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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



Mobile Search About To Become Real Business: MCN

Written on
September 18th 2008
Author
  |   Reuters Group

Advertising revenue from mobile Web searching is becoming a serious business and could be worth $2.4 billion by 2011, a key player in the industry said. Mobile Content Networks Inc. (MCN), which says it offers a more mobile-tailored search function than Google or Yahoo, said it was seeing strong demand from [...] More...

Porn Passed Over as Web Users Become Social: Author

Written on
September 17th 2008
Author
  |   Reuters Group

Social networking sites are the hottest attraction on the Internet, dethroning pornography and highlighting a major change in how people communicate, according to a web guru. Bill Tancer, a self-described “data geek”, has analyzed information for over 10 million web users to conclude that we are, in fact, what we click, [...] More...

AIG Tumbles, Worsening Financial Carnage

Written on
September 16th 2008
Author
  |   Reuters Group

American International Group Inc. shares tumbled 50 percent after the giant U.S. insurer’s credit ratings were slashed, feeding market fears as top U.S. investment bank Goldman Sachs reported sharply lower quarterly earnings. The cost of borrowing between banks surged as financing troubles piled up for AIG and the markets faced further [...] More...

Markets in Turmoil by Lehman Failure and Merrill Sale

Written on
September 15th 2008
Author
  |   Reuters Group

Global markets plummeted on Monday after investment bank Lehman Brothers filed for bankruptcy protection, rival Merrill Lynch agreed to be taken over and the Federal Reserve threw a life line to the battered financial industry. As a deepening crisis took new, bigger victims, The U.S. Federal Reserve said for the first [...] More...

Apple Execs Settle Shareholder Suits

Written on
September 11th 2008
Author
  |   Reuters Group

A federal judge in San Jose has given preliminary approval to a $14 million settlement of shareholder claims over backdating of stock options against current and former Apple Inc. executives, court documents showed. The current and former executives and directors, including Chief Executive Steve Jobs, agreed to the settlement. As part of [...] More...

Microsoft To Buy Ciao.com Price Comparison Firm

Written on
August 29th 2008
Author
  |   Reuters Group

Microsoft has agreed to buy Greenfield Online, owner of European price comparison website ciao.com, for about $486 million to boost its Internet search and e-commerce business in Europe.Microsoft, whose $47.5 billion bid to buy Yahoo earlier this year failed after a protracted battle, said on Friday the acquisition should benefit [...] More...

Olympics Set Stage for Emerging Web Tech Fight

Written on
August 25th 2008
Author
  |   Reuters Group

As the world’s best athletes compete in Beijing, the summer Olympic games are setting the stage for a battle between Microsoft Corp. and Adobe Systems Inc. over the Internet’s next big competition. Microsoft’s Silverlight technology and rival Adobe’s Flash format are currently locked in a race over who delivers the world’s [...] More...

EBay Lowering Fixed-Price Sellers’ Listing Fees

Written on
August 20th 2008
Author
  |   Reuters Group

EBay Inc. is cutting the fees U.S. sellers on its site pay for fixed-price items, in one of the company’s boldest moves this year to boost merchandise for sale, lure new buyers and take on competitors. Total sellers’ fees will decrease in most cases under eBay’s plan to improve the balance [...] More...

Liberty Media Open To Discussing AOL Dial-Up Deal

Written on
August 12th 2008
Author
  |   Reuters Group

Liberty Media Corp. would be open to discussing a deal to swap its stake in Time Warner Inc for the media conglomerate’s AOL dial-up Internet business, Liberty Chairman John Malone said on Monday. Although the opportunity for such discussions has yet to arise, Malone said Liberty Capital, which holds passive stakes [...] More...

Google Says AOL Investment May Be Impaired: Filing

Written on
August 8th 2008
Author
  |   Reuters Group

Google Inc.’s 5% stake in Time Warner Inc.’s AOL unit may be worth less than the $1 billion the Web company paid for it in 2006, Google warned in a regulatory filing on Thursday. “We believe our investment in AOL may be impaired,” Google said in its latest quarterly financial [...] More...


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