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Media Navel Gaze: February 21, 2012

Mark Kollar  Follow

The Week Unpeeled

The markets continued their upward march, albeit at a steady pace, amid what seems like a slight bit of cautious optimism in the US with the White House predicting that 2.0 million jobs will be created (caveat!) if its policies are enacted. Still, the Dow ended at a 52-week high at 12,939 (also in part because of signs of some progress of a Greek bailout).

Elsewhere:

  • A few Congressmen called on the FTC to investigate Google following a story in The Wall Street Journal last week that the company was overriding privacy settings;
  • UPS made a bid ($6.4BB) for Dutch shipper TNT Express;
  • News Corp announced that it will launch a Sunday edition of its popular Sun;
  • UK Prime Minister met Scotland's First Minister to discuss the future of Scotland and to broker a deal over the referendum on Scottish independence from the United Kingdom;
  • Moody's Investors Service sent shock waves through the global banking system and sparked fury in the City of London as the ratings agency threatened to slash the credit scores of more than 100 banks in the wake of Europe's debt crisis. The agency has put the ratings of 114 banks in Europe under review, as well as 17 investment banks;
  • Germany's President, Christian Wulff has announced his resignation following a home loan scandal;
  • New York Times correspondent Anthony Shadid died in Syria of an apparent asthma attack;
  • The world and most networks remembered Whitney Houston, whose funeral was Saturday; and
  • The biggest winner at this year's Baftas (the British Academy of Film and Television Arts awards) in London was French silent film The Artist, which picked up seven awards. And Bafta's highest accolade, a fellowship, went to Martin Scorsese for a lifetime achievement in cinema.

Pitch Perfect Grapevine

  • It looks like New York Times business editor Larry Ingrassia has found a replacement for Eric Dash. Jessica Silver-Greenberg will be joining the Business Day section in mid-March to cover banking. Jessica reported for The Wall Street Journal for the past couple of years and previously reported for BusinessWeek. She's won a bunch of awards for her writing, including a Sabew, and I seem to remember her being less than friendly to me one time on the phone.
  • Murray Coleman has settled in to his role at Dow Jones, having passed his gig writing the ETF Focus column and the Focus on Funds blog for Barron's off to Brendan Conway. Murray will be writing a column on the same topic twice a week as part of the Dow Jones wealth management team.
  • You heard it here first! This was in the Grapevine three weeks ago, but Gorkana finally reported this week that David Benoit is the new lead writer of The Wall Street Journal's Deal Journal. David has taken over for Shira Ovide, who moved to the San Francisco bay area to cover technology. CJP

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