC News senior business editor

ABC News president Ben Sherwood sent out the following email announcement on Friday: I’m pleased to announce that Sandy Cannold has been named Executive Producer and Senior Business Editor of ABC News. More »

Financial Times faces weak ad market

Mark Sweney of The Guradian reports that Pearson Plc, the parent of the Financial Times, is saying that the business newspaper is facing a weak advertising market. Sweney writes, “Pearson has said More »

Bloomberg Businessweek named Design Studio of the Year

The monthly magazine and blog Creative Review – which covers advertising, design and visual culture — has selected Bloomberg Businessweek’s design team as its Design Studio of the Year. It writes, “Under creative director More »

Bloomberg View expands its staff

Bloomberg View announced Friday the expansion of its editorial board in the U.S. and Asia, and the addition of new columnists and a full-time writer for its blog, The Ticker. New members More »

Earnings call

Why aren’t journalists allowed to ask questions on earnings calls?


The quarterly earnings call is much more than a casual conversation among a company’s executives, analysts, investors and the media — it’s a carefully scripted dialogue that is practiced well in advance of a call.

The planning and preparation that goes into an earnings call allow little room for journalists to fire questions that may throw an executive off message or make them appear ignorant about a topic in front of a large audience that has the power to push a company’s stock price upward or send it plummeting.


Software glitch delays trading


Trading on the Chicago Board Options Exchange was delayed for more than three hours Thursday due to a software glitch, once again highlighted the fragile nature of making money trading.

Here are some of the details from Bloomberg:


SEC may require companies to disclose political donations


There was an interesting story in the New York Times about the intersection of the business and political worlds. Several lawmakers are urging the Securities and Exchange Commission to require companies to disclose political contributions, creating some transparency in the murky world of big donations.

Here are some of the details:


Trustee sues Corzine over MF Global collapse


Just weeks after entering settlement talks, the bankruptcy trustee for MF Global sued former CEO Jon Corzine for actions leading to the collapse of the brokerage.

Here’s the story from the New York Times:


Taking a closer look at the housing market


There were several pieces on Monday about the state of the housing market after sales of existing homes dropped slightly, according to the National Association of Realtors. One of my favorite parts about covering data that’s released every month is reading the lead anecdotes reporters find to illustrate the trends.

Here’s the lead from the Wall Street Journal story:


Frankie Flack: In a crisis, focus on those affected, not the biz media


Given the events of last week, it seems appropriate to spend some time discussing communications principles in the time of a crisis for a business.

There are a number of ways to define a crisis, and in fact, there are many divergent views on how best to handle a corporate crisis from a PR perspective.


Koch brothers eye Tribune Co.


Koch Industries, controlled by billionaires Charles and David of the same name, is now looking to expand their reach to the media, something new for the conglomerate.

Here’s the story from the New York Times:


Stocks drop after earnings reports


Remember when the market was peaking? Well, it seems that all that optimism on corporate performance was misplaced. Several companies have reported earnings that missed analysts estimates, prompting investors to pair back exposure to stocks.

Let’s start with the Wall Street Journal’s coverage of the market:

Monetary policy

IMF warns on monetary policy


The International Monetary Fund issued a report warning to finance ministers cautioning against continued stimulus.

Here’s the story from the Financial Times:

Bill C. Smith

I cover hedge funds, not skin cream


For public relations professionals, building strong relationships with reporters is the best way to collaborate on story ideas. However, PR pros are occasionally tasked with getting exposure in a completely new area, one in which they cannot rely on their current contact list.

In these situations, it is best to do a thorough background check instead of pitching a reporter with a blind email or call—and ruin the effectiveness of proper pitching techniques for the rest of us.


Housing poised for more gains?


There were a couple of stories out Tuesday about housing and its current state. While seeming unrelated, together they help readers make a prediction about which way the market will go.

The first story about new home starts comes from the Wall Street Journal:


Dish makes offer for Sprint


In a fun turn of events for technology reporters and Wall Street, Dish Network decided to put together a $25.5 billion bid for Sprint Nextel, offering a competing bid to Japanese Softbank’s.

Here are some of the details from the New York Times:

Nike logo

Nike searching for advertising glory


The New York Times analyzed Nike’s recent fall from the top of the advertising file in an interesting story Sunday. After the misstep congratulating Tiger Woods on regaining golf’s top spot, Nike is searching for share of buzz.

Here’s the story:


Covering banking and regulations


There were two similar stories in the Wall Street Journal and the New York Times on Thursday about the complexity of large financial firms and what they’re doing to simplify their structures.

The Journal story focused on the number of subsidiaries that many of the largest financial firms have and where they’re located.


Board members and business journalists


Two conversations I’ve had this week about board members of publicly traded companies have got me thinking about directors and business journalists.

The first conversation was with a student in my “Business Reporting” class.

Businessweek 2012

Most biz magazines post decline in ad revenue, ad pages


Most of the large business magazines posted a decline in advertising revenue during the first three months of the year, while the overall magazine industry had a small increase in ad money.

Leading the decline was Bloomberg Businessweek, which had a 30.2 percent drop in ad revenue to $35.4 million, according to data released by Publishers Information Bureau. Its ad pages dropped 32.6 percent during the same time period to 228.52 pages.


Covering the budget proposal


President Obama unveiled Wednesday his $3.78 trillion budget proposal, which is destined to be picked over and debated. Let’s take a look at the initial coverage of the proposal.

Here’s the story from the Wall Street Journal:

JC Penney

Covering a new CEO at J.C. Penney


The news that J.C. Penney replaced CEO Ron Johnson, who tried to remake the retailer into a one-price clothing store, means that activist investors won. And it also means the company is returning to the leadership of former CEO Myron Ullman.

The coverage was mostly complimentary. Here’s the New York Times basic take on the news:


Covering China and business


The coverage of China by the business press continues to be wide-ranging and extensive, which is as it should be given its increasingly important role in the global economy.

I was reminded Monday by several different stories about how the People’s Republic is all over the map in terms of its business environment.


Frankie Flack: Running away from Mr. Draper


The return of “Mad Men” last night spurred my thinking about the history of public relations.

As I watched the show, and the continuing growth of the fictional agency Sterling Cooper Draper Price, it occurred to me how the public relations industry back then was so young and that the power of PR was still years and years away from being truly understood.  While the number of workers in the advertising industry was large and growing, those practicing public relations constituted a small fraction of what it is today.