TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Bloomberg editor apologizes over private data

About The Tribune-Review
The Tribune-Review can be reached via e-mail or at 412-321-6460.
Contact Us | Video | Photo Reprints

By The Associated Press

Published: Tuesday, May 14, 2013, 12:01 a.m.

The editor-in-chief of Bloomberg News apologized on Monday for the financial news service's practice of accessing private data on clients through the company's ubiquitous information service for stock and bond traders.

Journalists at Bloomberg News, until recently, had been able to see when clients last accessed their Bloomberg information terminals and what broad categories of functions they used. Goldman Sachs had complained that a Bloomberg reporter was using the information to investigate whether a Goldman employee had departed.

“Our client is right,” editor-in-chief Matthew Winkler said in an online posting. “Our reporters should not have access to any data considered proprietary. I am sorry they did. The error is inexcusable.”

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Highmark’s insurance profit falls 40%
  2. Corbett: Coal is working
  3. Mastech Holdings records 51 percent profit jump in 1st quarter
  4. PNC’s CEO elected board chairman
  5. Drugmakers ready to carve out deals any way they can
  6. More women seize opportunities to start businesses
  7. Earthquakes could affect Beaver Valley nuke plant more than first thought
  8. McDonald’s profit slips amid weak sales
  9. BNY Mellon notches $661M profit in 1st quarter
  10. Google challenges nonprofits on ideas to use Glass
  11. Young visionaries at PieceMaker Technologies Inc. see future in 3-D
Subscribe today! Click here for our subscription offers.