Business Wire is considering whether to encourage corporations that distribute press releases through its service to delay sending announcements until a few minutes after 4 p.m. New York time, reducing the odds of altering their stock’s closing price.
Back in April 2013, the SEC said OK, fine. You can post materially important information about your company on social media as long as you make the public aware that this stuff might wind up there. This was after Netflix Chief Executive Officer Reed Hastings made comments on Facebook about the company’s viewership levels, and it created a bit of a buzz.
Business Wire, the unit of Warren Buffett’s Berkshire Hathaway Inc. that distributes press releases, rehired Serena Ehrlich to bolster social-media offerings as more clients turn to alternative outlets.
MedAssets Inc., the provider of supply-chain and cost-management services to health-care companies, is marketing debt as high-yield issuance is forecast to climb by almost triple the rate of investment-grade bonds in the second half of this year.
Business Wire, the unit of Warren Buffett’s Berkshire Hathaway Inc. that distributes press releases, said the U.S. Securities and Exchange Commission is hurting investors by allowing the increased use of social media sites for posting financial information.