Citi unit exits Bloomberg chat groups
©Reuters Citigroup is stopping traders in its foreign exchange division from using internal chat groups on their Bloomberg terminals, in the latest sign of concern by banks over online security…
‘Facebook fatigue’ stirs investor concern
©Getty As Facebook prepares to mark its first year as a public company on Saturday, it is facing pressure from investors to address fears that young people are losing interest…
HSBC plan could leave it dodging bullets
Healthy stags grow big antlers to demonstrate their ability to accumulate more energy than they need purely to survive. A share buyback by HSBC would have the same function. The…
Letter gives Hirai chance to aid Sony
Daniel Loeb’s tilt at Sony has achieved one goal already. As the activist investor quietly built his $1.1bn stake in the Japanese electronics icon, its shares were climbing. The disclosure…
JPMorgan demands Bloomberg staff logs
Lawyers for JPMorgan Chase have demanded that Bloomberg hand over five years’ worth of employee logs, as the bank considers whether to take legal action against the news and data…
Banker to chair Mecom as pressure worsens
Mecom, the struggling European newspaper publisher, is preparing to appoint a veteran investment banker as its chairman as shareholders ramp up pressure to sell assets. The London-listed company is finalising…
New Yorker reveals system to mask sources
Four decades after Deep Throat met Bob Woodward in a Washington parking garage, news organisations are scrambling to find ways to protect their confidential sources in the digital age as…
Centaur sacks chief and warns on profit
Shares in Centaur Media, the publisher of the Lawyer and Corporate Adviser trade magazines, fell by 28.7 per cent after it issued a profit warning and sacked its chief executive.…
Dish lines up $9bn financing for Sprint bid
Dish Network has lined up financing on its $25.5bn bid for Sprint Nextel, overcoming attempts by its rival suitor SoftBank of Japan to persuade banks to boycott the US group,…
Bloomberg Way is given public focus
Two principles have guided Bloomberg News since Matt Winkler launched the service for Michael Bloomberg’s upstart financial terminals business in 1990. Bloomberg News would adhere to the highest standards of…
BoE attacks ‘reprehensible’ Bloomberg
Bloomberg has been accused of “reprehensible” behaviour by the Bank of England, in the strongest official response since it emerged that Bloomberg reporters had been using its terminals to track…
Watchdog criticises BBC over move costs
The BBC has been criticised over relocation payments made to London staff following the moving of much of its output, including Blue Peter and BBC Breakfast, to Salford. A report…
Kobo’s ‘gift of reading’ campaign
Client:KoboTerritory: Canada, US, Australia, Italy, BrazilAgency: John StVerdict: 3/5 The makers of ereaders are becoming brave in their promotions. First, Amazon’s Kindle launched an advertisement supportive of gay marriage. Then…
Bloomberg users’ messages leaked online
More than ten thousand private messages sent between users of Bloomberg’s financial terminals have leaked online, undermining the company’s attempts to restore faith in its ability to keep client data…
Algorithms threaten to end ‘Mad Men’ era
©AP Television networks are this week rolling out the red carpet for dozens of celebrities and hundreds of advertisers attending their annual “upfront” sales presentations. The decades-old ritual, featuring star-studded…