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’Fox News does a Bloomberg
Well, we at FT Alphaville never thought we’d see a conservative news organisation going after a Republican-controlled institution, but here it is.
Fox Business Network is pulling a Bloomberg and sueing the US Treasury for info on its use of bailout funds — specifically those relating to AIG and Citi (perhaps they’re viewed as more liberal than other bailout fund-recipients?).
How to handle the truth
Bloomberg’s well-publicised attempt to get the names of those institutions benefiting from the more than $2,000bn of emergency loans from US taxpayers – together with details of the assets the Fed is accepting as collateral – has failed to come up with anything.
Merrill set to sell Bloomberg stake
Merrill Lynch is set to sell its 20% stake in Bloomberg for about $4.5bn but will retain its far more valuable 49% holding in money manager BlackRock. The sale of the Bloomberg stake back to Michael Bloomberg,
Pink Picks
Must-reads in the FT on Wednesday,
Welcome to a world with $500 oil
How far will the real price of oil and other carbon-based resources rise?, asks Willem Buiter in his Maverecon blog. “Experts (I am not one of them) differ widely in their medium-term and long-term predictions,
Merrill considered BlackRock, Bloomberg sales
Merrill Lynch CEO John Thain said that the world’s largest brokerage would consider selling its stakes in news and financial data company Bloomberg and money manager BlackRock if it needed more capital,
Pastorini, denied a firing squad, vows not to pay $900,000 fine
Has the moment finally arrived when we can actually believe what hoax Gold Fields bidder Edward Pastorini (nee Theodore Roxford and/or Lawrence Niren) is saying? Most probably.
The chances of (Pastorini’s
Will the real Pastorini please stand up?
Our favourite US financier is back. Mainly it would seem because Bloomberg simply cannot stop flogging their long dead, and rotting, horse.
Felix Salmon has spotted that the long-promised profile of the mysterious Gold Fields bidder,
Bloomberg to boost reporting team
Bloomberg, the privately owned news and information company, will expand its 2,300-strong news operation by more than 10 per cent this year as news plays a growing role in the content on the electronic system.
Er, who the hell is the Gold Fields bidder?
The Bloomberg story is unequivocal: a $12.5bn bid is on the way for Gold Fields, the iconic South African gold miner, from Edward Pastorini. The newswire has even seen documentation backing up the plan.