Business Services Industry

Past & Future.(In the Markets)(Dow Jones and Company Inc.)(Brief article)

Crain's New York Business, April, 2006

Enough already. Last week, the stock of Dow Jones & Co. got slapped with a sell rating by Merrill Lynch, two weeks after Moody's slashed the publisher's credit rating. Next week will be DJ's turn, when new Chief Executive Richard Zannino unveils first-quarter earnings, which are expected to have risen by low double digits.

The stock fell 4%. Commerce Bancorp, one of banking's big growth stories over the past decade, may be stalling out. Analysts expect it to report first-quarter profits of 40 cents a share this week; that's a nickel less than a year ago. Rising short-term interest rates are the major culprit. Bearish analysts fault the company for underfunding its loan-loss reserves, which could hurt the bank if the economy slows. The stock rose 5%. Talk...

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