Dow Jones & Company Inc.

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Type	Subsidiary
Industry	News and Publishing
Founded	15 Wall Street, New York (1882)
Founder(s)	Charles Dow, Edward Jones
Headquarters	1211 Avenue of the Americas, New York, New York
Key people	Todd Larsen (President)[1]
Products	Wall Street Journal Barron's Magazine Dow Jones Newswires Dow Jones Financial Information Services Factiva FINS.com MarketWatch.com SmartMoney Vedomosti (See complete products listing.)
Revenue	$1.5 billion USD (2009)
Net income	$386.56 million USD (2009)
Parent	News Corporation
Website	dowjones.com

Dow Jones & Company is an American publishing and financial information firm.

The company was founded in 1882 by three reporters: Charles Dow, Edward Jones, and Charles Bergstresser. Like The New York Times and the Washington Post, the company was in recent years publicly traded but privately controlled. The company was led by the Bancroft family, which effectively controlled 64% of all voting stock, before being acquired by News Corporation.

The company became a subsidiary of News Corporation after an extended takeover bid during 2007.^[2] It was reported on August 1, 2007 that the bid had been successful^[3][4] after an extended period of uncertainty about shareholder agreement.^[5] The transaction was completed on December 13, 2007. It was worth US$5 billion or $60 a share, giving NewsCorp control of The Wall Street Journal and ending the Bancroft family's 105 years of ownership.^[6]

In 2010, the company sold 90% of Dow Jones Indexes to the CME Group, including the Dow Jones Industrial Average.

Consumer media[link]

Its flagship publication, The Wall Street Journal, is a daily newspaper in print and online covering business, financial national and international news and issues around the globe. It began publishing on July 8, 1889. Other editions of the Journal include:

• The Wall Street Journal Asia covering news and business in Asia and around the world;
• The Wall Street Journal Europe covering news and business in Europe and around the world;
• The Wall Street Journal Special Editions, publishing translations of articles for inclusion in local newspapers, notably in Latin America.

Other consumer-oriented publications of Dow Jones include Barron's Magazine, a weekly overview of the world economy and markets; MarketWatch.com, the online financial news site; and the consumer magazine SmartMoney which was jointly owned with Hearst Corporation until they sold their stakes to Dow Jones in March 2010.

The monthly journal Far Eastern Economic Review closed in September 2009.

Local media[link]

The Dow Jones news ticker in Times Square.

Dow Jones also owns Dow Jones Local Media Group, which publishes several community newspapers in the U.S.

Enterprise media[link]

The Dow Jones serves corporate markets and financial markets clients with financial news and information products and services. Its products combine content and technology tools to help drive decisions. Major brands include Dow Jones Newswires, Dow Jones Factiva, Dow Jones Indexes, Dow Jones Client Solutions and Dow Jones Financial Information Services.

Ventures[link]

In 2009 Dow Jones Ventures launched FINS.com, a standalone resource for financial professionals with information about finance careers and the finance industry.

Broadcasting[link]

In broadcasting, Dow Jones provides news content to CNBC in the U.S. It produces two shows for commercial radio, The Wall Street Journal Report on the Wall Street Journal Radio Network and The Dow Jones Report.

Indices[link]

Dow Jones sold a 90% stake in its Index business for $607.5M to Chicago-based CME Group, which owns the Chicago Mercantile Exchange, in February 2010.^[7] A few of the most widely used include:

• Dow Jones Industrial Average (DJIA, "Dow 30", or often simply "The Dow")
• Dow Jones Transportation Average
• Dow Jones Utility Average
• Dow Jones Composite Average
• The Global Dow
• Dow Jones Global Titans 50 Index
• Dow Jones Total Stock Market Index
• Dow Jones Sustainability Indexes
• Dow Jones-UBS Commodity Indexes
• Dow Jones Target Date Indexes

Ownership[link]

The Bancroft family and heirs of Clarence W. Barron once effectively controlled the company class B shares, each with a voting power of ten regular shares, prior to its sale to News Corp. At one time, they controlled 64% of Dow Jones voting stock.^[8]

Buyout offer[link]

On May 1, 2007, Dow Jones released a statement confirming that News Corporation, led by Rupert Murdoch, had made an unsolicited offer of $60 per share, or $5 billion, for Dow Jones.^[9] Stock was briefly halted for pending press release. The halt lasted under 10 minutes while CNBC was receiving data. It has been suggested that the buyout offer is related to Murdoch's new cable business news channel Fox Business that launched in 2007. The Dow Jones brand brings instant credibility to the project.^[10]

