Business Coverage

Once again, in its quest for a scapegoat for a crisis facing society, the media has set its sights on a large corporation. A segment on the April 28 "World News with Charles Gibson" by ABC correspondent Jeffrey Kofman, reporting from La Gloria, Mexico, went after Smithfield Foods, Inc. (NYSE:SFD) for operating a pig farm near the city where the swine flu pandemic is believed to have originated…

While the business press has been preoccupied with day-to-day events in the ongoing saga of Government, er, General Motors, it has failed to note that its two closest competitors have gained substantial ground -- and quickly.This chart shows just how quickly (Sources - Feb. and March 2009; January GM and Ford; January Toyota; December 2008):Gosh, I wonder why this has happened?

"The liberal media deserve the Tammy Wynette Award for their coverage of Obama’s radical agenda, as they continue to devotedly stand by their man," quipped Media Research Center President and NewsBusters Publisher Brent Bozell in an April 27 statement.[see bottom of post for full press release] "For the pro-Obama liberal media, the Obama honeymoon is nowhere near over," Bozell argued, reacting to…

If CNBC on-air talent has really had their hands tied by General Electric and NBC management on criticizing the current administration's economic policy, you couldn't tell it from watching Rick Santelli and Larry Kudlow.  On CNBC's April 24 "The Call," Santelli expressed his frustration with an overreaction by the government to solve the financial crisis when Kudlow asked him about the expansion…

On Friday’s CBS Early Show, co-host Maggie Rodriguez asked Democratic Senator Chris Dodd about efforts by Congress to pass legislation that would punish credit card companies for charging higher fees and interest rates: "Senator, yesterday President Obama says that he wants legislation to stop credit card abuses. This is something that you have been pushing for, for years. And I don't have to…

It has been something that there have been rumblings about, but no one has really put the x's and o's together entirely - that General Electric (NYSE:GE) is using its media arm, NBC Universal to promote President Barack Obama's so-called progressive agenda for its own financial gain. However, as just previewed by Amy Ridenour, Fox News Channel host Bill O'Reilly attempted to do so at the top of…

Of all the things for CNN to pick as an e-mail alert topic, AutoNation's profitable first-quarter results seemed quite an odd selection. But there it was:It appears that CNN wanted harried readers who wouldn't dig deeper to think that the "auto industry" as a whole is recovering, or at least stabilizing, and that maybe there's even a way out for General Motors and Chrysler that doesn't involve a…

I receive a daily e-mail from SmartMoney.com, usually within an hour or two after the stock markets' closing bell.While its descriptions of daily trading have usually been in sync with reality, in two of the past three days days they have whitewashed pretty dour news.Here's how Monday's capsule of the markets' results read:You might be surprised to learn how big Smart Money thought a mere "dip"…

It was either an effort to avoid blaming individuals for ill-advised borrowing or an effort to vilify the banking system, but a segment on the April 20 "CBS Evening News" took a very one-sided view of credit-card lending.  On a day bank stocks struggled and dragged the Dow Jones Industrial Average (DJIA) down nearly 300 points, "Evening News" scrutinized the current state of the banking system's…

Back in the fall, you would have thought from the media coverage of the TARP debate and its eventual passage that some sort of crime had been committed when the House didn't pass it the first time around. "CBS Evening News" anchor Katie Couric demanded to know from House Minority Leader John Boehner, "What in the world are you people doing?" on her Sept. 29 broadcast. However, there was a side…

Despite all the criticisms of the Fox News Channel broadcasted on MSNBC for promoting tea party coverage, one thing hasn't been pointed out - how the NBC networks, including CNBC and MSNBC are given a pass for their shameless promotion of their Green Week and Green is Universal network events. Jonah Goldberg, editor-at-large for National Review and author of "Liberal Fascism," appeared on Fox…

Are "the suits" looking for Rick Santelli's head? General Electric CEO Jeffery Immelt, thought to be one of Keith Olbermann's biggest supporters, and NBC Universal President Jeff Zucker are reported to have called some of CNBC's on-air talent to a secret meeting at least if the The New York Post's Page Six column for April 16 has it right. The meeting was called to scold the cable yackers for…

While Fox News has celebrated the Taxpayer Tea Party rallies and MSNBC has denigrated them, the impetus of the movement - CNBC and specifically Rick Santelli, its inspiration - had been conspicuously quiet about it. But on CNBC's "Squawk Box" April 15, co-host Joe Kernen asked Santelli what he thought of being a "cultural phenomenon." That was the same show Santelli famously called out President…

With the Tax Day tea party rallies just three days away, outside of the Fox News Channel, the coverage has been lacking. And, it was something that even Washington Post media columnist and host of CNN's "Reliable Sources" Howard Kurtz acknowledged on his April 12 program. "The folks at Fox News have found something to be for in this age of Obama," Kurtz said. "They are firmly in favor of tea…