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Lehman Hires Former Goldman Executive For Asia: WSJ
(Reuters) - Lehman Brothers Holdings Inc LEH hired Julian Cheong, a managing director at rival Goldman Sachs Group Inc GS, as co-head of its financial institutions group for Asia-Pacific, the Wall Street Journal said on Tuesday, citing people familiar with the...
U.S. Retailer Mervyn's Fights For Survival: WSJ
NEW YORK (Reuters) - Department store chain Mervyn's LLC is fighting for survival after a lender pulled financing and some vendors stopped shipments, the Wall Street Journal reported on its website on Sunday. The company has been trying to persuade vendors to send...
Fortress Mortgage Fund Down About 30 Percent: WSJ
NEW YORK (Reuters) - A Fortress Investment Group LLC FIG fund, the Fortress Mortgage Opportunities Fund, is down about 30 percent three months after the firm raised funds for it, the Wall Street Journal reported on its website on Sunday. Fortress raised $560...
Ford to Retool U.S. Plants For European Cars: Report
CHICAGO (Reuters) - Car maker Ford Motor Co F is drawing up plans to retool American plants to make small, fuel-efficient passenger cars that it mainly makes and sells in Europe, the Wall Street Journal reported on Saturday. The paper said Ford has...
Paulson Cool to Shield Fannie/Freddie Investors - WSJ
WASHINGTON (Reuters UK) - U.S. Treasury Secretary Henry Paulson is insisting that if Fannie Mae FNM and Freddie Mac FRE need rescuing, the plan should not benefit shareholders of the giant mortgage finance firms, the Wall Street Journal said on Saturday. Citing people familiar with...
Journal Defies Odds by Maintaining Paywall
Almost alone in its field, the Wall Street Journal has been able to maintain its online paid subscription model when virtually every other news site has abandoned the paid-content approach. When he first took over the Journal last year, Rupert Murdoch said he would scrap the subscription...
Buyers Shying Away From GE's Credit Card Business: WSJ
NEW YORK (Reuters) - General Electric Co's GE auction of its $30 billion credit-card business is attracting only tepid interest, according to an article on the Wall Street Journal's website. Prospective buyers are afraid that customers of stores like Wal-Mart Stores...
Boston Globe, WSJ.com Launch Blogsites for Women
Though reeling on many fronts, some U.S. newspapers are starting to explore whether blogs can offer a way to hold onto audience segments that are fragmenting faster than the polar ice caps. Several new efforts target specific subgroups of women readers. The Boston Globe has launched a...
Why the Financial Times Makes Money as Others Flail
Almost overlooked amidst the flood of red ink flowing from newspaper companies lately, is the remarkable success of The Financial Times FT, most certainly one of the best business rags in the world. No U.S. newspaper can yet compete with the salmon-colored FT for its overseas...
Insurers vs. Drug Dangers: Cheap but Ineffective?
Health insurers are hoping to ride to the government's rescue on drug safety. With various pharmaceutical scandals still in the headlines (Vioxx, Avandia and Vytorin chief among them), drug safety has been Topic A in certain corners of the healthcare world, especially with the Food and Drug...
Steve Yoder Explains How to Be a Good Wall Street Journal Source
I had the pleasure of serving on a PRSA Silicon Valley Media Training panel last Friday with Steve Yoder, San Francisco bureau chief of the The Wall Street Journal. Steve was very generous with his time and shared many tips and strategies for doing a better job working with the...
Why Directors Should Not Become CEOs?
The Wall Street Journal's Joanne S. Lublin says today that in the latest version of management musical chairs, outside directors are moving insde as chi'ef executive officers. Because it's such a hassle to access the Journal site, here's the jist of what she...
Soft Drink Companies Tout Water Practices, But Many Remain Skeptical
The World Economic Forum is set to kick off tomorrow in Davos, Switzerland. Top of the agenda: the looming shortage of fresh water. Pepsi Co's Chairman and CEO, Indra Nooyi, is co-chair of this year's meeting, and both her company and its soft drink rival, Coca Cola, have been out...
The Rise and Fall of Media Giants
More from PRWeek's wrap-up of the year just past in their 2007 Book of Lists. Today: media companies on the rise, and those that took a hit in 2007: Media on the rise in 2007: Dow Jones: DJ must be happy to be under...
Word on the Street is that the Street Will Be Free
Rupert Murdoch's News Corp has big plans for the Wall Street Journal once the $5 billion deal is finalized this year. Murdoch says he'll likely make WSJ.com free. Previously, all articles were offered only to subscribers. The Wall Street Journal would join some other large newspaper holdings to...
How to Recover From a Bad Business Deal
Bad deals happen to good people. Perhaps your company responded to industry changes with a good-on-paper strategy that failed to be transformational. Maybe some of the big guns made decisions based on high-up relationships but failed to foster the integration of corporate cultures. Or maybe conducting due diligence became more about...
Seeking Credit in a Tough Market: A Round-Up of Advice
With the turbulence in the financial markets and the resultant liquidity crunch, it's becoming harder for people and businesses to get credit. The Wall Street Journal recently reported that USAA Federal Savings Bank raised credit-score cutoffs and Citigroup is charging higher auto-loan rates for borrowers with less than perfect credit....
Fugitive Norman Hsu's Forty Million Hoodwink
Yoink! The Wall Street Journal has discovered the intriguing source of Norman Hsu's seemingly limitless cache of campaign contribution cash. Hsu was largely financed by an investment fund run by Woodstock co-founder Joel Rosenman. How much did Rosenman's fund uwittingly put up for Hsu's political gallivanting? A cool $40 mil....
Scandal Ridden China Most Resembles ...?
America in the 1880s was rife with scandals and shady business deals -- Charles Dickens railed against our counterfeiting, Germany banned our contaminated pork, an investigation in Boston found, among other crimes, milk bulked up with chalk. Does this sound vaguely familiar? In a fascinating article in...
Can Murdoch Reorient the WSJ Without Alienating Existing Customers?
With the Bancroft family, primary owner of Dow Jones & Company, publisher of the Wall Street Journal, finally agreeing Tuesday night to accept Rupert Murdoch's News Corp's $5 billion bid for the company, one would think that the soap opera would be over. But frenzied media coverage continues, mostly speculating...
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