Dow Jones close to completion of acquisition of Oster Dow Jones.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 (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 ) is close to the completion of the acquisition of Oster Dow Jones (New York), a Joint venture it established with Oster Communications (Ceder Rapids, IA) in January 2002 in which Dow Jones was previously a one-third owner. No terms of the deal have been given. Oster Dow Jones is a commodity news company whose three main products, OsterDow Jones FWN FWN Frankie Weindel Network (software company) , OsterDow Jones AgriWire and OsterDow Jones Commodity-Wire, offer worldwide coverage of all commodities, including base metals, grains, livestock, coffee, sugar, cocoa and orange juice. The company targets its services to financial professionals as well as farmers, manufacturers, end-users and bankers involved in production, procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. and financing of physical commodities. The company will be renamed Dow Jones Commodities Service and the news staff will be retained. DJ Newswires president Paul Ingrassia Paul Ingrassia is president of Dow Jones Newswires, a unit of Dow Jones & Company. Ingrassia was awarded the 1993 Pulitzer Prize for Beat Reporting along with Joseph B. said that "commodities and futures coverage is important to our startegy of covering news and information related to all asset classes, and we expect this to become a fast-growing part of our business." |
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