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April 2008
- Exiting Journal Editor Was Stuck Between Rupe and 'DNA'
  
  Wall Street Journal | Apr 23, 08 2:07 PM CDT
  
  (Newser) - 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 »
- Read All About It: Journal Posts 'Help Wanted' Sign
  
  Wall Street Journal | Apr 22, 08 3:18 PM CDT
  
  (Newser) - 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 »
- Top Editor Bails on Journal
  
  Time | Apr 22, 08 9:54 AM CDT
  
  (Newser) - 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 »
March 2008
- Fidelity Pays $8M in SEC Gift Scandal
  
  Wall Street Journal | Mar 5, 08 10:20 PM CST
  
  (Newser) - Investment guru Peter Lynch and Fidelity Investment settled SEC charges brought against them alleging that Lynch used Fidelity traders to procure tickets to high-profile concerts and sporting events. Lynch, vice chairman of Fidelity's parent company, agreed to pay $15,948 for the tickets, plus $4,183 in interest. Fidelity will pay $8 million for nine other charges, reports the Wall Street Journal . More »
- At Murdoch's Journal , No Cheap Makeover
  
  Washington Post | Mar 5, 08 10:44 AM CST
  
  (Newser) - 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 »
February 2008
- $100 Oil Extinguishes Rally
  
  Wall Street Journal | Feb 19, 08 4:11 PM CST
  
  (Newser) - After three-digit Dow gains, today's record surge in oil prices knocked out a broad rally, and the major indexes closed in the red. Analysts say the market won't be able to sustain a prolonged rally for some time. "The rallies we're seeing now are just bounces, not a new trend," a strategist tells the Wall Street Journal . The Dow ended down 10.99 at 12,337.22, the Nasdaq 15.60 at 2,306.20, and the S&P 500 1.21 at 1,348.78. More »
- Murdoch's Journal Amps Up Politics, Speeds Up Stories
  
  New York Times | Feb 11, 08 12:35 PM CST
  
  (Newser) - A month into the Rupert Murdoch era, the Wall Street Journal hasn't exactly turned into Fox News, but it has ratcheted up its political coverage, David Carr writes in the New York Times. The Journal's managing editor tells Carr the change is driven by both the drama of the presidential race and the Murdoch mandate to compete with the Times in general-interest news. More »
- No Yahoo! for News Corp., Says Murdoch
  
  CNN | Feb 5, 08 5:05 AM CST
  
  (Newser) - News Corp. CEO Rupert Murdoch won't be following Microsoft's lead to place a bid for ailing Internet giant Yahoo, CNNMoney reports. Murdoch also dispelled rumors today that his company was interested in purchasing AOL, or in making any other major acquisitions. His remarks follow on the heels of Microsoft's unsolicited $45 billion bid to buy the tail-dragging Google-competitor. More »
- Banks Falter; Stocks Get Sacked
  
  Wall Street Journal | Feb 4, 08 3:56 PM CST
  
  (Newser) - Stocks fell today on a spate of analyst downgrades of banks and credit-card issuers. American Express, Discover Financial, and Capital One were all hit with downgraded ratings by UBS, reports the Wall Street Journal . The Dow fell 108.03 at 12,635.18, the Nasdaq 30.51 at 2382.85, and the S&P 500 14.60 to 1,380.82. More »
January 2008
- Online Journal Readers Can't Put Wallets Away (Yet)
  
  New York Times | Jan 25, 08 12:45 PM CST
  
  (Newser) - Puncturing the hopes of thrifty web surfers everywhere, the Wall Street Journal will continue to charge for much of its online content, at least for now. New owner Rupert Murdoch's apparently unplanned announcement at the World Economic Forum in Davos came after months of dithering over whether to keep access mostly subscriber-only, reports the New York Times . More »
- Markets Roar Back After Slide
  
  Wall Street Journal | Jan 23, 08 3:34 PM CST
  
  (Newser) - Stocks roared back today after their initial slide, with the Dow ending up nearly 300 points as markets closed after plunging more than 300 points when they opened. Still, recession fears are far from banished. "The broader issues that are troubling this market are going to be with us," a broker told the Wall Street Journal . The Dow ended up 298.98 to 12,270.17, the Nasdaq up 24.82 to 2,317.09, and the S&P up 28.10 to 1,338.60. More »
- Stocks Struggling After Early Skid
  
  Wall Street Journal | Jan 23, 08 8:50 AM CST
  
  (Newser) - Stocks continued their downward march today, with the Dow off 139.41 points by midmorning, up from a 228.75-point dive at the opening bell. Seeming to shrug off yesterday’s huge emergency rate cut from the Fed, investors are acting on fears of recession, and focusing on disappointing earnings from Apple and Motorola. The S&P and Nasdaq were down 17.10 and 41.89 points respectively, the Wall Street Journal reports. More »
- Stocks Plunge, Battle Back
  
  MarketWatch | Jan 22, 08 3:38 PM CST
  
  (Newser) - Stocks declined today but ended the session up from the depths of their initial plunge, as the Fed's emergency rate cut seemed to calm freaked-out investors. "This at least gets people from piling in on the short side of things," one strategist told MarketWatch. The Dow fell 128.11 to 11,971.19, the Nasdaq 47.75 to 2,292.27, and the S&P 14.69 to 1,310.50. More »
- Bernanke Can't Rally Markets
  
  New York Times | Jan 18, 08 4:00 AM CST
  
  (Newser) - Signs the housing market black hole was worsening and pulling down the rest of the economy spurred the DJIA to slide another 3% yesterday as investors decided a federal rescue plan was too late to help, reports the New York Times . Even reassuring words from Fed Chair Ben Bernanke that the economy was “extraordinarily resilient,” did little to ease concerns. More »
December 2007
- DJ Formally Approves Sale to News Corp.
  
  Wall Street Journal | Dec 13, 07 11:58 AM CST
  
  (Newser) - Dow Jones shareholders formally approved the company’s $5.6 billion sale to Rupert Murdoch's News Corporation; the closing is expected later today. The outcome was clear before today’s meeting, but the vote’s margin had been uncertain, as many Bancroft shareholders—whose voting stake was 64.2%—have been cold towards the sale that will end a century of family ownership, the Wall Street Journal reports. More »