A top executive at the company that publishes the Wall Street Journal left this week amid allegations that the paper's European edition used underhanded methods to boost circulation figures, the newspaper itself reported Thursday.
A top executive at the company that publishes the Wall Street Journal left Dow Jones this week amid allegations that the paper's European edition used underhanded methods to boost circulation figures, the newspaper itself reported Thursday.
News Corp is facing fresh questions about its newspaper operations, after allegations that circulation figures for the European edition of the Wall Street Journal were boosted by complex cut-price deals with a sponsor to which it had promised editorial coverage.
Editor's note: This week FORTUNE is publishing excerpts from its favorite business books of 2010. Today we revisit Sarah Ellison's blow-by-blow account of how media baron Rupert Murdoch wrested the Wall Street Journal away from the family that had controlled it for over 100 years.
If you're looking for confirmation that this stock market rally might actually be for real, look no further than the stodgy world of transportation.
Dow Jones & Co. is looking to sell its stock-market index business, according to The Wall Street Journal.
Stocks looked set for a positive start Friday after a key report showed a sharp drop in the number of people losing their jobs and a surprise drop in the unemployment rate.
Stocks rallied Monday, sending the Dow Jones industrial average near the breakeven point for the year, as better-than-expected readings on manufacturing activity raised hopes that a global economic recovery is brewing.
Earnings take center stage next week and everybody's going to be focused on how the banks will do.
Stocks struggled higher Friday morning as investors eyed a wretched March jobs report at the end of another up week on Wall Street.
The Dow Jones industrial average and S&P 500 ended at fresh 12-year lows Tuesday as Wall Street failed to mount a rally amid ongoing worries about the financial markets and the recession.
With the Dow Jones Industrial Average below 7,000, the U.S. stock market is well below its early-1995 level, adjusted for changes in nominal GDP.
Stocks gained Tuesday morning, bouncing after the previous session's bloodletting in which the Dow Jones industrial average closed below 7,000 for the first time since 1997.
U.S. stocks joined a worldwide selloff at Friday's open, with the Dow down about 400 points, as a wave of anxiety about a global recession sent investors heading for the exits.
Wall Street headed for another precipitous drop Friday as fears of a punishing global recession stirred panic among investors and sent world financial markets into a tailspin
Stocks slipped Tuesday morning, as investors backtracked after the previous session's big 413-point rally for the Dow Jones industrial average.
CNN's Ralista Vassileva talks to Lakshman Achuthan about the world economic crisis.
Stocks fell sharply Tuesday after a hefty jump in wholesale inflation and a drop in new home construction gave investors more reasons to believe the economy won't rebound anytime soon
Stocks surged Tuesday, with falling oil prices and a stronger dollar giving investors an incentive to scoop up financial services and other shares hit in the recent selloff.
Stocks gave up bigger gains by the close Wednesday, as investors welcomed the Fed's decision to hold rates steady, as expected, but remained wary about the economy.
Stocks slipped Friday morning, with financial and technology shares leading the decline, as investors remained uneasy after the previous day's losses.
The Dow Jones industrial average is adding Bank of America and Chevron, replacing Honeywell and Altria.
The Securities and Exchange Commission announced Tuesday it had reached a $24 million settlement with a former Dow Jones & Co. board member and three Hong Kong residents in an insider trading suit.
Wild swings have been the norm in the stock market lately - as you may have noticed - with the Dow Jones industrial average posting triple digit moves nearly every trading day since the beginning of the year.
Oil prices rose Thursday after Congressional leaders and White House officials announced an economic stimulus package, easing some of the market's fears that a downturn will crimp demand.
The latest in business news with the CNN.com business bulletin.
Among the prizes that Rupert Murdoch gets when the Dow Jones deal closes next month will be a highly trafficked Web site that could boost his fledgling Fox Business Network - and it has nothing to do with the Wall Street Journal.
U.S. stocks retreated early Tuesday as investors remained jittery about the nation's economy.
Stocks turned mixed early Thursday afternoon, recovering from early losses, but failing to hold on to gains, as investors weighed higher oil prices, weak home sales and mixed economic news following a big two-day rally.
Stocks inched lower Thursday morning, as higher oil prices and weak home sales gave investors a reason to retreat after a two-day rally that lifted the Dow industrials by nearly 550 points.
Stocks slipped Thursday morning, with rising oil prices and another weak reading on home sales giving investors a reason to backtrack after a two-day rally that lifted the Dow industrials by nearly 550 points.
The Dow Jones had its third worst day of the year on Friday. Add to that worries about the economy and estimates that by 2017, Social Security will start paying out more in benefits than it collects every year in taxes.
Stocks advanced in early trading Thursday, moving into record territory, on a narrower-than-expected trade gap and strength in overseas markets.
Stocks eased slightly in early trading Wednesday as investors took step back from the advance that put major indexes into record territory.
Stocks struggled Monday afternoon as investors took a step back after last week's rally and prepared for the first batch of quarterly earnings reports, due later this week.
Stocks rose cautiously early Thursday, a day ahead of the key September jobs report.
