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Corporate News

General Electric loses place in elite Dow Jones Industrial Average after over 100 years

NEW YORK: General Electric Co has lost its spot in the Dow Jones Industrial Average after over a century in the blue chip stock index, a new blow to a company that once towered over the American business landscape but is now struggling to retain its standing as an industrial powerhouse.

Business

Apple fails to lift Dow Jones as Black Monday revisited

PETALING JAYA: The harrowing drop in world markets, particularly the volatile trading session of the Dow Jones on Monday, was reminiscent to many of “Black Monday” - that dreaded Monday on Oct 19, 1987 when world markets crashed and lost huge values in a very short time.

Nation

Dow Jones has yet to issue clarification on 1MDB report, says lawyer

KUALA LUMPUR: Dow Jones, the publisher of The Wall Street Journal (WSJ), has yet to clarify its stand on articles by WSJ which alleged that almost US$700 million from 1Malaysia Development Berhad (1MDB) had been deposited into Prime Minister Datuk Seri Najib Tun Razak's personal bank accounts.

Nation

WSJ articles self-explanatory, Dow Jones says in reply to PM's lawyers

PETALING JAYA: Dow Jones & Company Inc has stated that it is not necessary for it to clarify if two articles published by the Wall Street Journal were intended to accuse Prime Minister Datuk Seri Najib Tun Razak of misappropriating 1Malaysia Development Berhad funds.

Business

Dow Jones barely notches 6th straight record high close

NEW YORK: The Dow Jones Industrial Average scored its sixth straight record high on Thursday, but just barely, while the S&P 500 edged lower due to declining energy stocks.

Business

Does the Dow Jones index at 20,000 matter?

THE Dow Jones Industrial Average (DJIA) came tantalising close to 20,000 on Jan 6, a record level that is being closely watched (and hyped) by the financial media. At one point during the trading session, it was within 0.37 points, or 0.0002%.

Nation

Dow Jones stands by WSJ reports

PETALING JAYA: Dow Jones, the publisher of the Wall Street Journal, is standing by its reports on the transfer of 1MDB funds to Prime Minister Datuk Seri Najib Tun Razak’s personal accounts.

Business

Dow Jones to sell newswires through WSJ.com

NEW YORK: When Lex Fenwick started his job as CEO of Dow Jones & Co more than five months ago, he found it strange that one of Wall Street's most historic and well-known brands did not have a direct pipeline into Wall Street itself.

World

Dow Jones panel says found no U.S. wrongdoing

NEW YORK (Reuters) - The Dow Jones Special Committee, responding to a letter from two U.S. senators, said it had found at News Corp's Wall Street Journal and Dow Jones Newswires no sign of journalistic wrongdoing like the phone-hacking scandal at its British newspapers.

Business

Dow Jones Index Announces Biggest Shake-Up In A Decade Effective Sept. 23

NEW YORK: In the biggest shake-up of the Dow Jones industrial average in nearly a decade, Goldman Sachs, Visa and Nike will join the storied 30-stock index, with Bank of America, which just two years ago was the largest U.S. bank by assets, one of the names exiting the Dow.