Dow Jones

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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...

Dow Powers to Record High
Dow Powers to Record High
Apr 19, 2007 7:08 AM CDT

Dow Powers to Record High

(Newser) - The Dow rose 30.80 points yesterday, closing above 12800 for the first time. The new record was powered was by JP Morgan Chase, Boeing and Caterpillar, while nearly two-thirds of the Dow components failed to make gains, the Wall Street Journal reports. Tech stocks continued to be weak; the...

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