Stocks retreated early Tuesday amid new concerns about the housing slump and consumer spending.
Rupert Murdoch's takeover of Dow Jones, owner of the Wall Street Journal, has gotten OJ-like coverage by us business-news types. Yet here I am, writing about it yet another time. Why? Because I'm interested in one little-noticed detail - the way selected Dow Jones shareholders will be able to defer taxes on their gains by getting $60 a share worth of News Corp. stock rather than cash.
Dow Jones & Co. has reached a tentative deal on a new contract with the union representing reporters at The Wall Street Journal, ending several months of sometimes contentious talks.
Stocks slipped Friday morning, but trimmed bigger early losses sparked by a weak retail sales report that raised worries that the turmoil in financial markets is spreading to the broader economy.
Reporters from The Wall Street Journal picketed outside of the newspaper's headquarters building Monday to protest the most recent labor contract proposals, including higher health care payments, from Dow Jones & Co., the paper's parent company.
Stocks slumped Wednesday, retreating after the recent rally, as investors eyed a weak reading on private sector employment, a big drop in pending home sales and ongoing problems in the financial sector.
Stocks slipped Monday after a disappointing existing home sales report revived worries about the mortgage and credit markets.
A disappointing existing home sales report sent stocks lower Monday afternoon, reviving investor worries about the mortgage and credit markets.
Stocks slipped Tuesday morning as investors mulled ongoing problems in the credit and mortgage markets and opted to put their money in the relatively safer haven of bonds.
The Dow Jones industrial average staged a comeback Monday, recovering from an earlier selloff sparked by renewed worries about the credit and mortgage markets.
If you care about business news, you know by now that Rupert Murdoch has won control of the Wall Street Journal.
News Corp.'s acquisition of Dow Jones is the latest in a flurry of newspaper deals that have taken place over the past few years.
Stocks gained in midday trade Thursday, as investors weighed positive earnings news, lingering subprime fears and an uptick in the price of oil.
News Corp. was expected to reach a definitive agreement to buy Dow Jones & Co. Inc. for $5 billion late Tuesday, capping Rupert Murdoch's three-month pursuit of the publisher of The Wall Street Journal, a source familiar with the matter said.
Murdoch, Dow Jones reach deal
Stocks turned lower Wednesday after oil set a record high, erasing gains from economic reports that showed a dip in inflation and a surprise increase in pending home sales.
The boards of both Dow Jones & Co. and News Corp. have approved a $5 billion deal that would put The Wall Street Journal in the hands of media mogul Rupert Murdoch, the Journal reported in its online edition late Tuesday.
Stocks bounced into the black Wednesday morning after dual economic reports showed a dip in inflation and a surprise increase in pending home sales.
Stocks were mixed at Wednesday's open as continued concerns about a credit crunch in the U.S. countered efforts for a rebound from a big selloff.
Credit and subprime mortgage market worries and record-high oil prices sent stocks tumbling Tuesday after an early rally, with the Dow industrials falling nearly 150 points.
Stocks suffered a steep selloff Tuesday afternoon after a bold start with the Dow industrials falling nearly 150 points on more subprime mortgage woes and record-high oil prices.
Rupert Murdoch's News Corp. appeared to be inching closer to a deal to buy Dow Jones & Co. Inc. and gaining enough support from the divided Bancroft family, but both sides were still wrangling over the price.
U.S. stocks flexed their muscles at Tuesday's open on the strength on GM's earnings and some benign economic reports.
Members of the family that controls Dow Jones & Co. Inc. have been asked to decide by the end of Monday whether they will support News Corp.'s $5 billion bid for the news organization, a source familiar with the situation said Sunday.
Investors waded back into the market Monday, with the Dow industrials climbing more than 100 points, as credit markets fears appeared to subside on Wall Street.
Rupert Murdoch's News Corp. said Monday it is "highly unlikely" to proceed with its $5 billion bid for Dow Jones & Co. Inc. unless it wins more support from Dow Jones's controlling family.
Stocks moved modestly higher Monday afternoon, finally finding some momentum, as credit markets and corporate earnings remained in focus.
Stocks continued to struggle for direction Monday after last week's brutal selloff, with investors weighing the latest credit market news and corporate earnings.
Investors couldn't make up their minds early Monday, with stocks mixed after the first hours of trading, as everyone kept an eye on the latest credit market news and corporate earnings.
Stocks struggled at the start of Monday's session following last week's brutal selloff, as investors weighed more credit market news and the latest corporate earnings.
U.S. stocks were flat after an initial advance Monday as investors remained nervous in the wake of one of the biggest one-week market drops of recent years.
Getting back on the bull will be no easy task next week, particularly after the meltdown stock investors endured over the past two days.
Global stock markets were roiled Friday after a plunge on Wall Street sent the Dow Jones industrial average down 311 points.
The battered real estate and home building markets took another body blow Thursday as a government reading showed a bigger than expected drop in new home sales, and the nation's top builders posted large losses due to the weak market and took charges for the declining value of their holdings.
The Dow Jones industrial average plunged more than 300 points by midsession Thursday on nervousness about credit markets, higher oil prices and more troubling news from the housing sector.
