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      Dow jumps 936 as governments pledge bank aid

      Posted by Jeff from Huffington Post

      Wall Street stormed back from last week's devastating losses Monday, sending the Dow Jones industrials soaring a nearly inconceivable 936 points after major governments' plans to support the global banking system reassured distraught investors. All the major indexes rose more than 11 percent.

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      Stocks Plunge on Service Sector Weakness

      Posted by Jeff from Huffington Post

      Wall Street plunged Tuesday, driving the Dow Jones industrials down 370 points after investors saw an unexpected contraction in the service sector as evidence the economy is sinking into recession. It was the Dow's biggest percentage drop in almost a year.

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    • Rupert Murdoch takes over Wall Street Journal

      Posted by Sandyenglish

      The takeover of Dow Jones & Company by Rupert Murdoch’s News Corporation was finalized late Tuesday evening. The $5 billion deal will add the Wall Street Journal and other assets to Murdoch’s worldwide media empire and lead to a further concentration of the media in the hands of a few super-rich individuals and vast conglomerates.

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    Jeff

    Member since Dec 2008

    Jeff is the founder of NewsCloud. He is also a freelance writer and blogs at Idealog.

    Seattle


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