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September 6, 2008 1:49:45 AM CDT

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Stories related to: Dow Jones

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Stories 81 - 100 of 136

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  • August 2007

    • Murdoch Surveys New Empire

      New York Times  |  Aug 1, 07 5:29 AM CDT

      Murdoch Surveys New Empire

      (Newser) - As Rupert Murdoch celebrates his acquisition of Dow Jones, articles in the new jewel in his crown, the Wall Street Journal , and one of its biggest rivals, the New York Times , speculate about the future. They agree Murdoch will direct a titanic battle for ads and readers against both the Times and the Financial Times . There's unlikely a detailed "grand plan," said one source, citing Murdoch's preference for instinctive management. More »

  • July 2007

    • Markets Ignore Upbeat News, Head Down

      Wall Street Journal  |  Jul 31, 07 3:54 PM CDT

      Markets Ignore Upbeat News, Head Down

      (Newser) - The Dow started was up triple digits in early trading today before plunging to close down 146.32 points at 13211.59. A report of improved consumer confidence and better-than-expected inflation data distracted traders from the ongoing credit earthquake and its tremors in the housing market, but the reentry of foundering American Home Mortgage on the floor woke them up again. More »

      Tags

      US economy  • stock market  • S&P 500  • Nasdaq  • oil  • Dow Jones  • stocks

    • Bancrofts Agree to Sale

      Wall Street Journal  |  Jul 31, 07 10:22 AM CDT

      Bancrofts Agree to Sale

      (Newser) - Enough members of the Bancroft family are supporting Rupert Murdoch's $5B bid for Dow Jones to seal the deal. The Wall Street Journal reports that 32% of the votes in its parent company are virtually guaranteed to Murdoch's News Corp.; the tycoon will likely be able to pick up the rest from other shareholders. More »

      Tags

      Dow Jones  • Rupert Murdoch  • Wall Street Journal  • acquisitions  • Bancroft family

    • Murdoch Is 1 Bancroft Away from a Deal

      Wall Street Journal  |  Jul 31, 07 8:38 AM CDT

      Murdoch Is 1 Bancroft Away from a Deal

      (Newser) - Rupert Murdoch is within a Bancroft's breadth of owning Dow Jones, the company's flagship Wall Street Journal reports. A 5pm deadline came and went yesterday without a deal, but the bid has the support of Bancroft family members holding 29% of voting power. If either of two key holdout shareholders warms up, Murdoch will have enough support to overcome opposition. More »

      Tags

      Dow Jones  • Rupert Murdoch  • News Corp  • Wall Street Journal  • buyout  • Bancroft family

    • Dow Shocks with 92 Point Gain

      Wall Street Journal  |  Jul 30, 07 3:44 PM CDT

      Dow Shocks with 92 Point Gain

      (Newser) - The Dow rebuffed Wall St.'s bearish ambiance today, picking up 92.84 points to close at 13,358.31. One analyst says the weekend calmed jitters that led to a 500 point bloodletting at the end of last week, and a day without any major economic shakeups or earnings reports had brokers "looking at the numbers and realizing things aren't so bad." More »

      Tags

      US economy  • stock market  • S&P 500  • Nasdaq  • Dow Jones  • Wall Street

    • Murdoch May Cancel Deal Without Votes

      Wall Street Journal  |  Jul 30, 07 1:14 PM CDT

      Murdoch May Cancel Deal Without Votes

      (Newser) - Rupert Murdoch's News Corp. may balk at a proposed $5B buyout of Wall Street Journal publisher Dow Jones unless more support emerges from the controlling Bancroft family, a spokesman said today. So far the family has promised about 28% of total Dow Jones votes to Murdoch's proposal, but News Corp. says it's not enough. More »

      Tags

      Dow Jones  • Rupert Murdoch  • News Corp  • Wall Street Journal  • buyout  • Bancroft family  • Michael Elefante

    • Battling Bancrofts Take Journal Deal Down to Wire

      Wall Street Journal  |  Jul 30, 07 4:36 AM CDT

      Battling Bancrofts Take Journal Deal Down to Wire

      (Newser) - The Bancroft family, which controls the majority of shares in Dow Jones, is so deeply divided over the proposed sale of the Wall Street Journal to Rupert Murdoch that the deal is still too close to call, the Journal reports. A decision on the $5 billion bid is set for today at 5 pm EST. More »

