Apple finally joins the Dow, AT&T out

Apple, the world’s most valuable company, will be calculated in the Dow Jones Industrial Average index starting later this month, the Wall Street Journal reported on Friday. The move has been a long time coming, and was likely made possible by last year’s 7-for-1 stock split which significantly reduced the per-share price of Apple, making it easier to fold into the price-weighted blue chip index. [company]Apple[/company] will replace [company]AT&T[/company] in the prestigious group of thirty major American companies. Apple is currently traded on the Nasdaq and shares were trading at $125.41 at the time of publication.

Why investors might buy a News Corp publishing spinoff

News Corp’s share price is soaring as investors cheer reports that the giant company is planning to spin off its $8 billion publishing division. News Corp analysts we talked with, not surprisingly, like the idea of a restructured News Corp — but interestingly, they’re also optimistic about the prospects of a stand-alone publishing corporation.

Dow Jones’ SmartMoney magazine goes online-only

Plagued by declining ad pages and dollars, SmartMoney, the Wall Street Journal’s twenty-year-old personal finance magazine, is ceasing print production and going online-only. Twenty-five print staffers are losing their jobs while the digital editorial team expands to 15..

Dow Jones reshuffles, president out

One of the few remaining fixtures from Dow Jones’ pre-News Corp days has moved on. Dow Jones announced today that President Todd Larsen has resigned, ending his two-year tenure at that position and 13 overall years at the company.