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Dow Jones & Co. said it will cut costs by firing 118 employees, closing offices and using an outside company to handle subscription telemarketing for the Wall Street Journal and Barron’s. The New York-based publisher said it expects to take an after-tax charge against fourth-quarter earnings of about $2 million, or 2 cents a share, mostly for severance and closing offices. .Dow Jones shares fell 81 cents to close at $49.13 on the NYSE.

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