Dow Jones Newswires Launches Weekly Pub & Enters Into Ventures W/Oster.Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) and Oster Communications (Chicago, IL), a company that supplies real-time news and information services See Information Systems. for currency, financial futures financial futures Obligations to buy or sell particular positions in financial instruments. The features of financial futures are identical to those of any futures contract except that the asset for delivery is of a financial nature. and commodities traders and risk managers worldwide, have entered into a venture to form a new commodity news company, OsterDow Jones Commodity News. The new company will be two-thirds owned by Oster and one-third by Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance . Dow Jones and Oster also said they intend to form a jointly-owned second company in the near future, OsterDow Jones Energy News, to cover the energy markets. Dow Jones and Oster will merge their respective commodity news staffs, distribution channels and offices. The new company will offer three primary information services: OsterDow Jones FWN FWN Frankie Weindel Network (software company) , which will be distributed to all of Oster's current Future World News subscribers, is an overview newswire covering commodities in all time zones; OsterDow Jones AgriWire, which will include in-depth and background data on U.S. and global agriculture; and, OsterDow Jones CommodityWire, which will include coverage of all commodities in all times zones with an overview of the energy markets. OsterDow Jones will also provide custom news packages for client Web sites. OsterDow Jones will begin operations on Jan. 1, 2002. The new energy joint venture is expected to begin operating in the spring of 2002. In related news, Dow Jones Newswires has begun the publication of Dow Jones Discount and Distressed Technology Alert. The new weekly e-mail newsletter will "examine the risks and opportunities in technology companies, covering everything from fundamentals to industry trends," Dow Jones said. A monthly subscription costs $195 and an annual subscription costs $2340. The letter is e-mailed every Thursday. The letter is targeted to institutional investors, telecom and high-tech executives, consultants and other financial professionals. Editorial for the newsletter includes examinations of the operations and financials of technology companies under pressure or undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. . It will also include news stories related to distressed-technology companies and market statistics. Editor Michael Rappaport said "the time is right for a newsletter like this, not only to keep people abreast of the issues at high-tech companies but to explain warning signs and opportunities alike." |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion