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The Guardian - UK
The Guardian - UK
Business
Roy Greenslade

Bloomberg falls for fool's gold bid

To the evident delight of the Financial Times it appears that Bloomberg has been fooled by running a fake story. Bloomberg reported that a US financier by the name of Edward Pastorini was preparing to led a $12.5bn bid South Africa's Gold Fields, the world's fourth-largest gold producer and shares quickly rose by 11%. But the FT's sharper Alphaville bloggers smelt a rat, pointing out that Mr Pastorini not only didn't seem to exist but an anagram of his name happened to form the phrase "Top Insider Award." Undaunted, Bloomberg has yet to amend its posting. (Via FT.alphaville)

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