Dow Drops Over 300 Points

Staff / Truthdig Jan 18, 2008 Winter 2008 is shaping up to be a gloomy season for the American economy, with mounting concerns over subprime mortgage prices and a plunging stock market. Thursday was a particularly dreary day on Wall Street, with the Dow Jones industrial average down 307 points and the Standard & Poor's 500 falling almost 3 percent. Dig deeper ( 1 Min. Read )

Wall Street Journal Braces for Murdoch

Staff / Truthdig Dec 12, 2007 Change is afoot at the Wall Street Journal. As of Wednesday, mega-mogul Rupert Murdoch is just a day shy of officially owning The Journal (although shareholders haven't officially signed off on the sale yet), but he's already looming large at the paper's Dow Jones & Co. headquarters. Dig deeper ( 2 Min. Read )

Shades of ’29?

Staff / Truthdig Nov 2, 2007 Thursday was not a good day on Wall Street, with the Dow dropping over 362 points to close at 13,567.87. Meanwhile, the S&P 500, like the Dow, fell 2.6 percent, and the Nasdaq also took a hit, dipping 2.25 percent by day's end. Dig deeper ( 1 Min. Read )

Domino Theory

Mike Luckovich / Truthdig Aug 14, 2007 Dig deeper

Murdoch’s Latest Acquisition

Mike Luckovich / Truthdig Aug 4, 2007 Dig deeper

Dow Jones Agrees to Sell to Murdoch

Staff / Truthdig Aug 1, 2007 Media tycoon Rupert Murdoch has long coveted The Wall Street Journal and has now reached a deal to buy parent company Dow Jones & Co. Many employees of the iconic paper and two board members who resigned expressed fears that the conservative Murdoch would damage the Journal's objectivity and journalistic integrity, as with previous conquests. Dig deeper ( 1 Min. Read )

Murdoch Nearing Dow Jones Deal?

Staff / Truthdig Jul 6, 2007 A weekly British business magazine, appropriately named The Business, reported Friday that media tycoon Rupert Murdoch had successfully added Dow Jones & Co. Inc. to his News Corp. empire, but other sources insist the deal is not yet sealed. Dig deeper ( 1 Min. Read )

Beware Murdoch’s ‘Necessary Promises’

Joe Conason / Truthdig May 17, 2007 While Rupert Murdoch is as conscious of his image as any other legendary villain, he also seems to possess a sense of humor -- or at least somebody around him does. Early in his ongoing bid to take over Dow Jones Publishing and The Wall Street Journal, a Murdoch spokesman said that the media mogul would reassure those who may fear for the paper's independence and integrity with all of the "necessary promises." Dig deeper ( 3 Min. Read )

Worst Stock Market Slide Since 9/11

Staff / Truthdig Feb 28, 2007 The stock market Tuesday had its worst day since 9/11 as investors around the world began to lose faith in the U.S. economy. The Dow fell by 4.3 percent, and S&P estimated total losses at $632 billion. The development came only a day after Alan Greenspan warned of a potential recession. Dig deeper ( 1 Min. Read )