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New York Daily News: Wall Street
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Rupert Murdoch is making no secret of his desire to take aim at the New York Times once his News Corp. acquires the Wall Street Journal. Several current and former employees say they believe Murdoch will be "very aggressive" on advertising rates and cover price at the Journal.
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Since becoming the state’s 63rd Attorney General on January 1, 1999, Eliot Spitzer has advanced initiatives to make New York a national leader in investor protection, environmental stewardship, labor rights, personal privacy, public safety and criminal law enforcement. Spitzer’s investigations of conflicts of interest on Wall Street have been the catalyst for dramatic reform in the nation’s financial services industry. His prosecutions of sophisticated white collar crimes have resulted in some of the nation’s largest fraud recoveries. Spitzer brings considerable experience to the office. He was a clerk to US District Court Judge Robert W. Sweet; an associate at Paul Weiss, Rifkind, Wharton, and Garrison; and Assistant District Attorney in Manhattan from 1986-1992. He ... worked at the NY law firm of Skadden, Arps, Slate, Meagher and Flom, and was a partner at Constantine & Partners.
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Under Rupert Murdoch, a more aggressive Wall Street Journal could pose a greater threat to BusinessWeek, Forbes and Fortune, as well as the New York Times and the Financial Times. The Journal could develop a dominant online financial-news portal, or a MySpace-like social-networking site.
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