Congratulations to IR Magazine US Awards Winners!

March 30, 2012

Last week, Business Wire was proud to sponsor the 2012 IR Magazine US Awards in New York City. Our team attended the ceremony and BW President Gregg Castano presented the Best Overall Mid-Cap Award. We’re pleased to sponsor the event photos for the Awards.

>>View the event photos here

Here are some pictures of our team at the ceremony:

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Congratulations to all the winners!


BW50: Without You, There is No Us

October 24, 2011
by Gregg Castano, President, Business Wire

Gregg Castano, President, Business Wire

As part of Business Wire’s 50th anniversary celebration, Business Wire held a cocktail reception in San Francisco, the city of our founding in 1961, at the Palace Hotel in downtown SF on Thursday, October 13.

I had the honor of delivering brief remarks to the assembled throng of about 200 or so clients, partners, friends and colleagues.  Since we couldn’t invite all of you to this event, I wanted to share the substance of those remarks via this posting, because the sentiments expressed there apply to all Business Wire offices, clients, partners, friends and colleagues worldwide:

Business Wire is really a story of the local kid who made good.  On October 2, 1961, in San Francisco, Business Wire was founded by Lorry I. Lokey, a former journalist and PR professional, and a man with vision, perseverance and a firm belief in an IDEA.  While Lorry may be unfamiliar to many of you of a certain generation and outside of the Bay Area, after the sale of Business Wire to Berkshire Hathaway in 2006, he has gone on to become one of the world’s leading philanthropists and a significant participant in the Warren Buffett-Bill Gates “Giving Pledge” campaign.

Business Wire President Gregg Castano

Gregg Castano addresses attendees of Business Wire's 50th Anniversary event in San Francisco

While we have held similar celebrations across the United States this month in honor of our 50th anniversary, including ringing the Opening Bell at the New York Stock Exchange on September 30th with Warren Buffett, the simple fact that this celebration was being held in San Francisco made it a unique and poignant event for us – because this is where it all began. In fact, in another indication of our deep San Francisco roots, our current CEO, Cathy Baron Tamraz, began her Business Wire career as an editor in our San Francisco office more years ago than she will permit me to divulge.  And though based in New York, Cathy still maintains an oft-visited office in our co-Headquarters on Montgomery Street in the SF financial district. As the icing on the cake, in recognition of those humble SF beginnings and what ensued over the next half century, the Honorable Edwin Lee, Mayor of San Francisco, officially proclaimed Oct 2 to be Business Wire Day in that city.

So how did we get from there – October 2, 1961 – to here?

Without embarking on a Business Wire 101 history lesson, let’s just say that from Day 1, Business Wire was imbued with the spirit with which we were founded. One that enabled us to defy long odds to grow from a tiny local Bay Area experiment to a global leader in the communications industry, which became so accomplished that it attracted the attention of the world’s most respected investor, Berkshire Hathaway’s Warren Buffett.

Throughout the years, that spirit has driven us to be disruptors (the good kind), first movers and innovators in a highly competitive environment in which change is rapid, unforgiving and inexorable.

Here are just a few examples of this:

  • Business Wire was the first newswire to transmit releases via satellite, rather than teletype, which at the time was revolutionary.
  • While, unlike Al Gore, we didn’t actually invent the Internet, we did figure out some pretty good uses for it. Such as:
  1. We were the first wire with its own website.
  2. We were the first wire to send news simultaneously to both the media and the investment community in the wake of Reg FD.
  3. We were the first – and only – wire to be awarded both a US and Canadian patent for our Internet-based news delivery platform – N/X.
  4. And for good measure, we also were recently awarded a patent for our Search Engine Optimization technology.

While technology is at the heart of Business Wire, we’ve always recognized that its soul is our people.  We know that people are the keys to success and the ones who establish and perpetuate any company’s reputation. So we take great care in selecting people who represent the values we most cherish – knowledgeable and people-oriented men and women who possess an abundance of honesty, integrity, professionalism and a customer-first attitude.

When you combine folks with those characteristics with our technological prowess and a passion for breaking new ground, you get success.  You get – Business Wire.

However, there is an additional, essential piece to this puzzle.  It’s YOU, our customers and business partners.  We know that without you, there is no Us.

So the recent celebration in San Francisco, and elsewhere, wasn’t just the marking of a milestone in the passage of time, but was also a commemoration of a tremendously successful, 50 year long partnership between Business Wire, its customers and its business partners.

