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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.
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.
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.
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.
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.
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.
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.