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Article: Thumbnails of Dow Jones and News Corp.
- Article from:
- AP Online
- Article date:
- August 1, 2007
CopyrightCopyright 2007 Associated Press/AP Online. This material is published under license from the publisher through YellowBrix, Alexandria, Virginia. All inquiries regarding rights should be directed to YellowBrix. (Hide copyright information)
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DOW JONES
Early history:
Charles Dow, Edward Jones and Charles Bergstresser founded what was then called Dow, Jones & Company in 1882 in a basement office on Wall Street. They produce handwritten news updates called "flimsies" that are delivered to subscribers around Wall Street by messenger.
Dow Jones begins compiling an average of 11 stocks - the precursor of the Dow Jones industrial average - in 1884, and publishing it in the "Customers' Afternoon Letter," which became The Wall Street Journal in 1889. In 1902 correspondent Clarence Barron buys control of Dow Jones, which will eventually pass to the descendants of his wife's eldest daughter from a previous marriage, Jane Barron ...