Bloomberg walks back Sony spinoff detail as coverage of Tokyo debut raises questions
Bloomberg has corrected its Sept. 29 coverage of Sony Financial Group’s Tokyo debut, acknowledging an error in the company name used in the eighth paragraph of its report. It was a small slip, but in a story so closely watched — Japan’s first direct listing in more than 20 years — precision matters.
The original article emphasized the sharp opening gains in Sony Financial shares, portraying the spinoff as a validation of both Sony’s corporate strategy and Japan’s broader reform push. But a deeper look at the coverage shows how misreporting can shape market perception.
Wall Street Journal forced to correct error in BBVA–Sabadell valuation coverage
The takeover battle between Spain’s BBVA and Banco Sabadell has been closely scrutinized by investors, regulators and retail shareholders alike. Yet a small numerical error in reporting by the Wall Street Journal shows how even minor inaccuracies can mislead markets during such high-stakes deals.
The paper initially reported that BBVA’s previous offer terms valued Sabadell shares at €3.14 based on Friday’s closing prices. In fact, the correct figure was €3.08. The correction was later issued at the foot of the article.
Bloomberg corrects report on China’s next five-year plan timeline
Bloomberg has issued a correction to its reporting on European business concerns in China after misstating the years covered by Beijing’s upcoming five-year plan.
An article published on 17 September initially gave the wrong timeframe for the plan, which will chart China’s economic development strategy from 2026 to 2030. The piece focused on calls by the European Union Chamber of Commerce in China for Beijing to rein in damaging price wars, stimulate domestic consumption and ease trade frictions linked to rare earth export controls.
Bloomberg amends JPMorgan-Plaid report after misstating date of joint statement
Bloomberg has corrected its reporting on JPMorgan Chase & Co.’s updated data-sharing agreement with Plaid Inc., after initially misstating the date of the joint statement between the two companies.
The article, published on August 26, detailed how the banking giant and the fintech agreed on a new pricing structure for consumer data requests — a move with significant implications for the future of open banking in the United States. But at the foot of the report, Bloomberg quietly noted that an earlier version had the date of the joint statement wrong.