Here's one unexpected (but tough to pity) victim of the MF Global meltdown: Mayor Michael Bloomberg.
When the brokerage filed for bankruptcy, Bloomberg LP lost 600 terminal subscribers, or about $1 million in monthly revenue, The New York Times reports, causing the company to miss target sales by 12 percent and possibly taking a toll on bonuses. Read More
French luxury home goods maker Daum Inc. and its sister dinnerware company Haviland will officially move out of its longtime Madison Avenue storefront to 4,500 square feet of office and retail space at 499 Park Avenue, where the business had been recently operating a temporary store for the holiday season.
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120 Park Avenue
Rarely does a company take half of a tower without so much as a whisper beforehand. It's even more extraordinary when that company swoops into a space that everyone in the industry thought was taken
But this is Bloomberg LP we're talking about--the nimble behemoth that, for better or worse, has become Read More
The thrust behind Bloomberg LP has always been the premium it puts on carting a wealth of indispensable services to its Wall Street subscribers. Now, the news service will be taking its New York-honed talents to The Hill with Bloomberg Government, The New York Times reports. It's an ambitious attempt to infiltrate the fee-based Read More
Hugh Wiley was named publisher of Bloomberg BusinessWeek today, completing a trifecta of recent changes to business-side leadership in the magazine world.
Mr. Wiley was at Time Inc. for nearly 25 years, most recently leading the business side at Fortune.
At BBW Mr. Wiley replaces Jessica Sibley, who left earlier this week to take over Read More
Executives at Bloomberg LP announced today that they have hired Oke Okaro as the news organization's new head of consumer mobile businesss. Mr. Okaro joins Bloomberg LP from ESPN where he was the VP of mobile.
From the release:
Okaro will oversee all aspects of Bloomberg’s consumer-facing mobile business including the development of new mobile products and Read More
BusinessWeek, the flailing magazine reborn after being purchased by Bloomberg last year, is about to be re-reborn. There's a big redesign in the works, and, oh yes, a bunch of layoffs. Keith Kelly of the Post reports that it's in for "a sweeping restructuring that will see many of Read More
The first issue of Bloomberg BusinessWeek landed in news stands today. What is it like?
First, the logo: "Bloomberg" is tucked discreetly between the the "B" and "i" in "Business."
The front of the book runs about 30 pages, and offers short write-ups on the Fed, GM, and "What Lurks on the Books of Banks."
The cover story Read More
Grand magazine launches may be a thing of the past, but at least we have the rebirth of BusinessWeek to watch. Media Decoder has a memo from chief content officer Norm Pearlstine (and integration leader Chris Walters) that outlines upcoming developments in Bloomberg BusinessWeek's staff.
He writes that Bloomberg "expects to retain a majority Read More
One day in early February, the broadcasting division of Bloomberg L.P. let go roughly a hundred employees, including a number of seasoned on-air reporters and anchors. Since that day, the financial world has remained in turmoil and news from the global markets has been breaking around the clock. So how has Bloomberg TV kept Read More
