Jim Cramer's Mad Money Review

A branch of the Bancroft family will vote against News Corp's (Other OTC:NWSAF.PK - News) $5 billion bid for Dow Jones & Co Inc (NYSE:DJ - News), putting pressure on Rupert Murdoch to raise his offer, The Wall Street Journal reported on its Web site on Friday.
Shares of Dow Jones, which publishes The Wall Street Journal, were down 1.06 percent at $53.15 in afternoon trading on the New York Stock Exchange.
The newspaper also reported that the Denver branch of the family, which holds 9.1 percent of Dow Jones's voting stock and supports the News Corp deal, wants Murdoch to raise his $60-per-share bid.
The Denver trust has argued that shareholders who own super-voting Class B shares should get a 10 percent to 20 percent premium.
News Corp has no intention of raising its bid, the newspaper reported.

Labels: DJ, NWSAF.PK, Rupert Murdoch, Wall Street Journal

Wall Street pulled back sharply in early trading Tuesday following several disappointing earnings reports and amid renewed concerns about the mortgage lending market. The Dow Jones industrials lost more than 100 points.
Among the many earnings reported before the opening bell, chemical maker DuPont Co. reported flat second-quarter profit as higher sales offset the cost of energy and research. American Express Co. reported late Monday that quarterly profit climbed 12 percent on record card member spending. However, the nation's third-largest credit card brand said cardholders are also shirking more payments.
Both companies are Dow components. In early trading, the Dow fell 101.20, or 0.73 percent, to 13,842.22.
Broader stock indicators declined. The Standard & Poor's 500 index shed 12.26, or 0.80 percent, to 1,529.31. The Nasdaq composite index lost 21.06, or 0.78 percent, trading at 2,669.52.
Bonds rose, with the yield on the benchmark 10-year Treasury note down to 4.94 Tuesday from 4.96 percent late Monday. The dollar traded mixed against other major currencies, while gold prices climbed.

Labels: AXP, CFC, DD, DJ, MCD, NFLX, NWS, TXN