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dow jones

April 23, 2008

News Corporation chairman and CEO Rupert Murdoch is stepping up his involvement in The Wall Street Journal, the newspaper he acquired last August from the Bancroft family as part of Dow Jones & Co.

News Corporation chairman and CEO Rupert Murdoch (pictured) is stepping up his involvement in the Wall Street Journal, the newspaper he acquired last August from the Bancroft family as part of Dow Jones & Co (click here to read more).

February 18, 2008

The insider trading case at Dow Jones & Company has led to the resignation of one of Hong Kong’s Executive Council members.

The insider trading case at Dow Jones & Company has led to the resignation of one of Hong Kong’s Executive Council members. David Li, the chairman and chief executive of family-owned Bank of East Asia, told ExCo chief executive Donald Tsang that “he regretted that the matter had caused public concern and thus wished to resign from the Council.”

February 6, 2008

David Li, chairman and CEO of family-owned Bank of East Asia, has paid an $8.1 million civil penalty to the US Securities and Exchange Commission to settle an insider trading case.

David Li, chairman and CEO of family-owned Bank of East Asia, has paid an $8.1 million civil penalty to the US Securities and Exchange Commission to settle an insider trading case.

In May 2007 the SEC launched charges against Li and three other individuals for illegal tipping and trading in the securities of Dow Jones & Company in the weeks before the public disclosure of an unsolicited acquisition offer by News Corporation. The  amount paid by all four individuals totals $24 million.

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