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July 24, 2008 1:33:45 PM CDT

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Stories related to: Dow Jones

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  • May 2008

    • Murdoch Names Thomson New Journal Editor

      newser  |  New York Times  |  May 21, 08 4:00 AM CDT

      Murdoch Names Thomson New Journal Editor

      Rupert Murdoch has named Wall Street Journal publisher Robert J. Thomson as its top editor, reports the New York Times . Thomson, whom Murdoch made publisher just five months ago, was previously the top editor of Murdoch's Times of London. His appointment is expected to speed the pace of change at the paper, in the wake of the resignation of former managing editor Marcus Brauchli, who was forced out last month. More »

      Tags

      Dow Jones  • Rupert Murdoch  • News Corp  • Wall Street Journal  • Marcus Brauchli  • Robert Thomson

    • Journal Staff Uneasy as Murdoch Era Rolls On

      newser  |  New Republic  |  May 9, 08 10:59 AM CDT

      Journal Staff Uneasy as Murdoch Era Rolls On

      Tensions are running high in the Wall Street Journal ’s newsroom, the New Republic reports, as staffers wonder just where this Murdoch thing is going. Managing editor Marcus Brauchli’s resignation still hangs heavy in the air. Murdoch pushed Brauchli to resign, and paid him millions to sign a non-disclosure agreement. “We're a business newspaper, so we know a sell-out when we see one,” one angry staffer said. More »

      Tags

      Dow Jones  • Rupert Murdoch  • News Corp  • Wall Street Journal  • Marcus Brauchli

  • April 2008

    • WSJ Oversight Panel Slams Editor's Ouster

      newser  |  Reuters  |  Apr 29, 08 5:53 PM CDT

      WSJ Oversight Panel Slams Editor's Ouster

      A committee formed to protect the editorial independence of the Wall Street Journal from Rupert Murdoch’s influence said today the solicited resignation of managing editor Macrus Brauchli violated an agreement with Murdoch's News Corporation, Reuters reports. The committee is supposed to review all high-level hirings and firings, but, as Brauchli opted to resign, it learned of his ouster only after the fact. More »

    • Techs Give Lift to Markets

      newser  |  Wall Street Journal  |  Apr 23, 08 3:38 PM CDT

      Techs Give Lift to Markets

      Stocks ended slightly up today on mixed news, as techs did well but many financials struggled. "Tech is one of the few bright spots across a sluggish earnings quarter," a market strategist tells the Wall Street Journal . The Dow ended up 42.99 to 12,763.22, the Nasdaq 28.27 to 2,405.21, and the S&P 4.04 to 1,379.98. More »

      Tags

      stock market  • S&P 500  • Dow Jones  • Boeing  • NASDAQ  • Ambac

    • Exiting Journal Editor Was Stuck Between Rupe and 'DNA'

      newser  |  Wall Street Journal  |  Apr 23, 08 2:07 PM CDT

      Exiting Journal Editor Was Stuck Between Rupe and 'DNA'

      Continuing to report on the aftershocks of its own takeover, the Wall Street Journal does a postmortem on the departure of top editor Marcus Brauchli, detailing his uncomfortable position between a demanding new owner and the paper's institutional “DNA.” Rupert Murdoch wanted to build a direct competitor to the New York Times , with more general news and shorter stories, and felt the managing editor was holding up the overhaul. More »

      Tags

      Dow Jones  • Rupert Murdoch  • News Corp  • Wall Street Journal  • Marcus Brauchli

    • Read All About It: Journal Posts 'Help Wanted' Sign

      newser  |  Wall Street Journal  |  Apr 22, 08 3:18 PM CDT

      Read All About It: Journal Posts 'Help Wanted' Sign

      After Marcus Brauchli officially resigned as managing editor of the Wall Street Journal this afternoon, the paper said it will "begin a search for Mr. Brauchli's replacement immediately." That may prove difficult: Brauchli, who will remain with News Corp. as a consultant,   wasn't given the control over the paper he felt management had promised, the New York Times reports. More »

      Tags

      Dow Jones  • Rupert Murdoch  • News Corp  • Wall Street Journal  • Marcus Brauchli

    • Top Editor Bails on Journal

      newser  |  Time  |  Apr 22, 08 9:54 AM CDT

      Top Editor Bails on Journal

      Four months into the Rupert Murdoch era, the Wall Street Journal ’s managing editor is resigning. Marcus Brauchli, in the job since May, has tried to chart a path between Murdoch and the paper’s traditionalists, sources told Time, which broke the story on its website. The split is said to be amicable, and Brauchli is likely to take another post with the company. More »

