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Reading Through Schering's Plowing

04/04/08 - 10:46 AM EDT

Marek Fuchs

Got that? Read that one quickly and you'll come away with the impression of a company in control of its own destiny.

Look, by way of more favorable comparison, at the way Lisa Rapaport and Luke Timmerman at Bloomberg handle Hassan's overheated claim. Right after they quote him talking about control of destiny by "taking tough action now," we get a heading: "No Details."

In case you missed the point, the next sentence reads: "The cuts will concentrate on general and administrative spending, research and development, and manufacturing, Hassan said. He declined to provide details."

Instead of turning the article back to Hassan for a big finish about powering through difficulties, Bloomberg appropriately runs "Congressional Probe" as its last heading, tying it all together in the kicker by criticizing lack of data for the troubled drugs. Power that.

Know What You Own: Schering-Plough operates in the pharmaceutical industry, and some of the other stocks in its field include Bristol-Myers Squibb(BMY - Cramer's Take - Stockpickr), Pfizer(PFE - Cramer's Take - Stockpickr) and Sanofi-Aventis(SNY - Cramer's Take - Stockpickr). These stocks were recently trading at $22.00, +0.51%, $21.26, -0.37% and $38.38, -0.26%, respectively. For more on the value of knowing what you own, visit TheStreet.com's Investing A-to-Z section.

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At the time of publication, Fuchs had no positions in any of the stocks mentioned in this column.

Marek Fuchs was a stockbroker for Shearson Lehman Brothers and a money manager before becoming a journalist who wrote The New York Times' "County Lines" column for six years. He also did back-up beat coverage of The New York Knicks for the paper's Sports section for two seasons and covered other professional and collegiate sports. He has contributed frequently to many of the Times' other sections, including National, Metro, Escapes, Style, Real Estate, Arts & Leisure, Travel, Money & Business, Circuits and the Op-Ed Page. For his "Business Press Maven? column on how business and finance are covered by the media, Fuchs was named best business journalist critic in the nation by the Talking Biz website at The University of North Carolina School of Journalism and Mass Communication. Fuchs is a frequent speaker on the business media, in venues ranging from National Public Radio to the annual conference of the Society of American Business Editors and Writers. Fuchs appreciates your feedback; click here to send him an email.


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Biotech

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