      Tags

      business  • Dow Jones  • Rupert Murdoch  • News Corp  • Wall Street Journal  • acquisitions  • Bancroft family

    • Major Bancroft Branch to Nix Murdoch Offer

      Wall Street Journal  |  Jul 27, 07 12:09 PM CDT

      Major Bancroft Branch to Nix Murdoch Offer

      (Newser) - An important faction within the Bancroft family will vote against Rupert Murdoch’s controversial $5 billion deal for Dow Jones, instead demanding a significant increase of his offer. The Denver branch of the family, which owns a crucial 9.1% of Dow Jones voting stock, wants an extra $120 to $240 million to match their higher-valued voting shares, Dow's own WSJ reveals. More »

      Tags

      business  • Dow Jones  • Rupert Murdoch  • News Corp  • Wall Street Journal  • acquisitions  • shareholders  • Bancroft family  • takeover

    • Dow Tumbles Over 300 Points

      Wall Street Journal  |  Jul 26, 07 3:27 PM CDT

      Dow Tumbles Over 300 Points

      (Newser) - The Dow Jones lost 2.25% of its value today, after continuing subprime concerns, poorer-than-expected housing numbers, and a dearth of positive earnings reports scared traders off from recent rallies. The index was down 311.50 to 13473.57, though at one point its losses surpassed its worst close this year, at over 415 points. More »

      Tags

      subprime mortgages  • S&P 500  • Nasdaq  • housing market  • Dow Jones  • LBO

    • Tears for Slain Reporter at Murdoch Meeting

      Wall Street Journal  |  Jul 25, 07 10:43 AM CDT

      Tears for Slain Reporter at Murdoch Meeting

      (Newser) - Members of the controlling Bancroft family are at loggerheads over whether to sell the company to Rupert Murdoch, according to its jewel, the Wall Street Journal . At a meeting on Monday, some family members defended the deal while others insisted the move would compromise the storied paper—one family member wept as she recalled reporter Daniel Pearl's death at the hands of Islamic militants. More »

      Tags

      Dow Jones  • Rupert Murdoch  • Wall Street Journal  • Bancroft family

    • Bancrofts Mull Murdoch Buyout

      Reuters  |  Jul 24, 07 6:20 AM CDT

      Bancrofts Mull Murdoch Buyout

      (Newser) - The Bancroft family met yesterday in Boston to consider Rupert Murdoch's $5B offer for Dow Jones, but is expected to take at least until Friday to vote on the deal, Reuters reports. Christopher Bancroft, who opposes the sale, showed up sporting a baseball cap with the words "Bite me" on it; he told reporters that the family hadn't reached a consensus. More »

      Tags

      Dow Jones  • Rupert Murdoch  • News Corp  • mergers and acquisitions  • Wall Street Journal  • buyout  • Bancroft family  • stock

    • Merck News Gives Markets Shot in the Arm

      Wall Street Journal  |  Jul 23, 07 4:24 PM CDT

      Merck News Gives Markets Shot in the Arm

      (Newser) - Stocks rallied across the board today, after a number of major buyouts and earnings reports diverted traders' attentions from the foundering subprime market and an enervated dollar once again. The Dow was up 2.34 to 13943.42 after drug-maker Merck, a major component of the index, reported its best earnings since April, a far better result than expected. More »

    • Low-Key Lawyer to Moderate Dow Buyout

      Boston Globe  |  Jul 20, 07 2:51 PM CDT

      Low-Key Lawyer to Moderate Dow Buyout

      (Newser) - One man stands between News Corp. chief Rupert Murdoch and the Dow Jones-controlling Bancroft Family: a reserved, unassuming Boston lawyer named Michael B. Elefante, who has managed most of the Bancrofts' trust accounts for decades. Next week, beginning with Monday's strictly informational meeting, Elefante will mediate the $5B transaction. More »

      Tags

      Dow Jones  • Rupert Murdoch  • News Corp  • Boston  • Massachusetts  • buyout  • Bancroft family  • takeovers  • trusts

