Dow Jones

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Another Player Joins Competition for Dow Jones

Pearson searches for partner to help launch bid

(Newser) - Another would-be Dow Jones suitor emerged this afternoon: Pearson, which publishes the Financial Times. In a media-company-news hall of mirrors, the Wall Street Journal reports that Pearson is searching for partners in its "longshot" bid and has approached Hearst and GE; the FT reports that its parent company has...

Dow Falls as Bond Yields Soar
Dow Falls as Bond Yields Soar
Jun 13, 2007 7:13 AM CDT

Dow Falls as Bond Yields Soar

Record high yields threaten higher mortgage rates

(Newser) - US bond yields have hit a five year high—bringing the threat of higher interest rates, costlier home mortgages and a slowing economy, the Wall Street Journal reports. The benchmark 10-year Treasury note rose to 5.25 per cent yesterday. Rising bond yields echo throughout the economy, making stocks less...

Union Seeks Journal Savior
Union Seeks Journal Savior
Jun 5, 2007 4:48 PM CDT

Union Seeks Journal Savior

Burkle agrees to talks with Dow Jones employees

(Newser) - The Wall Street Journal employees' union, in search of a white knight as Dow Jones and Rupert Murdoch appear to be moving closer to a deal, has enlisted the help of supermarket billionaire Ron Burkle. News Corp. has offered $60 a share for the company, and one analyst tells Bloomberg,...

Dow Closes Down 80.86 on Inflation Scare

Bernanke comment, retail profit warnings contribute to slump

(Newser) - The Dow fell 80.86 points today, closing at 13,595.46 after companies in the retail sector issued warnings of reduced profits and Fed chairman Ben Bernanke commented that inflation risks are still high. "There are a lot of little things out there that are scaring the market,...

Murdoch Says He's Flexible, Up to a Point

Jousting over editorial independence may derail Dow Jones deal

(Newser) - Rupert Murdoch has renewed his vow to maintain the Wall Street Journal's editorial independence should his bid for Dow Jones succeed, but it's unlikely he'll allow the controlling Bancroft family to run an editorial oversight board. That sticking point could be a deal-breaker, the Journal reported hours before today's scheduled...

Dow Jones Warms to Murdoch Offer
Dow Jones Warms to Murdoch Offer
Jun 1, 2007 7:06 AM CDT

Dow Jones Warms to Murdoch Offer

Family ready to consider bid, with Reuters-Thomson merger in wings

(Newser) - The family that controls Dow Jones, after initially rebuffing a $5-billion buyout offer from Rupert Murdoch, has decided to consider selling after all. In a stunning about-face, the Bancroft family announced last night it had "reached consensus that the mission of Dow Jones may be better accomplished in combination...

Page Six Fallout May Hurt Murdoch
Page Six Fallout May Hurt Murdoch
May 21, 2007 12:45 PM CDT

Page Six Fallout May Hurt Murdoch

The Wall Street Journal doesn't have a gossip column, and that's no accident

(Newser) - Shenanigans at the New York Post may mean trouble for Rupert Murdoch's Dow Jones bid, David Carr writes in today's Times. The tales of sex, lies, and bribery spicing up Page Six are normal fare for the gossip standby, but the fact that they're about the Post itself may not...

Rupert Woos Bancrofts
Rupert Woos Bancrofts
May 14, 2007 5:13 PM CDT

Rupert Woos Bancrofts

Letter promises seat on News Corp. board, editorial independence for Journal

(Newser) - Rupert Murdoch doesn't want to shake things up at Dow Jones—or so he implied in a weekend missive wooing the Bancroft family. In the folksy, flattering letter, Murdoch called himself "first and foremost" a "newspaper man," and promised to appoint an independent editorial board for the...

Murdoch May Have Killed Story on Wife

Shafer ponders journalistic ethics of Journal suitor

(Newser) - Rupert Murdoch may have muscled an Aussie mag into dropping a profile of his third wife, Slate's Jack Shafer speculates. Good Weekend suddenly jettisoned a 10,000-word piece on 38-year-old Wendi Deng last month, after paying writer Eric Ellis $25 grand for the heavily-researched story.

