Business Diary: US expats cry foul over 'Wall Street Journal'
Monday 02 November 2009
Much huffing and puffing amongst US expats about a coup pulled off by Patience Wheatcroft, the new editor-in-chief of the Wall Street Journal in Europe. Once Ms Wheatcroft has finished a revamp of the European edition of the paper, its owner, Dow Jones, plans to stop selling the US edition on this side of the Atlantic. Its small, but loyal, band of readers is not happy.
A long history in stylish transport
We're indebted to news agency Reuters for its useful background information on the Cosmen family, the largest shareholder in National Express. Responding to the Cosmen announcement of concern about the company's strategy Reuters tells us "the Spanish business dynasty started in 1728 by running horse-drawn carriages in the Asturias region".
WPP pinches someone else's LUV in slogan
Sir Martin Sorrell is renowned for his original thinking and quotable soundbites. But Sir Martin's description of the likely LUV-shaped pattern of the global economy, so widely quoted over the weekend, was pinched from a Thomson Reuters analyst. Still, at least the WPP man was prepared to credit his inspiration.
Something amiss on the News at Ten
What's going on at the BBC's flagship News at Ten bulletin? The show appears to be haemorrhaging viewers – only a year ago, ratings almost always topped five million, but are now down to about 4.5m – and standards are on the slide. A lead story last week on the report into the Nimrod crash was captioned "damming report".
The slightly less salubrious end of town
As the Westfield shopping centre celebrates its first year of trading in west London, its development alongside the Olympic site in East London is coming on at a pace. Big-name tenants including M&S and John Lewis have already been secured, though there will be no area dedicated to luxury stores. Retail Week reports that Westfield believes East Londoners have "slightly less spend in their pockets".
Number of the day -2.1 per cent
The performance of the FTSE 100 Index during October, its first negative month since June
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End of the licence fee: BBC to back radical overhaul of how it is funded
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