Bloomberg Rival Taps Bloomberg Expat to Launch News Startup

New York Times: A startup looking to take on the financial information behemoth Bloomberg L.P. is hiring a former Bloomberg exec to begin a new financial news service. Norman Pearlstine, a former top editor at Bloomberg, the Wall Street Journal and Time, is joining Money.net, which has been building a low-cost alternative to the data terminals that sit at the core of Michael Bloomberg’s business empire.