Thomson Aims to Buy Reuters
Thomson Aims to Buy Reuters
May 9, 2007 8:00 AM CDT

Thomson Aims to Buy Reuters

(Newser) - Thomson, the Canadian publishing company, is poised to buy Reuters, the global news and information agency, the Globe and Mail reports. The timing of the takeover, which values Reuters at $17.7 billion, appears a response to Rupert Murdoch's proposed purchase of Dow Jones, but sources say they have been...

Journal Offer Prompted Insider Trading, SEC Says

(Newser) - The SEC has filed its first suit for insider trading involving Rupert Murdoch's bid to buy the Wall Street Journal's parent company. The agency alleges a Hong Kong couple knew about the offer when they bought $15 million of Dow Jones stock in April and sold it for an $8....

Dow Shareholder Duels Murdoch
Dow Shareholder Duels Murdoch
May 7, 2007 6:51 AM CDT

Dow Shareholder Duels Murdoch

(Newser) - A powerful shareholder in Dow Jones  is opposing Rupert Murdoch's takeover bid, saying the tabloid publisher would destroy the Wall Street Journal's integrity. James Ottaway Jr. said Murdoch "has for a long time expressed his personal, political and business biases through his newspapers and television channels."

Murdoch Muses On Plans for The Journal

“I’m sometimes frustrated by the long stories," would-be owner says

(Newser) - Rubert Murdoch sometimes finds Wall Street Journal stories a little long. He'd like to see more politics on the editorial page, and to launch a glossy magazine for the Saturday edition. The Aussie tycoon wasn't shy about sharing plans for the paper, should he succeed in buying parent company Dow...

The Class System at Dow Jones
The Class System at Dow Jones
May 3, 2007 4:30 PM CDT

The Class System at Dow Jones

how class system favors Dow Jones

(Newser) - In rejecting Rupert Murdoch's offer for Dow Jones, the Bancroft family provides a textbook example of the case for—and against—dual class shares for media companies. With their shares carrying ten times the voting power of publicly traded shares, the family has the power to spurn a suitor it...

Dow Rejection Won't Deflect Murdoch

Rifts in Bancroft family fairly beg to be exploited

(Newser) - The Bancroft family's rejection of Rupert Murdoch's $5 billion offer for Dow Jones set the stage yesterday for a battle with other shareholders and the board of directors—as well as within the family itself. Without the family's controlling votes, the board would likely jump at the offer, a 67%...

Dow Hits Another Record —17th for the Year

(Newser) - Strong factory orders and media-buyout mania helped push the Dow to another record high, closing at 13,211. The index jumped 76 points, riding news of yesterday's News Corp. offer for Dow Jones and Co. and today's Cablevision deal, as well as a better-than-expected March bump in factory orders.

Journal Owners Rebuff Murdoch Offer

Dow Jones turns down News Corp.'s unsolicited buyout bid

(Newser) - The Bancroft family, which controls Dow Jones, rejected Rupert Murdoch's $5 billion offer for the media giant late yesterday—but their divided response to the unsolicited bid signalled to both News Corp. and other would-be buyers that a different offer might be acceptable.

News Corp. Offers $5B For Dow Jones

Unsolicited bid boosts media stocks, may spark feeding frenzy

(Newser) - Rupert Murdoch's News Corp. has made an unsolicited $5 billion offer to buy Dow Jones & Co., which publishes the Wall Street Journal. Dow Jones publicized the mogul's suit today to an immediate 58% spike in value. Murdoch owns the New York Post and TV giant Fox News.

Dow Breaks 13,000 In Record Close
Dow Breaks 13,000
In Record Close
Apr 25, 2007 3:50 PM CDT

Dow Breaks 13,000 In Record Close

(Newser) - The Dow Jones surged to a record close this afternoon, riding better-than-expected durable good orders in March and soaring profits from online bellweather Amazon to close just past 13,000. News that Alcoa was exploring plans to sell its packaging and consumer business also buoyed shareholders.

Dow Hits New High
Dow Hits New High
Apr 20, 2007 3:27 PM CDT

Dow Hits New High

Blue-chip average flirts with 13,000; S&P 500, Nasdaq reach 6-year peaks

(Newser) - The Dow closed at a record high of 12,961.98 today, gaining 153.35 points as it rode a wave of positive earnings reports that pushed the S&P 500 and the Nasdaq to six-year highs, too, CNN reports. The Dow reached an all-time high of 12,966.29...

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