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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.[3] It was reported on August 1, 2007 that the bid had been successful[4][5] after an extended period of uncertainty about shareholder agreement.[6] 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.[7]
In 2010, the company sold 90% of Dow Jones Indexes to the CME Group, including the Dow Jones Industrial Average.
http://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average
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The Dow Jones Industrial Average (
/daʊ dʒəʊnz/), also referred to as the Industrial Average, the Dow Jones, the Dow 30, or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. It is now owned by the CME Group, which is the majority owner of Dow Jones Indexes. The average is named after Dow and one of his business associates, statistician Edward Jones. It is an index that shows how 30 large, publicly owned companies based in the United States have traded during a standard trading session in the stock market.[1] It is the second oldest U.S. market index after the Dow Jones Transportation Average, which was also created by Dow.http://en.wikipedia.org/wiki/CME_Group
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CME Group Inc. (NASDAQ: CME) owns and operates large derivatives and futures exchanges in Chicago and New York City, as well as online trading platforms. It also owns the Dow Jones stock and financial indexes. The contracts its exchanges trade include futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, rare and precious metals, weather and real estate.[1]
The corporate world headquarters are in the Chicago Loop financial district The corporation was formed by the 2007 merger of the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT). On March 17, 2008, it announced its acquisition of NYMEX Holdings, Inc., parent company of the New York Mercantile Exchange and Commodity Exchange, Inc (COMEX), which was formally completed on August 22, 2008.[2] The four exchanges now operate as designated contract markets (DCM) of the CME Group.[3]
On February 10, 2010, CME announced its purchase of 90% of Dow Jones Indexes including the Dow Jones Industrial Average.[4]
CME Group owns 5% of BM&F Bovespa, the São Paulo stock exchange and BM&F Bovespa owns 5% of CME Group.[5]
http://online.wsj.com/article/PR-CO-20110531-910522.html
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HO: Chicago Mayor Rahm Emanuel
CME Group Executive Chairman Terry Duffy
CME Group Chief Executive Officer Craig Donohue
Chicago Public Schools Chief Executive Officer Jean-Claude Brizard
WHAT: 26th Annual CME Group Center for Innovation Awards for Student
Achievement
WHEN: Noon, Wednesday, June 1, 2011
WHERE: Auditorium Theater Building
50 E. Congress Parkway, Chicago
Valid press credentials required for admission
TO RSVP: Please contact Debra Derdzinski, 312-207-2571,
Debra.Derdzinski@cmegroup.com.
http://www.cmegroup.com/company/history/magazine/
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Past Issues
http://www.cmegroup.com/company/history/magazine/Vol7-Issue1/fromthetop.html
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From the Top
At CME Group, we take pride in our role as an innovator in the financial services industry, and we constantly seek new ways for our business to help advance the global economy.
To offer our customers and industry leaders a holistic perspective on the world’s financial landscape, we presented our third annual Global Financial Leadership Conference in Naples, Fla., this past October. Thought leaders from various disciplines discussed and debated emerging geopolitical trends and critical economic issues, and offered illuminating perspectives on future developments in the financial marketplace.
Former U.S. President Bill Clinton delivered the event’s keynote address, sharing his vision for the United States and the world economy. Other speakers presented varied perspectives from a wide range of backgrounds and industries, and we are pleased to share some of the highlights with you in this issue of CME Group Magazine, including:
- Robert Rubin, former U.S. secretary of the Treasury, giving his short- and long-term views of the U.S. economy;
- Bestselling author Michael Lewis’s account of the financial crisis from his new book, The Big Short;
- Dwight Anderson, founder of Ospraie Management, discussing three major economic elements that will drive commodity prices; and
- Insights from global experts on the topic of developing countries and opportunities within their evolving economies.
Craig S. Donohue
Chief Executive Officer
Chief Executive Officer
http://www.sourcewatch.org/index.php?title=Dow_Jones_%26_Company
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Dow Jones & Company
From SourceWatch
Dow Jones & Company, based in New York City, U.S., is the owner of several print and electronic publications, its flagship being the Wall Street Journal, and it partly owns CNBC media. It also produces various stock market indices.It owns The Wall Street Journal Europe, The Wall Street Journal Asia, and the financial magazine Barron's as well as offering syndicated news, financial information, and stock market data. Competitors of Dow Jones include Bloomberg L.P., Financial Times, and Reuters. [1]
Rupert Murdoch's News Corporation and Dow Jones & Company said in August 2007 that they signed an agreement for the News Corporation to buy Dow Jones for around US$5.6 billion. [2]
Contents[hide]Excerpt: |
http://en.wikipedia.org/wiki/Bancroft_family
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Dow Jones-NewsCorp sale
 | This section requires expansion. |
At the time of the 2007 sale of the Dow Jones Co. to NewsCorp, the Bancroft family (more than thirty members) owned 42 percent of the business but controlled 68 percent of the voting stock,[7] through their possession of 7.5 million Class B shares. In the sale to Murdoch, the Bancrofts made more than $1.2 billion.
Bancroft family representatives filled three seats on the Dow Jones board of directors, representing three branches of the family — the descendants of the three children of Hugh and Jane Bancroft. At the time of the sale, those board members included Christopher Bancroft and his cousins Leslie Hill and Elizabeth Steele.
