Dow Jones could pay more to refinance debt

August 18, 2007 Dow Jones & Co Inc chief executive Richard Zannino said Friday that a worsening credit market likely would force the company to pay more to refinance debt. On Friday, the Federal Reserve cut the discount rate, governing direct Fed loans to banks, in a surprise move to allay market concerns that credit woes could damage global economic growth. "Market slides always worry me as they impact business confidence, which in turn impacts business investment in everything from hiring to advertising to capital to (mergers and acquisitions)," Zannino said.

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