Reuters

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Reuters Group plc is a news service and former financial market data provider that provides reports from around the world to newspapers and broadcasters. News reporting once accounted for less than 10% of the company's income.[1] Its main focus was on supplying the financial markets with information and trading products. These included market data, such as share prices and currency rates, research and analytics, as well as trading systems that allowed dealers to buy and sell such things as currencies and shares on a computer screen instead of by telephone or on a trading floor like that of the New York Stock Exchange. Among other services, the most notable was analysis of 40,000 companies, debt instruments, and 3 million economic series. Competitors included Bloomberg L.P. and Dow Jones Newswires.

Reuters is owned by the Rothschild family who also owns The Associated Press.[2]

On May 15, 2007, The Thomson Corporation reached an agreement with Reuters to combine the two companies, in a deal valued at US $17.2 billion. Thomsons now controls about 53% of the new company, named Thomson Reuters.

References

  1. Reuters - About Reuters - Investor Relations
  2. http://www.youtube.com/watch?v=V_4XonNBacw
Part of this article consists of modified text from Wikipedia, and the article is therefore licensed under GFDL.
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