NEW YORK--A massive $922.5 million charge relating to the scaleback of Dow Jones Markets forced parent Dow Jones & Co. to post its first loss since 1963. Releasing 1997 earnings last week, the company said the Dow Jones Markets charge and other extraordinary items would result in a $928.0 million charge against fourth-quarter earnings and a loss for the year of $889.3 million.
The bulk of the Dow Jones Markets charge is a noncash writedown of goodwill to the tune of $850 million. The rest of
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.Subscribe to Weekly Wrap emails