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WSJ Oversight Panel Slams Editor's Ouster

Removal violated 'letter and spirit' of agreement with News Corp.

(Newser) - A committee formed to protect the editorial independence of the Wall Street Journal from Rupert Murdoch’s influence said today the solicited resignation of managing editor Macrus Brauchli violated an agreement with Murdoch's News Corporation, Reuters reports. The committee is supposed to review all high-level hirings and firings, but, as...

AmEx Leads Dow Rally
 AmEx Leads Dow Rally 
MARKETS

AmEx Leads Dow Rally

Oil jumps on worries about supplies in UK, Nigeria

(Newser) - Stocks were mixed today as financials rallied but Microsoft dragged down the tech sector.  Nevertheless, all three major indexes recorded back-to-back weekly gains for the first time since February, Bloomberg reports. The Dow closed up 42.91 at 12,891.86, the Nasdaq dipped 5.99 to 2,422....

Merrill's Strength Leads Rally
 Merrill's Strength Leads Rally 
MARKETS

Merrill's Strength Leads Rally

Good news from broker overshadows poor housing news

(Newser) - Stocks rallied to solid gains today as good news from Merrill Lynch and better-than-expected jobless claims data overshadowed poor housing and durable-goods news, MarketWatch reports. The Dow gained 85.73 to close at 12,848.95, while the Nasdaq rose 23.71 to 2,428.92. The S&P 500...

Techs Give Lift to Markets
 Techs Give Lift to Markets 
MARKETS

Techs Give Lift to Markets

Stocks post modest gains as some financials struggle

(Newser) - Stocks ended slightly up today on mixed news, as techs did well but many financials struggled. "Tech is one of the few bright spots across a sluggish earnings quarter," a market strategist tells the Wall Street Journal. The Dow ended up 42.99 to 12,763.22, the...

Exiting Journal Editor Was Stuck Between Rupe and 'DNA'

Murdoch wanted own man, faster change

(Newser) - Continuing to report on the aftershocks of its own takeover, the Wall Street Journal does a postmortem on the departure of top editor Marcus Brauchli, detailing his uncomfortable position between a demanding new owner and the paper's institutional “DNA.” Rupert Murdoch wanted to build a direct competitor to...

Read All About It: Journal Posts 'Help Wanted' Sign

Managing editor quits, will consult for News Corp.

(Newser) - After Marcus Brauchli officially resigned as managing editor of the Wall Street Journal this afternoon, the paper said it will "begin a search for Mr. Brauchli's replacement immediately." That may prove difficult: Brauchli, who will remain with News Corp. as a consultant,   wasn't given the control over...

Top Editor Bails on Journal
Top Editor
Bails on
Journal

Top Editor Bails on Journal

Four months under Murdoch regime enough for Brauchli

(Newser) - Four months into the Rupert Murdoch era, the Wall Street Journal’s managing editor is resigning. Marcus Brauchli, in the job since May, has tried to chart a path between Murdoch and the paper’s traditionalists, sources told Time, which broke the story on its website. The split is said...

Strong Earnings Propel Rally
 Strong Earnings Propel Rally 
MARKETS

Strong Earnings Propel Rally

Nasdaq up almost 5%, Dow and S&P jump 4% for the week

(Newser) - Stocks rallied to weekly gains today as the markets absorbed last night's strong earnings report from Google and industrial multinationals Caterpillar and Honeywell recorded unexpected first-quarter growth, Bloomberg reports. Google propelled the Nasdaq up 61.14 to close at 2,402.97. The Dow rose 228.87 to 12,849....

Stocks Flat After Day in Red
 Stocks Flat After Day in Red 
MARKETS

Stocks Flat After Day in Red

Mixed data leads to seesaw after Wednesday's rally

(Newser) - The Dow ticked up 1.22 points to close at 12,620.49 today, after a flood of mixed earning reports mostly kept stocks down during the session. One analyst was impressed the market didn’t dip, saying it “seems to be holding up relatively well, especially after yesterday’...

Stocks Seesaw, Close Down
 Stocks Seesaw, Close Down 
MARKETS

Stocks Seesaw, Close Down

Investors hold their breath for coming Q1 earnings reports

(Newser) - Stocks wobbled today, eventually posting modest losses as investors still processing GE’s poor results absorbed Wachovia's unexpected losses and steeled themselves for more disappointment from first-quarter earnings reports. The Dow ended the day down 23.36 at 12,302.06, the Nasdaq dropped 14.42 to 2,275.82,...

Markets Plunge on GE News
 Markets Plunge on GE News 
MARKETS

Markets Plunge on GE News

Dow drops 256 points after surprisingly weak earnings report

(Newser) - The markets went into a tailspin today after GE shares declined 13%—the company's worst performance since the 1987 crash, the Wall Street Journal reports. The Dow fell 256.56 points to close at 12,325.42, the Nasdaq dropped 61.46 points to 2,290.24, and the S&...

Techs Stand Tall in 'Relief Rally'
 Techs Stand Tall in 'Relief Rally' 
MARKETS

Techs Stand Tall in 'Relief Rally'

After days of dismal news, mixed reports enough to rouse investors

(Newser) - Stocks rallied despite a generally unfavorable climate today on positive news from Intel and Wal-Mart, though, with the exception of the Nasdaq, failed to hold on to session highs. The Nasdaq rose 29.58 to close at 2,351.70. The Dow, up triple-digits during the session, ended 54.72...

Stocks Fall on Dismal Earnings
 Stocks Fall on Dismal Earnings 
MARKETS

Stocks Fall on Dismal Earnings

Housing data, WaMu bailout not helping investor confidence

(Newser) - Stocks fell today as the first-quarter earnings report season began with dismal results and a grim new report confirmed that the housing slump hasn't bottomed out, Bloomberg reports. Washington Mutual, freshly bailed out by TPG, led financials lower after it slashed its dividend 93%. The Dow fell 35.99 to...

Stocks Flat Despite WaMu Deal
 Stocks Flat Despite WaMu Deal 
MARKETS

Stocks Flat Despite WaMu Deal

Investors worry about bad news in coming earnings reports

(Newser) - Stocks were flat today after worries about coming first-quarter earnings reports kept a financial stocks rally from taking hold, MarketWatch reports. The Dow rose 3.01 to 12,612.42; the S&P 500 rose 2.14 to 1,372.54; and the Nasdaq was off 6.15 to close...

Resigned Markets End Mixed
 Resigned Markets End Mixed 
MARKETS

Resigned Markets End Mixed

Bad employment data another signal of recession; still, indices up for week

(Newser) - Stocks ended mixed today as a commodities rally contrasted with disappointing employment news, the Wall Street Journal reports—though the major indices were up for the week. The Dow fell 16.61 to close at 12,609.42, up 3.2% for the week. The Nasdaq gained 7.68 points...

Stocks Post Small Gains Again
 Stocks Post Small Gains Again 
markets

Stocks Post Small Gains Again

Session mostly mixed amid nervousness about the economy

(Newser) - The markets finished with modest gains for the second consecutive session today. Investors, still digesting yesterday's testimony by Fed chief Ben Bernanke, shook off bad news on employment and got a lift from the tech sector. The Dow gained 20.20 points to finish at 12,626.03, the Nasdaq...

Stocks Rocket to Start 2nd Quarter
 Stocks Rocket 
 to Start 2nd Quarter 
MARKETS

Stocks Rocket to Start 2nd Quarter

Dow clears 70-year-old mark

(Newser) - The Dow leapt almost 400 points today, the best kickoff to a second quarter since 1938. Lehman Brothers and UBS announced plans to raise capital, cheering investors and convincing many that big banks can work through the credit crisis, Bloomberg reports. The Dow ended up 391.47 at 12,654....

Stocks Fall on Consumer Data
 Stocks Fall on Consumer Data 
Markets

Stocks Fall on Consumer Data

Weekly losses for Dow and S&P

(Newser) - Stocks erased morning gains on poor consumer spending news to wrap up today's session in negative territory. The Dow and the S&P 500 racked up weekly losses of 1.2% and 1.1%, Bloomberg reports. The Dow fell 86.38 today to close at 12,216.08. The Nasdaq...

Stocks Dip on Tough Tech Day
 Stocks Dip on Tough Tech Day 
MARKETS

Stocks Dip on Tough Tech Day

Oracle and Google news hurts markets

(Newser) - The markets fell today on weak news from the tech and financial sectors. The Dow dropped 120.16 points to 12,302.7, the Nasdaq fell 43.53 to 2,280.83, and the S&P closed down 15.36 at 1,325.77, MarketWatch reports. Disappointing results from bellwethers...

Why Close the Markets Today?
 Why Close the Markets Today? 

Why Close the Markets Today?

Observing Good Friday one reason; superstition about 1907 panic another

(Newser) - The Big Board is closed today—but the reason is open to some debate, Bloomberg reports. The last time the markets opened on Good Friday was 101 years ago, when they saw one of two huge crashes that made up the Panic of 1907. Fear of repeating that catastrophe may...

Stories 1861 - 1880 | << Prev   Next >>