We thank you all for being part of this fabulous 50 year ride – and we hope you will be with us for the next 50!


Business Wire’s 50th Anniversary College Contest Highlight: Zan Zhang

September 7, 2011

We knew there was a reason to open up Business Wire college video contest to Canada and one of our top ten finalists is proof it was the right decision.  Zan Zhang, a junior working towards his Bachelor of Commerce at Queen’s University in Ontario, Canada may just win the grand prize with the winner to meet Warren Buffett, chairman & CEO of Business Wire’s parent company, Berkshire Hathaway, at Business Wire’s NYSE Opening Bell luncheon on September 30th, 2011. View Zan’s video here (9th one).

When asked why Zan wanted to meet Mr. Buffett, he answered “I want to meet Mr. Buffett because he is someone that has helped shape my life, just as Benjamin Graham influenced his. Currently, the principles of Graham’s value investing are fading into the past, with few advocates leading its future. I hope to continue spreading financial literacy and investing discipline to emerging markets around the world, and Mr. Buffett can definitely help me progress along the correct path.”

Zan Zhang is the previous President & CEO (2009-11 of Investors of Tomorrow, Canada’s largest charity devoted to spreading financial literacy amongst youth, as well as the Queen’s University Investment Counsel, which invests a real-money portfolio of approximately $600,000 in equity markets. In the fall semester, he will be going on an academic exchange as part of his program to Tsinghua University in Beijing, China. 

When Zan isn’t investing or learning about investing, he is playing the piano.  Zan was a music instructor and has also won awards for classical piano at the ARCT-Performance level. You can even listen to him play on his video.

Show your support to all the top video finalists on our Facebook page and let our executive judging committee including Business Wire’s chairman and CEO Cathy Baron Tamraz and President Gregg Castano your favorites by commenting and “liking” them. You can also show your support on Twitter using hashtag #BWZAN.


Business Wire’s 50th Anniversary College Contest Highlight: Eric Tawney

September 6, 2011

What kind of kid starts a “Stock Market Club” in high school? Eric Tawney, a Finance and Economics student from Oakland University does. With such a young excitement for investing, it is no wonder that Eric is a huge fan of Warren Buffett, chairman & CEO of Business Wire’s parent company, Berkshire Hathaway. Eric discovered Business Wire college video contest when he was searching for a way to write a letter to Mr. Buffett because he wanted to share with him the impact he had on Eric’s decision to study finance and economics. With the chance to meet Mr. Buffett in person, Eric entered our contest and is now one of the top ten finalists with the winner to receive a trip to Business Wire’s NYSE Opening Bell luncheon on September 30th, 2011. View Eric’s video here (1st one).

 
When asked why Eric wanted to meet Mr. Buffett, he answered “Mr. Buffett’s message for people to identify their passion and pursue it has resounded inside of me. I want the chance to speak with him about his life’s path; his successes and his failures and thank him for guiding me to pursue a career that I am absolutely passionate about. I would show Mr. Buffett that he has touched individual lives by speaking with him on how he played an integral part in my development growing up and how his life story became an inspiration for me to pursue investment management.”

Eric is current President of the Society for Applied Investing and Financial Education and also President of the Economic Students Association. In addition, he is a business scholar within Oakland’s School of Business Administration. In his free time, Eric volunteers his time tutoring and advising students on career planning and this past summer volunteered as a summer finance instructor at a Detroit intercity youth community center. Next up for Eric is getting his Masters in Public Policy or International Affairs.

Show your support to all the top video finalists on our Facebook page and let our executive judging committee including Business Wire’s chairman and CEO Cathy Baron Tamraz and President Gregg Castano your favorites by commenting and “liking” them. You can also show your support on Twitter using hashtag #BWERIC.


Business Wire’s 50th Anniversary College Contest Highlight: Stephen Roegge

September 1, 2011

One google search on “How to meet Warren Buffett” was the beginning for our next finalist who is now one of the top ten finalists in Business Wire college video contest.  Stephen Roegge, a sophomore studying Business Administration at Georgia Tech, has always been a fan of Mr. Buffett and is even more so after he finished reading The Snowball: Warren Buffett and the Business of Life.  The winner of the contest will meet Warren Buffett, chairman & CEO of Business Wire’s parent company, Berkshire Hathaway, at Business Wire’s NYSE Opening Bell luncheon on September 30th, 2011. View Stephen’s video here (8th one).