      Tags

      Dow Jones  • Rupert Murdoch  • News Corp  • Wall Street Journal  • editor

    • Stocks Flat After Day in Red

      newser  |  MarketWatch  |  Apr 17, 08 3:27 PM CDT

      Stocks Flat After Day in Red

      The Dow ticked up 1.22 points to close at 12,620.49 today, after a flood of mixed earning reports mostly kept stocks down during the session. One analyst was impressed the market didn’t dip, saying it “seems to be holding up relatively well, especially after yesterday’s rally.” The Nasdaq was off 8.28 points, closing at 2,341.83, and the S&P rose 0.85 to 1,365.56. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • Merrill Lynch  • Bank of America  • IBM  • Pfizer

  • March 2008

    • Stocks Dip on Tough Tech Day

      newser  |  MarketWatch  |  Mar 27, 08 3:28 PM CDT

      Stocks Dip on Tough Tech Day

      The markets fell today on weak news from the tech and financial sectors. The Dow dropped 120.16 points to 12,302.7, the Nasdaq fell 43.53 to 2,280.83, and the S&P closed down 15.36 at 1,325.77, MarketWatch reports. Disappointing results from bellwethers Oracle and Google sent techs downward, and Lehman Brothers, Bank of America, and JP Morgan also had bearish news. More »

      Tags

      Google  • stock market  • S&P 500  • Nasdaq  • Dow Jones  • GDP  • Oracle

    • Stocks Rebound, Countering Selloff in Financials

      newser  |  Wall Street Journal  |  Mar 17, 08 10:17 AM CDT

      Stocks Rebound, Countering Selloff in Financials

      Stocks steadied after steep early morning losses today, with the Dow actually rising 1.06 points by mid-morning, the Wall Street Journal reports. But financials were still down big, as the Bear Stearns fire sale loomed large over the market. Lehman Brothers, down 22%, was hit the worst, other than Bear itself, which nosedived 87%. Still, at $3.79, it remained stubbornly above its $2 buyout price. More »

      Tags

      stock market  • Federal Reserve  • S&P 500  • Dow Jones  • Ben Bernanke  • Bear Stearns  • JPMorgan Chase

    • Murdoch 'More Pessimistic' About Economy

      newser  |  Reuters  |  Mar 11, 08 4:35 AM CDT

      Murdoch 'More Pessimistic' About Economy

      The last month has made media boss Rupert Murdoch "a lot more pessimistic" about the outlook for the US economy, Reuters reports. Ad revenue is below expectations at his TV stations and newspapers and he expects "a temporary downturn for a year or so" at Dow Jones, the News Corp. boss told a media conference yesterday. It's the strongest public statement  yet among top media leaders concerning fears about a pending advertising recession. More »

      Tags

      Microsoft  • Yahoo  • recession  • Dow Jones  • Rupert Murdoch  • advertising  • News Corp  • Wall Street Journal  • Fox Entertainment Group

    • At Murdoch's Journal , No Cheap Makeover

      newser  |  Washington Post  |  Mar 5, 08 10:44 AM CST

      At Murdoch's Journal , No Cheap Makeover

      Rupert Murdoch may now own the nation's hallowed financial bible, but the dumbing-down fears that accompanied the purchase of the Wall Street Journal have so far proven unfounded. This week the Journal will introduce a new sports page that will integrate stats from another News Corp. property, but Murdoch's company has so far resisted other tie-ins—even some proposed by WSJ execs—saying they don't want to cheapen the brand. More »

      Tags

      Dow Jones  • Rupert Murdoch  • News Corp  • Wall Street Journal  • newspaper

  • February 2008

    • Tanking Dow Drops 315 Points

      newser  |  MarketWatch  |  Feb 29, 08 3:15 PM CST

      Tanking Dow Drops 315 Points

      The Dow lost an incredible 315.79 points today to close at 12,266.39 as AIG reported the biggest losses in its history and bellwether Dell reported a year-over-year fourth-quarter profit decline of 6%. The Nasdaq slipped 60.09 to 2,271.48, and the S&P 500 lost 37.04 to close at 1,330.64. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • consumer spending  • commodities  • Dell  • gold  • AIG  • Ambac  • The Gap