On June 6, 2007, CEO Brian Tierney of Philadelphia Media Holdings L.L.C., owning company of The Philadelphia Inquirer, Philadelphia Daily News, and Philly.com, went public in an article on Philly.com expressing interest in "joining with outside partners to buy Dow Jones." Tierney said, "We would participate as Philadelphia Media Holdings, along with other investors. We wouldn't do it alone."^{[11][dead link]}

In June, MySpace founder Brad Greenspan put forth a bid to buy 25% of the Dow for $60 a share, the same price per share as News Corporation's bid. Greenspan's offer was for $1.25 billion for 25% of the company.^[12]

On July 17, 2007, The Wall Street Journal, a unit of Dow Jones, reported that the company and News Corporation had agreed in principle on a US$5 billion takeover, that the offer would be put to the full Dow Jones board on the same evening in New York, and that the offer valued the company at 70% more than the company's market value.^[13]

"Our strategy centers around leaving the print publications of Dow Jones intact to continue serving as the gold standard of financial reporting, and creating additional earnings streams through digital media initiatives that can produce a stock price above 100 dollars a share,

For too long, Dow Jones has limited its focus to the world of print media and allowed other, less established entities to generate millions of dollars in profits by developing financial reporting franchises on the Internet and cable television.

The time has come for Dow Jones to break out of its slumber and extend its dominance into the lucrative arena of digital media."

—Channel News Asia Business Section—^[14]

Insider trading scandal[link]

Upon investigating suspicious share price movements in the run-up to the announcement, the SEC alleged that board member Sir David Li, one of Hong Kong's most prominent businessmen, had informed his close friend and business associate Michael Leung of the impending offer. Leung had acted on this information by telling his daughter and son-in-law, who reaped a US$8.2 million profit from the transaction.^[15]

Corporate governance[link]

Prior to its sale to News Corp, the last members of the board of directors of the company were: Christopher Bancroft, Lewis B. Campbell, Michael Elefante, John Engler, Harvey Golub, Leslie Hill, Irvine Hockaday, Peter Kann, David Li, M. Peter McPherson (Chairman), Frank Newman, James Ottaway, Elizabeth Steele, and William Steere.

See also[link]

	New York City portal
	Companies portal

• Closing milestones of the Dow Jones Industrial Average
• List of assets owned by Dow Jones

References[link]

1. ^ http://www.dowjones.com/leadership.asp
2. ^ Pérez-Peña, Richard (December 13, 2007). "Shareholders Back Dow Jones Sale". The New York Times. http://www.nytimes.com/2007/12/13/business/media/13cnd-dow.html?_r=1&ref=media&oref=slogin. 
3. ^ BBC - Murdoch wins fight for Dow Jones
4. ^ Times Online - News Corp wins $5.6bn battle to control Dow Jones
5. ^ Times Online - Dow Jones board agrees News Corp's $5bn offer; July 18, 2007
6. ^ "Murdoch's News Corp. Will Buy Dow Jones, People Say (Update2)". Bloomberg. July 31, 2007. http://www.bloomberg.com/apps/news?pid=20601087&sid=aokdSQYhMOgo&refer=home. 
7. ^ The Wall Street Journal (February 11, 2010). "CME Buys 90% of Dow Jones Indexes". http://online.wsj.com/article/SB10001424052748703455804575057433840097028.html?mod=WSJ_hpp_LEFTWhatsNewsCollection. Retrieved 2010-07-12. 
8. ^ BBC News - Dow Jones family to consider sale - 1 June 2007
9. ^ Money.CNN.com
10. ^ thefirstpost.co.uk - Rupert Murdoch comes roaring back
11. ^ http://www.philly.com/philly/hp/news_top/20070607_A_joint_bid_.html
12. ^ Market Dispatches - MSN Money
13. ^ - "'Dow Jones, News Corp. Set Deal' - Wall Street Journal July 17, 2007
14. ^ http://www.channelnewsasia.com/stories/afp_world_business/view/289501/1/.html
15. ^ The News Corp-Dow Jones Insider Trading Case: A Significant Settlement, SEC Actions, 6 February 2008

External links[link]

• Dow Jones corporate site
• Dow Jones corporate history
• Dow Jones Indexes corporate site
• Dow Jones Stock Indexes averages research site
• Dow Jones Indexes video on indexing using Latin America as an example
• Wall Street Journal
• Dow Jones Today
• Dow Jones Newswires
• Yahoo! Finance - Dow Jones & Company, Inc. Company Profile
• MarketWatch news site
• Dow Jones Sustainability Indexes
• Industry Classification Benchmark - Dow Jones Indexes and FTSE
• Overview of company history "Dow Jones Saga Reflects The Forces That Shaped The Wall Street Journal"