The Bancroft family initially held out for three months against Murdoch's advances until accepting a $60-per-share offer from NewsCorp.[1]
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The family
The Bancrofts are a family of publicly-reclusive Boston socialites who inherited The Wall Street Journal from Clarence W. Barron, who as a publisher built up the reputation of that newspaper.[1] Upon Barron's death in 1928, control of the company passed to his stepdaughters Jane and Martha, children of his wife Jesse Waldron. Barron's son-in-law and Jane's husband, Harvard-educated lawyer Hugh Bancroft, ran the company and the paper for the next five years. Suffering from depression, Bancroft committed suicide in 1933 at the age of fifty-four. The family members maintained ownership of the company through ensuing generations, though management was placed in the hands of capable professionals, like Journal editor Bernard Kilgore.[2]
A notable family member of the following generation was Mary Bancroft, Hugh Bancroft's daughter by his first marriage. She worked for U.S. intelligence in Switzerland during World War II.[3][4] She wrote novels and a memoir, Autobiography of a Spy,[5] before dying in 1997 at age ninety-three. She was survived by six grandchildren and twelve great-grandchildren.
Jane Bancroft's daughter Jessie Bancroft Cox was another prominent member of the second generation. Her husband, son, and grandson — William C. Cox, Bill Cox Jr., and Billy Cox III, respectively — were "the only Bancrofts to have actually worked at Dow Jones since Hugh Bancroft's suicide."[6]
The family members' private pastimes consist mainly of show-horse breeding, sailing, and farming. However, the family has also produced a speedboat champion and an airline pilot.[1]
http://www.portfolio.com/executives/features/2008/02/19/Natalie-Bancroft-on-Dow-Jones-Board/
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http://en.wikipedia.org/wiki/Clarence_W._Barron
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Clarence W. Barron (July 2, 1855, in Boston, Massachusetts – October 2, 1928) is one of the most influential figures in the history of Dow Jones & Company. As a career newsman described as a "short, rotund powerhouse,"[citation needed] he died holding the posts of president of Dow Jones and de facto manager of The Wall Street Journal. He is considered the founder of modern financial journalism.
http://www.forbes.com/forbes/2004/1011/050_print.html
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The litigation concerns the estate of Jacqueline (Jackie) Spencer Morgan. In 1948, at age 23, she married Hugh Bancroft Jr., whose grandfather Clarence W. Barron had owned what became Dow Jones & Co., the Journal's publisher. (The Bancroft family still controls now publicly traded Dow Jones through a class of supervoting shares.) Seeking a quieter life, the couple moved to southern New Mexico. But after siring three children--Hugh Bancroft III, Christopher Bancroft and Kathryn Kavadas--Hugh Jr. died in 1953 at age 42. Jackie remarried a local doctor, A.N. Spencer, who died in 1999. In 2000, at age 75, Jackie married again. Husband number three: Ronnie Lee Morgan, 50, whom Jackie had befriended some years earlier after hiring him to work on the 514-seat nonprofit Spencer Theater for the Performing Arts she built for $22 million near her Alto, N.M. home.
But in May 2003, at age 77, Jackie died of an infection after intestinal surgery, leaving behind assets, including Dow Jones stock, that generated $4 million a year. Five million went outright as a bequest to the financially tight Spencer Theater. Various trusts, including one that she signed three days before her death, and her will gave widower Morgan income for life. Jackie's well-heeled kids, each on The Forbes 400 list several times during the 1980s, would get the bulk of the principal only upon Morgan's death--maybe not for decades.
http://en.wikipedia.org/wiki/Natalie_Bancroft
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Natalie Bancroft (b. circa 1980) is a member of the board of directors of News Corporation.[1]
Biography
She is a member of the Bancroft family, which controlled the Dow Jones media empire for decades.[1] She studied journalism, and graduated from the Institut de Ribaupierre in Lausanne, Switzerland.[1] She is also a professionally trained opera singer.[1][2][3][4][5]She was appointed to the board of News Corporation at the age of 27, following News Corporation's acquisition of Dow Jones.[1][2][3][4][5][6] She lives in New York, New York.[1]
http://www.ourbusinessnews.com/news-corp-independent-directors-hire-law-firm/
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News Corp.’s nine independent directors have hired corporate law firm Debevoise Natalie Bancroft of the family that owned Dow Jones and venture capitalist Thomas Perkins, among others.
Perkins told The Associated Press late Monday that he would “personally make damn sure” that an internal probe set up to investigate the scandal remains independent.
The panel, called the Management and Standards Committee, is to be headed by commercial lawyer Anthony Grabiner and report to Klein, who will report to Dinh.
http://en.wikipedia.org/wiki/Michael_Mukasey
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Michael Bernard Mukasey [4] (
/mjuːˈkeɪzi/;[5] born July 28, 1941)[3] is a lawyer and former judge who served as the 81st Attorney General of the United States. Mukasey, an American lawyer, was appointed following the resignation of Alberto Gonzales. Mukasey also served for 18 years as a judge of the United States District Court for the Southern District of New York, six of those years as Chief Judge. He is the recipient of several awards, most notably the Learned Hand Medal of the Federal Bar Council.[6] Mukasey was the second Jewish U.S. Attorney General.[7] Mukasey is a partner at the international law firm Debevoise & Plimpton.[8]http://www.sourcewatch.org/index.php?title=Human_Rights_First
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http://www.lse.ac.uk/collections/law/staff/anthea-roberts.htm
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Anthea served as an Associate to the Chief Justice of the High Court of Australia, the Hon. A.M. Gleeson AC, and as an intern for the Hon. Judge Simma at the International Court of Justice, before spending five years as an attorney in the International Dispute Resolution Group at Debevoise & Plimpton LLP in New York and London.
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