Dow Jones To Write Off TTS Costs Of $35 Million In Fourth Quarter


Dow Jones & Co. announced late last week that it plans to write off $32 million for "certain capitalized development costs, goodwill and equipment associated with The Trading Service (TTS)," the conversational foreign exchange trading system marketed by its Telerate Systems Inc. subsidiary. The news was delivered in tandem with Dow Jones' plans to increase its stake in Minex, a Tokyo-based group that plans to develop an order-matching system for the foreign exchange market.

The releases provi

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