Members of the Bancroft family, which controls Dow Jones & Co. Inc., may decide by the end of the week whether to accept a $5 billion offer by Rupert Murdoch's News Corp for the publisher of The Wall Street Journal.
German publishing executive Dieter von Holtzbrinck has resigned as a director of Dow Jones & Co. to protest the board's endorsement of a deal to sell the company, which publishes The Wall Street Journal, to Rupert Murdoch's News Corp
Internet entrepreneur Brad Greenspan Friday outlined a new proposal to keep Dow Jones & Co Inc. out of Rupert Murdoch's hands, saying his plan can help boost its stock price to above $100.
A director on the board of Dow Jones & Co Inc has resigned because he could not support its endorsement of a $5 billion takeover offer from Rupert Murdoch's News Corp.
Dow Jones & Co. Inc. board member David Li, a prominent Hong Kong banker, may face civil charges in a Securities and Exchange Commission insider trading investigation linked to News Corp.'s $5 billion bid for the U.S. media company.
Dow Jones & Co. Inc. reported a 27 percent drop in quarterly profit on Thursday, hurt by lower ad sales at The Wall Street Journal and higher stock-based compensation expenses after its share price surged following News Corp.'s bid for the company.
The fate of Dow Jones & Co. now rests with the Bancroft family, the company's longtime controlling shareholders, who must decide whether to sell the publisher of The Wall Street Journal to Rupert Murdoch's News Corp.
The SEC is investigating Dow Jones board member David Li over an insider-trading case linked to News Corp.'s bid for the Wall Street Journal publisher, Dow Jones reported Wednesday.
The board of Dow Jones & Co. Inc. endorsed on Tuesday a $5 billion buyout offer from Rupert Murdoch's News Corp., sending the deal to the controlling Bancroft family for final approval.
Stocks broke from their record-setting run Wednesday, following disappointing results from tech giants Intel, Yahoo, renewed fears about the subprime mortgage sector.
Dow Jones & Co. Inc. Chief Executive Richard Zannino tentatively agreed on Monday to a $5 billion takeover bid by News Corp., though the company's controlling Bancroft family remains divided on the deal, the Wall Street Journal reported.
Supermarket magnate Ron Burkle and Internet entrepreneur Brad Greenspan met with members of the Dow Jones board Tuesday to discuss a partial purchase of the company, according to a report in the New York Times.
Wall Street appeared to overcome its subprime fears that sent major gauges tumbling in the previous session, despite a lack of any significant economic readings.
U.S. stocks were little changed at Wednesday's open as investors looked ahead to the oil inventory report due an hour after the bell rang.
Dow Jones & Co., which has been in talks for a takeover by News Corp., will meet with supermarket magnate Ron Burkle as Dow Jones explores its options, a source familiar with the situation said on Sunday.
Brad Greenspan, founder of the company that spawned MySpace, is still interested in buying Wall Street Journal publisher Dow Jones and is willing to explore a joint bid with an investment firm that has the support of unionized newsroom staffers, according to a published report.
A tentative deal over editorial independence at The Wall Street Journal would give Rupert Murdoch's News Corp. the sole power to hire and fire the newspaper's top editors if it succeeds in buying Dow Jones & Co. Inc., The New York Times said Thursday.
Murdoch's media conglomerate News Corp. and Dow Jones' board have agreed in principle on ways to ensure the Journal's independence, with some items yet to be decided,
Carlyle Group, a U.S. private equity firm, is considering a stock market listing similar to last week's initial public offering by rival Blackstone, Dow Jones Newswires reported Wednesday.
Rupert Murdoch said he had no plans to raise his $5 billion bid for Dow Jones & Co. Inc. and expected final approval from the controlling Bancroft family within two to three weeks, "if at all."
Stock futures pointed to a slight recovery Tuesday but jitters about the housing sector could spark another day of volatile trading.
Stock futures pointed to a slight recovery Tuesday but jitters about the housing sector could spark another day of volatile trading.
Wall Street suffered a case of deja vu Tuesday as stocks turned lower after an early rally for the second straight day, amidst continuing concerns about the subprime mortgage sector.
Stocks turned negative after an early runup for the second straight session Tuesday, as lower oil prices, subprime mortgage sector fears and a pair of economic readings competed for investors' attention.
Major gauges remained higher Tuesday afternoon, helped by a drop in the price of oil by nearly $1, despite a pair of weaker than expected economic readings.
Rupert Murdoch's News Corp. and Dow Jones & Co. Inc. have "basically agreed" on a structure to protect the editorial independence of Dow's news operations, including the Wall Street Journal, a source familiar with the matter said Tuesday.
Stocks moved higher after struggling earlier in the session as a sharp drop in the price of oil outweighs new home sales and consumer sentiment readings that missed expectations.
Weaker than expected new home sales reading and signs of flagging consumer confidence weighed on stocks Tuesday, as major gauges struggled to hold onto early gains.
Stocks snapped their two-day losing streak, moving modestly higher Tuesday as investors awaited the latest reading on new home sales in the United States.