The neutrality of this article is disputed. Please see the discussion on the talk page. Please do not remove this message until the dispute is resolved. (December 2011)

Gerald Celente (born November 29, 1946) is an American trend forecaster,^[1][2] publisher of the Trends Journal, business consultant^[3] and author who makes predictions about the global financial markets and other events of historical importance. Celente has described himself as a "political atheist" and "citizen of the world".^[4] He has appeared as a guest on television news shows such as The Oprah Winfrey Show, The Today Show, Good Morning America, CBS Morning News, The Glenn Beck Show, NBC Nightly News, The Alex Jones Show and Russia Today.^[5][6][7]

Background[link]

Celente was born in The Bronx, New York City, New York. He had early political experience running a mayoral campaign in Yonkers, New York and served as executive assistant to the secretary of the New York State Senate, which Celente called the worst job he ever had.^[8] From 1973 to 1979 Celente traveled between Chicago and Washington D.C. as a government affairs specialist.^[8] In 1980 Celente founded The Trends Research Institute (at first called the Socio-Economic Research Institute of America), now located in Kingston, New York, publisher of the Trends Journal which forecasts and analyzes business, socioeconomic, political, and other trends.^[9]

Forecasting[link]

His forecasts since 1993 ^[10] have included predictions about terrorism, economic collapses and war. More recent forecasts involve fascism in the United States, food riots and tax revolts.^{[3][11][12][13][14][15]} Celente has long predicted global anti-Americanism, a failing economy and immigration woes in the U.S.^[11] In December 2007 Celente wrote, "Failing banks, busted brokerages, toppled corporate giants, bankrupt cities, states in default, foreign creditors cashing out of US securities ... whatever the spark, the stage is set for panic in the streets" and "Just as the Twin Towers collapsed from the top down, so too will the U.S. economy ... when the giant firms fall, they’ll crush the man on the street." He has also predicted tax revolts.^[16][17] In November 2008 Celente appeared on Fox Business Network and predicted economic depression, tax rebellions and food riots in the United States by 2012.^[18] Celente also predicted an "economic 9/11" and a "panic of 2008."^[19]

In 2009 Celente predicted turmoil which he described as "Obamageddon" and he was a popular guest on conservative cable-TV shows such as Fox News Sunday and Glenn Beck's television program.^[6] In April 2009 Celente wrote, "Wall Street controls our financial lives; the media manipulates our minds. These systems cannot be changed from within. There is no alternative. Without a revolution, these institutions will bankrupt the country, keep fighting failed wars, start new ones, and hold us in perpetual intellectual subjugation."^[20] He appeared on the Glenn Beck show and criticized the U.S. stimulus plan of 2009, calling government controlled capitalism "fascism" and saying shopping malls in the U.S. would become "ghost malls."^[21] Celente has said, "smaller communities, the smaller groups, the smaller states, the more self-sustaining communities, will 'weather the crisis in style' as big cities and hypertrophic suburbias descend into misery and conflict," and forecasts "a downsizing of America."^[14]

Revolution in the USA[link]

On Russia Today, he predicted that the USA would face a revolution.^[22]

Neosurvivalism[link]

Celente's website has stated that:

Predictions[link]

2009[link]

"The Crash of '09 was as dramatic as the crash of '29. The New Depression had begun." (Trends Journal, Summer 2008, pg. 12)

2010[link]

Some areas of the U.S. are experiencing resurgences in real estate values due to highly localized factors, and some investors profit from this. However, the rises will almost all stop and reverse with time, and the overall national trend in real estate values is downward. (T.J. Summer 08, pg. 8)

Ghost malls have become a common sight across America. Especially hard-hit are big chain stores (Sears, Home Depot, etc.). (T.J. Summer 08, pg. 8)

2011[link]

Developers have begun rehabbing some of the ghost malls for more productive uses. (T.J. Summer 08, pg. 9)

2012[link]

The economic policies of the U.S. government over the past few years have failed to fix America's fundamental problems and have merely papered over them and in fact made them worse. By 2012, the "American Empire" is collapsing. In the U.S., basic staple goods like quality food and water are too expensive for most people to afford,(T.J. Summer 08, pg. 1) and "food riots" happen across the country (T.J. Summer 09, pg.1). Major American cities look like disaster zones, and mass homelessness exists across the country. Crime is rampant, with much of it being directed at the rich. (T.J. Summer 08, pg. 1) Kidnappings and ransomings of rich people are on the rise. Average people fed up with big government, high taxes and out-of-control spending join tax revolts. (T.J. Summer 09, pg. 1) The world is also experiencing major environmental problems and "the blackest of plagues." The global financial system has also "melted down" and the situation is very bad outside the U.S.(T.J. Summer 08, pg. 1) The advanced industrial economies collapse first, and their sagging consumer spending drags down the export-based economies of emerging economies next.(T.J. Summer 09, pg. 2) The economy is as bad as it was during the Great Depression in many ways. In spite of all this, the U.S. government, power elites, and mainstream media continue to insist that the fundamentals of the world economy are sound, and that official policies can lead to a recovery. A growing number of average people, however, doubt this. (T.J. Summer 08, pg. 1)