    • Dow Jones Director Quits Over Murdoch Deal

      Wall Street Journal  |  Jul 20, 07 7:41 AM CDT

      Dow Jones Director Quits Over Murdoch Deal

      (Newser) - A German publishing heir resigned from the Dow Jones board of directors yesterday in protest over the board's vote to accept Rupert Murdoch's $5 billion offer to buy the company. In his letter, Dieter von Holtzbrinck said the deal jeopardized the editorial integrity of the Wall Street Journal . "Dow Jones' unique journalistic values will strongly suffer after the proposed sale," he charged. More »

      Tags

      Dow Jones  • Rupert Murdoch  • Wall Street Journal  • SEC

    • Dow Jones Director Faces Insider Trading Charges

      Wall Street Journal  |  Jul 18, 07 6:32 PM CDT

      Dow Jones Director Faces Insider Trading Charges

      (Newser) - The Securities and Exchange Commission plans to file civil charges against Dow Jones board director David Li,  in an insider trading case linked to News Corp.'s bid for the company. As a board member, Li has access to inside information, the Wall Street Journal reports. He also has ties to a Hong Kong couple already charged with insider trading. More »

      Tags

      Dow Jones  • Rupert Murdoch  • Wall Street Journal  • insider trading

    • How Did the Fox Dow Do Today, Dear?

      TheStreet  |  Jul 18, 07 6:04 PM CDT

      How Did the Fox Dow Do Today, Dear?

      (Newser) - Get ready for the Fox Dow. If Rupert Murdoch is willing to pay $6B for a company that produced $105M in income last year, he must be seeing hidden opportunities, argues Brett Arends in the street.com. Dow Jones controls the name of the financial index—and if the sale goes through, Murdoch could change it to whatever he pleases. More »

      Tags

      Dow Jones  • Rupert Murdoch  • Wall Street Journal

    • Stocks Drop on Fed Chief's Mixed Report

      Wall Street Journal  |  Jul 18, 07 3:52 PM CDT

      Stocks Drop on Fed Chief's Mixed Report

      (Newser) - US markets sank today after two Bear Stearns hedge funds were revealed to be worthless and the Fed Chairman expressed concerns about the stability of the economy. Testifying before the House, Ben Bernanke said he expects growth next year, but stressed that the sinking housing market continues to saddle the economy. After four straight record closes, the Dow dropped 53.33 to 13918.22. More »

      Tags

      Federal Reserve  • stock market  • S&P 500  • Dow Jones  • Ben Bernanke  • Intel  • nasdaq

    • Bancrofts Seek to Stymie Murdoch

      Wall Street Journal  |  Jul 16, 07 7:37 AM CDT

      Bancrofts Seek to Stymie Murdoch

      (Newser) - Two members of the Dow Jones-controlling Bancrofts are making last-ditch efforts to block Rupert Murdoch from buying the Wall Street Journal publisher. Christopher Bancroft is frantically trying to gather the $2.55 billion he'd need to buy 51% of voting shares and block the sale on his own, while his cousin Leslie Hill is desperately soliciting competing bids. More »

      Tags

      Dow Jones  • Rupert Murdoch  • News Corp  • Wall Street Journal  • Bancroft family

    • Retail Reports Catapult Markets

      Wall Street Journal  |  Jul 12, 07 3:43 PM CDT

      Retail Reports Catapult Markets

      (Newser) - The Dow soared 283.86 points to 13861.73 today, its largest single-day rally since 2002 and another record close. Traders ignored ongoing bearish rumors from the subprime sector, focusing on better-than-expected June reports from a host of retailers including Wal-Mart, J.C. Penney and American Express. More »

      Tags

      stock market  • S&P 500  • Dow Jones  • stocks  • Alcoa  • Alcan  • Rio Tinto

    • Rivals Team Up on 11th-Hour Dow Offer

      Wall Street Journal  |  Jul 11, 07 5:08 AM CDT

      Rivals Team Up on 11th-Hour Dow Offer

      (Newser) - Supermarket billionaire Ron Burkle and former MySpace CEO Brad Greenspan may join forces to make at least a partial bid for the Wall Street Journal 's parent company, say sources close to the discussions. The pair met yesterday with members of the Dow Jones board to craft an alternative to Rupert Murdoch's $5 billion proposal, though accounts detailing the potential offer differ. More »

      Tags

      Dow Jones  • Rupert Murdoch  • News Corp  • Wall Street Journal  • newspaper  • Bancroft family  • Ron Burkle  • Brad Greenspan

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