Dow Jones Newswires Wins Two 'Best in Business' Awards from the Society of American Business Editors and Writers; Breaking News Coverage of Hurricane Katrina and Procter & Gamble's Acquisition of Gillette Recognized.

NEW YORK -- Dow Jones Newswires, the leading provider of real-time news and information solutions for financial professionals, today announced that it has received two "Best in Business" awards from the Society of American Business Editors and Writers (SABEW). The awards came in the "Breaking News from a Real-Time News Organization" category for coverage of Hurricane Katrina's impact on energy prices and for coverage of Procter & Gamble's $54b acquisition of Gillette.

Seven articles, authored by John Biers, Andrew Dowell, Spencer Jakab and Masood Farivar, were recognized by SABEW for exploring the broad economic impact of Hurricane Katrina on America's energy infrastructure. Noted a SABEW judge, "The Dow Jones' team dug deeply to find out specifically which refineries had been shut down, and reported how that would affect oil and gas prices in the U.S. economy."

Christina Cheddar Berk, Hollister Hovey, Kopin Tan, Neal Lipschutz, Mary Ellen Lloyd, Janet Whitman, Maxwell Murphy and Aparajita Saha-Bubna, along with thirteen other reporters, had seven articles cited from a package on Procter & Gambles' acquisition of Gillette. "Great instincts led them to a great scoop on a major corporate acquisition," one judge said of the Procter & Gamble story. "Writer Christina Cheddar Berk realized there was something strange about Procter & Gamble releasing its earnings a day early. She worked her sources, found out why, and her enterprise paved the way for an outstanding package of stories on the mega-deal."

"On behalf of the entire team at Dow Jones, I congratulate our editorial staff on these victories and for being the best in the business in bringing such important issues to light for our global readers." said Rick Stine, senior editor, Dow Jones Newswires--Americas.

The SABEW "Best in Business" contest was started in 1995 to help set standards and recognize role models for outstanding business journalism. Awards will be presented Sunday, April 30, in Minneapolis during the SABEW's 43rd annual conference. Additional information about the conference and SABEW is available at www.sabew.org.

About Dow Jones Newswires

Dow Jones Newswires (djnewswires.com) offers real-time news and information solutions for financial professionals providing investment, advice and institutional services, and focused services for corporate and communications executives. In addition to Dow Jones Newswires, Dow Jones & Company (NYSE: DJ; www.dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Indexes, MarketWatch, and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC Universal of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.