Jeffrey McCracken of The Wall Street Journal reports that Dow Jones & Co. — which owns the Journal — could be selling its index business that operates the Dow Jones Industrial Average to CME Group for $700 million.
“That could present an opening for market-index firm MSCI Inc., which has also been in discussions for months with Dow Jones and its owner, News Corp. Dow Jones is the publisher of The Wall Street Journal.
“Dow Jones has for months been negotiating to sell the unit, which manages the flagship Dow Jones Industrial Average. A purchase would be a new step for the CME, which operates the Chicago Mercantile Exchange, and has a strong position in commodities, futures and options trading.
“MSCI has in recent weeks shifted its attention to acquiring RiskMetrics Group Inc. the risk-analysis and investment-research firm, said these people. MSCI’s interest in RiskMetrics then prompted MSCI to hire an investment bank to weigh other offers. Various media groups and private-equity funds are pondering bids for RiskMetrics, said people familiar with the discussions.”
Read more here.
Modern Healthcare has hired Bridget Early to cover health care regulators. She is currently a health care reporter…
Bloomberg Industry Group seeks a junior reporter to cover environmental litigation. Performs general assignment and…
The Star Tribune is seeking an accomplished, motivated and versatile journalist and leader to shape…
The Deputy AME-Business is responsible for the development and planning of coverage on all Newsday…
CNBC.com managing editor Jeff McCracken announced Friday the following promotions: In San Francisco, Ari Levy has…
This Newsday reporter will cover Long Island’s commercial real estate market and the region’s evolving…