TheStreet.com mutual fund columnist Brett Arends wonders Wednesday if News Corp. CEO Rupert Murdoch plans to change the name of the Dow Jones Industrial Average after he purchases parent company Dow Jones & Co.
“Naming rights to the DJIA may be the surprise kicker to Murdoch’s $6 billion-plus battle for control of The Wall Street Journal’s publisher. Dow Jones spokesman Howard Hoffman confirms that the company’s owner would have exclusive rights to the index and its name.
“Hoffman questions whether Murdoch would want to tinker with one of the most famous names in the financial world. ‘The Dow Jones Industrial Average is an iconic brand,’ he points out.
“True. But so what?
“This is business. And Murdoch is poised to spend more than $6 billion on a company that produced $105 million in operating income last year.”
Read more here.
Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…
Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…
In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…
Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…
Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…
Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…