When asked why Stephen wanted to meet Mr. Buffett, he answered “I want to meet Mr. Buffett because he is one of the smartest people in the world. He is seriously my #1 role model and getting to meet him would make me the happiest college student in the world.”

Stephen was born and raised in Alpharetta, Georgia and has a real love for Atlanta sports.  His favorite team is the Atlanta Hawks, but he is also a huge fan of the Atlanta Falcons and the Atlanta Braves.

Stephen is still unsure what his future holds, but he knows it will involve business and investing as these are his main interests.  He hopes to have a job in the future that allows him to work hard and also allows him to make the world better.  Stephen feels Mr. Buffett is a great example of both and consider Mr. Buffett a major inspiration.

Show your support to all the top video finalists on our Facebook page and let our executive judging committee including Business Wire’s chairman and CEO Cathy Baron Tamraz and President Gregg Castano your favorites by commenting and “liking” them. You can also show your support on Twitter using hashtag #BWSTEPHEN.


Business Wire’s 50th Anniversary College Contest Highlight: Shannon McGreal-Miller

August 31, 2011

It’s been said in order to see the future, you must look into the past.  Our next finalist for the Business Wire college video contest just did that.  Shannon McGreal-Miller, a junior from Michigan State University studying Marketing, used examples from Abraham Lincoln’s campaign where Mathew Brady took a photo of Mr. Lincoln to communicate with voters that Mr. Lincoln was not the wild man he was being portrayed as. It ultimately changed his image allowing him to win the election.  As a top ten finalist, Shannon may win a chance to meet Warren Buffett, chairman & CEO of Business Wire’s parent company, Berkshire Hathaway, at Business Wire’s NYSE Opening Bell luncheon on September 30th, 2011. View her video here (7th video).


When asked why she wanted to meet Mr. Buffett, Shannon answered “If I was able to meet Mr. Buffett I would be honored to hear any advice he had for a determined, college-student who wants to make an impact on the world! Meeting Mr. Buffett would be like Mufasa showing Simba Pride Rock in Lion King: Epic!!”

Shannon has a real passion for her hometown, which is also her college town, and considers herself a Spartan fan to the core. She credits this to the wonderful people including Val Berryman, curator of history at the MSU Museum.  Shannon shares that prior to Mr. Berryman’s help she was planning on using spray paint and cardboard and is thankful to have Mr. Berryman as a resource.  She has received numerous emails from her MSU professors, including the chairman of her department, and even received a Lincoln mug from a fan.  Read her article in the MSU paper here.


Show your support to all the top video finalists on our Facebook page and let our executive judging committee including Business Wire’s chairman and CEO Cathy Baron Tamraz and President Gregg Castano your favorites by commenting and “liking” them. You can also show your support on Twitter using hashtag #BWSHANNON.


Business Wire’s 50th Anniversary College Contest Highlight: Haley Lesavoy and “Bob”

August 30, 2011

Our next finalist for the Business Wire college video contest knew she wanted to go into broadcast news when she anchored for her middle school’s morning announcement show Serendipity Live.  Haley Lesavoy is a senior studying Journalism and Mass Communications at The George Washington University.   She created one of our top ten selected videos, where the winner will meet Warren Buffett, chairman & CEO of Business Wire’s parent company, Berkshire Hathaway, at Business Wire’s NYSE Opening Bell luncheon on September 30th, 2011. View Haley and Bob’s video here (2nd one).

When asked why Haley wants to meet Mr. Buffett, she answered “He is a figure who has been able to achieve success while maintaining an honest, humble and well respected reputation. Most importantly, he is someone who emphasizes the importance of passion and doing what you love.”

As a lover of broadcasting, Haley does what she loves.  Haley has worked for the school newspaper, television and radio stations and currently serves as Director of Productions for GWTV.  In addition, she is host of her own music countdown show, Select Seven. She is a two-time Gracie Award Winner, recipient of the Loreen Arbus Award at the 2010 College Emmy’s, has worked as a freelancer for Bloomberg News in New York, and this past year produced and served as an on-camera reporter for the Washington Post website.  Haley is currently contributing to the homeland security, terrorism, consumer safety, and aviation units at ABC News in Washington, D.C.  She hopes to one day host her own entertainment show.  You can view her work on her vimeo page including her college contest video outtakes.

Show your support to all the top video finalists on our Facebook page and let our executive judging committee including Business Wire’s chairman and CEO Cathy Baron Tamraz and President Gregg Castano your favorites by commenting and “liking” them. You can also show your support on Twitter using hashtag #BWHALEY.


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