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Press
Releases
06/27/06
The
Associated Press wins a Loeb award, highest honor in business
journalism
LOS ANGELES (AP) -- The Associated
Press won a Loeb award, the highest honor in business journalism,
for a story examining a government loan program, and the Atlanta
Journal-Constitution won for its series on Georgia's notoriously
anti-consumer lending laws.
The Journal-Constitution's Ann Hardie, Carrie Teegardin and
Alan Judd wrote "Borrower Beware," which documented
links between state lawmakers, regulators and the lending
and auto industry. The series also revealed that the state
often blamed consumers for the unscrupulous tactics to which
they fell prey.
In the news services or online content category, Frank Bass,
Dirk Lammers and Larry Margasak of The Associated Press won
for "Sept. 11-Lax Loans." The story examined government
loans that were meant to help businesses in New York City
following the 2001 terrorist attacks but found that much of
the financing went to companies nationwide.
In beat reporting, Geeta Anand of The Wall Street Journal
won for "The Most Expensive Drugs and How They Came to
Be," about hidden truths in the drug industry, including
how lawmakers create legal monopolies that send prices higher.
The Loeb awards have been presented for 33 years by Anderson
School of Management at the University of California, Los
Angeles. They are named for Gerald Loeb, a financier and founding
partner of E.F. Hutton.
Myron Kandel, founding financial editor of CNN, won a Lifetime
Achievement Award.
Ronald Henkoff, a managing editor at Bloomberg News and editor
for Bloomberg Markets magazine, received the Lawrence Minard
Editor Award. The editing award is named for Laury Minard,
founding editor of Forbes Global and a former Loeb awards
judge.
The awards were presented Monday night at a dinner in Manhattan.
The winning entry in each category is awarded $2,000.
The full list of winners by category are:
Large Newspapers: The Atlanta Journal-Constitution, "Borrower
Beware."
Medium Newspapers: The Blade (Toledo, Ohio), "Ohio Rare
Coin Funds."
Small Newspapers: The Morning Call (Allentown, Pa.), "School's
Pursuit of Profit Leaves Students Behind."
Magazines: Fortune, "Why Carly's Big Bet Is Failing,
How the HP Board KO'd Carly."
Commentary: Steven Pearlstein of The Washington Post, "Business
and Economics Columns" and Robert L. Pollock of The Wall
Street Journal, "Review and Outlook: Kianna's Law."
Deadline Writing: The News Journal (New Castle, Del.), "Sale
of MBNA."
Beat Writing: The Wall Street Journal, "The Most Expensive
Drugs and How They Came to Be."
News Services or Online Content: The Associated Press, "Sept
11-Lax Loans."
Television Deadline: NBC Nightly News, "The Katrina Effect."
Television Enterprise: The NewsHour with Jim Lehrer, "China
Rising."
Business Book: James B. Stewart, "DisneyWar" from
Simon & Schuster.
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