US: Boston Globe cuts costs with new business section package

Posted by Carolyn Lo on April 8, 2008 at 8:44 AM
The Boston Sunday Globe will combine its Business & Money and Career sections beginning on April 20 to offer readers coverage on investing news and career advice in "one convenient place," according to the Boston Globe announcement. The announcement also stated that this move in eliminating weekly publication of stock and fund listings will also reduce costs.

The new section will be called Money & Careers, and it will have a new two-page package of stories and graphics on the most significant investing events of the week, replacing the stock and mutual fund listings.

Marketweek, the first page of the package, will contain summaries of the world's major markets, five companies whose stocks had major gains or losses for the week, and the biggest national and local gainer and losers.  

MoneyWeek, the second page, will include:
- New data and an investor calendar to spotlight upcoming events in the business world. to aid consumers make informed financial decisions with
- A series of graphics to visually aid consumers in understanding movements in economic indicators such as price of oil, gold, and milk, the unemployment rate, and more.
- Expanded listing of money rates to guide consumers in shopping for mortgages, car loans, CDs, government bonds, and more.
- A new table showing weekly and annual returns for the 50 most popular mutual funds in the country.

The Globe also will maintain 24-hour access to up-to-the-minute price quotes on stocks and mutual funds, free of charge, by telephone.

Featured columnists will be Scott Kirsner, Maggie Jackson, and Robert Weisman. Cheryl Costa, a financial adviser with Family Financial Architects Inc., will begin a personal finance blog on Boston.com, providing advice and answering reader questions.

Source: Boston.com

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