Dow Jones Newswires First to Report on Sharp Fall in Value of the Swiss Franc

PR Newswire

posted: 34 DAYS 20 HOURS AGO

Text SizeAAA

NEW YORK, Oct. 20 /PRNewswire/ -- On September 30, 2009, Dow Jones Newswires was ahead of the competition in reporting a significant drop in the value of the Swiss franc. The decline is widely believed to have been the result of intervention in the markets by the Swiss National Bank. Dow Jones reported on the change in the currency minutes before rival news organizations, giving subscribers the opportunity to act before the rest of the market.

Dow Jones delivered this market-moving news to its readers three minutes ahead of Bloomberg. Reuters followed with a story six minutes later.

More than 438,000 financial professionals in 66 countries turn to Dow Jones for breaking news, commentary and analysis, including market-moving corporate, economic, market, financial and political news. Reporting from nearly 90 bureaus across the globe, Dow Jones publishes up to 18,000 news items each day, in 11 languages, covering all asset classes. Dow Jones products help customers build relationships, create market opportunities and enhance trust in their services.

For more information about Dow Jones Newswires or to learn more about the Dow Jones Enterprise Media Group, visit www.dowjones.com .

ABOUT DOW JONES

Dow Jones & Company ( www.dowjones.com ) is a News Corporation company (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV; www.newscorp.com ). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S.

SOURCE Dow Jones & Company

2009-10-20 11:41:00