    • Market Up After Seesaw Session

      newser  |  MarketWatch  |  Feb 20, 08 3:45 PM CST

      Market Up After Seesaw Session

      The Dow rose 90.04 points to 12,427.26 today in roller-coaster trading despite rising fears of inflation, MarketWatch reports. US consumer prices rose 0.4% last month in what one investment officer called “a nagging problem for the Fed.” The Nasdaq climbed 20.90 to 2,327.10, and the S&P rose 11.25 to 1,360.03. More »

      Tags

      Federal Reserve  • S&P 500  • Nasdaq  • Dow Jones  • inflation  • interest rate  • crude oil

    • Stocks Rise Despite Bad Vibes

      newser  |  MarketWatch  |  Feb 7, 08 3:30 PM CST

      Stocks Rise Despite Bad Vibes

      The Dow climbed 46.90 points to 12,247 in the face of bad news, ending a seesaw day up and breaking a three-day slump. Existing homes sales fell 1.5% in December, and tech bellwether Cisco reported weaker third-quarter growth than expected, but prices were low enough to stave off the bears. “There are a lot of deep discounts, and value buyers are out there,” said a trader. More »

      Tags

      Federal Reserve  • S&P 500  • Dow Jones  • home sales  • Cisco

    • Stocks Climb on Microsoft News

      newser  |  Wall Street Journal  |  Feb 1, 08 3:29 PM CST

      Stocks Climb on Microsoft News

      Microsoft’s offer to buy Yahoo outweighed a dismal jobs report today as the Dow ended up 92.83 at 12,743.19 after a seesaw session. Hopes for a new M&A wave bumped up against fears of broad economic slowdown. “This is a trader’s market, because traders love volatility,” said one trader. The Nasdaq gained 23.50 to 2,413.36 and the S&P 500 16.87 to 1,395.42. More »

      Tags

      Microsoft  • Yahoo  • S&P 500  • Nasdaq  • Dow Jones  • job  • ExxonMobil

  • January 2008

    • Bonds Confidence Boosts Stocks

      newser  |  MarketWatch  |  Jan 31, 08 3:32 PM CST

      Bonds Confidence Boosts Stocks

      Markets were up sharply today on calming words from bond insurer MBIA, with the Dow closing at 12,650.36, up 207.53. The company said its triple-A rating was not vulnerable and that it was solvent enough to weather the mortgage crisis, MarketWatch reports. The Nasdaq gained 40.86 to 2,389.86; the S&P 500 moved up 22.74 to 1,378.55. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • Amazon.com  • Starbucks  • MBIA

    • Rate-Cut Rally Fades Away

      newser  |  Wall Street Journal  |  Jan 30, 08 3:40 PM CST

      Rate-Cut Rally Fades Away

      The Fed’s half-point rate cut this afternoon briefly sent stocks soaring—before the rally crumbled and the Dow ended down 37.47 points at 12,442.83. Most Streeters have welcomed the series of interest rate slashes, but some are concerned they are too aggressive and could trigger inflation and other trouble. “The moves, instead of stabilizing the system, could lead to more volatility,” one economist told the Wall Street Journal reports. More »

      Tags

      Yahoo  • S&P 500  • Nasdaq  • Dow Jones  • interest rate cut  • Dow

    • Selloff Drives Dow Down 171

      newser  |  Wall Street Journal  |  Jan 25, 08 4:30 PM CST

      Selloff Drives Dow Down 171

      A 2-day rally sputtered today as the Dow fell 171.44 to 12,207.17 on new jitters about a touchy market. Even strong quarterly reports from Microsoft, Caterpillar, and Honeywell couldn’t keep investors buying this morning; said one economist, “The market is still in a very fragile state.” The Nasdaq slid 34.72 to 2,326.20; the S&P 500 lost 21.46 to 1,330.61. More »

      Tags

      Microsoft  • S&P 500  • Nasdaq  • Dow Jones  • interest rate  • Caterpillar  • Honeywell

    • Europe Sees Biggest Stock Plunge Since 9/11

      newser  |  MarketWatch  |  Jan 21, 08 4:10 PM CST

      Europe Sees Biggest Stock Plunge Since 9/11

      Amid continuing concerns about a US recession, European stocks took their biggest single-day plunge since 9/11 today, reports MarketWatch. Losses from financial institutions appeared to be the biggest culprit in the day's 5.4% drop, which added to a crippling trend: The Dow Jones Stoxx 600 index has dropped 23% since mid-2007. On American shores, Dow futures dropped, sparking fears of a nosedive tomorrow. More »

      Tags

      George W. Bush  • stock market  • Dow Jones  • European markets  • futures market

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