While the Mayan and Hopi prophecies of global destruction do not come to pass, 2012 is indeed a watershed year that sees the death of an ailing and unsustainable global economic system and lifestyle and its replacement with something better. (T.J. Summer 08, pg. 2)

By 2012, Obama is viewed by most as a stale president who sold himself as a fresh, visionary candidate in 2008 and instead proved to be a servant of the big corporations and the military-industrial complex like his predecessors.(T.J. Summer 09, pg. 5) His economic policies only delayed disaster and in fact have made the situation worse: Expansionary monetary policy and the various government bailouts and stimulus programs create a "Bailout Bubble" that invariably bursts in a cataclysm for the U.S. and world economy.(T.J. Summer 09, pg. 11) Obama blames other factors for this and might have even tried to start a war by 2012 to distract attention from the domestic misery.(T.J. Summer 09, pg. 12) Obama's foreign policy has also failed to accomplish anything significant on the world stage, and Pakistan is a mess and the Afghan war continues to drag on without hope of conclusion.(T.J. Summer 09, pg. 12)

In the 2012 U.S. elections, online news sites, bloggers and independent journalists wield as much influence on voters as mainstream media outlets (TV, cable, magazines, newspapers) for the first time. This breaks the corporate and moneyed stranglehold on American politics and allows a third party to attain nation-level recognition. (T.J. Summer 08, pg. 5)

Broad future trends[link]

Americans will adapt to lower standards of living and will travel less, both on a daily basis and for vacations. Higher fuel costs, advances in telecommuting and an aging American population will push many more people to work from home or close to home. Walking-distance communities will be constructed and will become popular. (T.J. Summer 08, pg. 7)

Geographically isolated resort destinations like Las Vegas will wither due to higher fuel costs, lower American incomes and increased overseas competition while vacation spots closer to population centers will revive. (T.J. Summer 08, pg. 9)

Government-run lotteries, on the other hand, will thrive. (T.J. Summer 08, pg. 9)

In America and to a lesser extent overseas, consumer spending habits will be motivated out of fear and escapism. Businesses that capitalize upon this will succeed. (T.J. Summer 09, pg. 24)

Publications[link]

• Trend Tracking: The System to Profit from Today's Trends (1991), ISBN 978-0446392877
• Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century (1997), ISBN 978-0446519014
• What Zizi Gave Honeyboy: A True Story about Love, Wisdom, and the Soul of America (2002), ISBN 978-0066212661

References[link]

External links[link]

• trendsresearch.com
• geraldcelente.com

Rui Veloso
Rui Veloso singing in 2006 in Porto.
Background information
Born	(1957-07-30) 30 July 1957 (age 54)
Origin	Lisbon, Portugal
Genres	Rock, Blues, Pop/Rock
Instruments	guitar, piano, harmonica
Years active	1980–present
Website	Official Site

Rui Manuel Gaudêncio Veloso, commonly known as Rui Veloso, CavIH (born in 30 July 1957, Lisbon), is a Portuguese rock and blues singer and musician. Regarded as the "father of Portuguese rock" (despite the rock in Portugal begin in mid 1950´s) this composer and interpreter had a great impact on the Portuguese music scene with the record Ar de Rock (April 1980), which influences were Eric Clapton and B.B.King.

Songs such as Chico Fininho and A Rapariguinha do Shopping became instant classics in the 1980s. His lyrics, normally written by Carlos Tê, are strongly influenced by the Porto culture. An unconditional lover of the blues, he has played with B.B. King several times. He became one of the most productive and renowned Portuguese musicians, as his discography clearly shows today.

Discography[link]

• 1980 - Ar de Rock
• 1982 - Fora de Moda
• 1983 - Guardador de Margens
• 1986 - Rui Veloso
• 1988 - Ao Vivo (live)
• 1990 - Mingos & Os Samurais
• 1991 - Auto da Pimenta
• 1995 - Lado Lunar
• 1998 - Avenidas
• 2000 - O Melhor de Rui Veloso (double album)
• 2000 - Ar de Rock Tributo 20 Anos Depois
• 2003 - O Concerto Acústico (live)
• 2005 - A Espuma das Canções (bonus DVD)

External links[link]

• Official Website

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