Staff / TruthdigNov 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 )
Staff / TruthdigAug 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 )
Staff / TruthdigJul 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 )
Joe Conason / TruthdigMay 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 )
Staff / TruthdigFeb 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 )
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