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Prices for commodities—goods such as copper, wheat, or oil—jumped by almost a quarter for the first 10 months of the fiscal year, according to the Dow Jones-AIG Commodity Index. The letter, released last August, estimated Harvard's investment in commodities at 17 percent of the endowment for fiscal year 2008, making it their single largest investment by asset class. That number reflects a near tripling of the share of the endowment invested in commodities since...
Sources at Dow Jones & Company Inc. say that Marcus Brauchli, managing editor of The Wall Street Journal, is submitting a letter of resignation, with his departure to be announced as early as Tuesday morning. The separation is said to be amicable and Brauchli is likely to stay with the company in a yet-to-be-determined capacity. One source says a search is already under way for the next managing editor...
...spokesman for News Corp., which owns Dow Jones and the Wall Street Journal, had no comment...
Brauchli (pronounced Brock-lee) started at Dow Jones as a copyreader in 1984 and rose through the ranks from foreign correspondent to global news editor, overseeing the paper's successful Asian and European redesigns in 2005. He was named to the paper's top job almost exactly a year ago, replacing Paul Steiger, who had held the job since 1991. Brauchli received a standing ovation in the newsroom when his appointment was announced and was viewed as someone who would safeguard the paper's credibility in the face of Rupert Murdoch's ultimately successful attempt to purchase Dow Jones...
...week ending January 26, 2008, when the Dow Jones Industrial Average fell by 200 points after the Federal Reserve's interest rate cuts failed to kick-start the economy, the surge in searches for "recession" increased two-fold over searches for the term in the prior weeks of 2008. But as with searches for "gas prices" and "foreclosures," our concerns over the news was ephemeral. By the following week, those same searches decreased...