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Reuters Group plc is a financial market data provider and news service that provides reports from around the world to newspapers and broadcasters. However, news reporting accounts for less than 10% of the company's income. Its main focus is on supplying the financial markets with information and trading products. These include market data, such as share prices and currency rates, research and analytics, as well as trading systems that allow 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 is analysis of 40,000 companies, debt instruments, and 3 million economic series. Competitors include Bloomberg L.P. and Dow Jones Newswires.

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Reuters Group



Google Seeks EU Approval For Motorola Mobility Deal

Written on
November 28th 2011
Author
  |   Reuters Group

REUTERS – World number one internet search engine Google is seeking E.U. regulatory clearance of its planned purchase of handset maker Motorola Mobility Holdings, the European Commission said on its website on Monday. Google unveiled the $12.5 billion deal to boost its patent portfolio in August, seen as a defensive move [...] More...

Buying friends on Facebook

Written on
September 3rd 2009
Author
  |   Reuters Group

REUTERS — Who says you can’t buy friends? An Australian online marketing company is selling friends and fans to Facebook members after offering a similar service to Twitter users. Advertising, marketing and promoting company uSocial (usocial.net) said it was targeting social networking sites because of their huge advertising potential. “Facebook is an [...] More...

Myspace sale? No way, says Rupert Murdoch

Written on
July 9th 2009
Author
  |   Reuters Group

Reuters — News Corp is not interested in buying popular microblogging site Twitter and will not sell its struggling social network MySpace, said the media conglomerate’s chief executive, Rupert Murdoch. Murdoch, who arrived on Wednesday at the Allen & Co investment bank’s Sun Valley media and technology conference, said Twitter would [...] More...

Facebook to make gazillions (or just pick any number)

Written on
July 6th 2009
Author
  |   Reuters Group

REUTERS — Facebook will likely be posting billions of dollars in revenue in five years, up from about $500 million this year, according to Silicon Valley entrepreneur Mark Andreessen who sits on Facebook’s board. Andreessen told Reuters that the world’s most popular online social network could pile up $1 billion in [...] More...

Wired teens abusing web and caffeine

Written on
June 1st 2009
Author
  |   Reuters Group

REUTERS – Caffeine-fueled teens are texting, Web-surfing and gaming for hours into the night, which is affecting their alertness and ability to function during the day, a new study in Pediatrics shows. “They’re up at night and they’re dong a lot less homework than we thought and a lot more multitasking,” [...] More...

Facebook IPO a few years out

Written on
May 20th 2009
Author
  |   Reuters Group

REUTERS — Facebook CEO Mark Zuckerberg hopes to eventually take his company public but said it won’t be for a few years, and stressed that the world’s largest online social network is in no immediate need of capital. The 25-year-old co-founder of Facebook said he is always open to partnerships and [...] More...

Retail stalls in US

Written on
April 14th 2009
Author
  |   Reuters Group

REUTERS — U.S stocks fell on Tuesday after an unexpected drop in retail sales dampened recent optimism over the state of the U.S. economy. Sales at U.S. retailers fell 1.1 percent in March, snapping two months of increases and hitting a wide range of stocks such as Macy’s Inc., which slumped [...] More...

Rupert Murdoch: Users must pay for online news

Written on
April 3rd 2009
Author
  |   Reuters Group

Reuters — Rupert Murdoch, whose media company News Corp owns one of the few U.S. newspapers that makes people pay to read its news on the Web, said more papers will have to start doing the same to survive. Murdoch, who bought The Wall Street Journal and its parent company Dow [...] More...

IBM closes in on Sun

Written on
March 18th 2009
Author
  |   Reuters Group

Reuters — IBM is in talks to buy Sun Microsystems Inc for at least $6.5 billion, The Wall Street Journal reported, in a deal that could bolster their computer server products against rivals such as Hewlett-Packard Co. That would translate into a premium of about 100 percent over Sun’s Nasdaq closing [...] More...

Consumers whither in meltdown

Written on
February 25th 2009
Author
  |   Reuters Group

REUTERS — U.S. consumer confidence plunged to another record low in February with expectations that already dire economic conditions will continue to weaken and the jobs market will further deteriorate. The Conference Board, an industry group, said that its sentiment index fell to 25.0 from a downwardly revised 37.4 in January. [...] More...


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