Showing posts with label Wall Street Journal. Show all posts
Showing posts with label Wall Street Journal. Show all posts

Tuesday, July 31, 2007

UPDATE 2-News Corp, Dow Jones deal expected Tuesday-source

(Reuters) - NEW YORK, July 31 - Rupert Murdoch's News Corp.
is likely to secure a deal to buy Dow Jones & Co. Inc.
on Tuesday after drawing the support of a sufficient
number of votes held by the company's controlling family,
according to The Wall Street Journal.




The two sides are expected to reach a definitive agreement
by Tuesday evening, capping Murdoch's three-month pursuit of
the publisher of The Wall Street Journal, a source familiar
with the matter said.


Read more at Reuters.com Bonds News

Thursday, July 19, 2007

Dow Jones quarterly profit falls, hurt by charges

(Reuters) - NEW YORK, July 19 - Dow Jones & Co. Inc. , which soon could be bought by News Corp. for $5 billion, said one-time charges lowered quarterly profit, while its digital business pushed up revenue despite lower ad sales at its flagship Wall Street Journal.



Second-quarter profit fell to $21 million, or 25 cents a share, from $28.8 million, or 34 cents a share, a year earlier.


Read more at Reuters.com Market News