News & Trends

A Harder Hit at Dow Jones

Dow Jones & Co. Inc. expects to record more severance charges in the second half of 1999 on top of a previously announced second quarter restructuring charge. Dow took a $1.6 million after-tax restructuring hit for employee severance as part of its conversion to electronic pagination of the Wall Street Journal. Dow did not say if it expects additional layoffs. (Dow Jones, 212/416-2000)