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Encyclopedia > Reuters
Reuters Group plc
Type Public (LSE: RTR, NASDAQRTRSY)
Founded October 1851
Headquarters Flag of the United Kingdom London, England, UK
Industry News agency, Financial
Revenue £2,566m (2006)
Operating income £256m (2006)
Net income £305m (2006)
Website www.reuters.com

Reuters Group plc (LSE: RTR and NASDAQRTRSY); pronounced [ɹɔɪtəɹz] is known as a financial market data provider and a 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.[1] 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. Image File history File links Reuters_logo. ... This article does not cite any references or sources. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... NASDAQ in Times Square, New York City. ... For other uses, see October (disambiguation). ... 1851 (MDCCCLI) was a common year starting on Wednesday (see link for calendar) of the Gregorian calendar (or a common year starting on Friday of the 12-day-slower Julian calendar). ... Image File history File links Flag_of_the_United_Kingdom. ... This article is about the capital of England and the United Kingdom. ... For other uses, see England (disambiguation). ... A news agency is an organization of journalists established to supply news reports to organizations in the news trade: newspapers, magazines, and radio and television broadcasters. ... FINANCIAL is the weekly English-language newspaper with offices in Tbilisi, Georgia and Kiev, Ukraine. ... Look up revenue in Wiktionary, the free dictionary. ... “GBP” redirects here. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... “GBP” redirects here. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... “GBP” redirects here. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... The Source by Greyworld, in the new LSE building Paternoster Square. ... NASDAQ in Times Square, New York City. ... Articles with similar titles include the NATO phonetic alphabet, which has also informally been called the “International Phonetic Alphabet”. For information on how to read IPA transcriptions of English words, see IPA chart for English. ... A news agency is an organization of journalists established to supply news reports to organizations in the news trade: newspapers, magazines, and radio and television broadcasters. ... News media satellite up-link trucks and photojournalists gathered outside the Prudential Financial headquarters in Newark, New Jersey in August, 2004 following the announcement of evidence of a terrorist threat to it and to buildings in New York City. ... In finance, financial markets facilitate: The raising of capital (in the capital markets); The transfer of risk (in the derivatives markets); and International trade (in the currency markets). ... Look up Market in Wiktionary, the free dictionary. ... Analytics is the study of business data using statistical analysis in order to discover and understand historical patterns with an eye to predicting and improving business performance in the future. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... This article does not cite any references or sources. ... For alternative meanings, see bond (a disambiguation page). ... Bloomberg L.P. is the largest financial news and data company in the world, controlling 33% of market share. ... Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. ...


On May 15, 2007, The Thomson Corporation agreed to a merger with Reuters, a deal valued at US $17.2 billion. Thomson will control about 53% of the new company, to be named Thomson-Reuters. The new head of Thomson-Reuters will be Tom Glocer, the current head of Reuters.[2] is the 135th day of the year (136th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st Century. ... For other companies called Thomson, see Thomson (disambiguation). ... “USD” redirects here. ... Wikinews has related news: Thomson Corporation and Reuters agree to merge Thomson-Reuters Corporation is the name of a media company that will be created when The Thomson Corporation and Reuters merge. ... Tom Glocer (born 8 October 1959) is the CEO of Reuters. ...


In October 2007, Reuters Market Light, a division of Reuters launched a mobile phone service for the Indian farmers to provide local and customized commodity pricing information, news and weather updates.[3] October 2007 is the tenth month of that year and has yet to occur. ... This article does not cite any references or sources. ... This article does not cite any references or sources. ... For other uses, see News (disambiguation). ... For the geological process, see Weathering or Erosion. ...

Contents

History

A front view of the Reuters Times Square, New York building.
(New York City, New York)
Reuters Data Centre, London.
Reuters Data Centre, London.

Paul Julius Reuter, born to a rabbi in Kassel, Germany, noticed that, with the electric telegraph, news no longer required days or weeks to travel long distances. In 1850, the 34-year-old Reuter was based in Aachen, Germany, close to the Dutch and Belgian border, and began using the newly opened Berlin–Aachen telegraph line to send news to Berlin. But there was a 76-mile gap in the line between Aachen and Brussels. Reuter spotted the opportunity to speed up news between Brussels and Berlin by using homing pigeons to bridge the gap in the line. Image File history File links Metadata Size of this preview: 800 × 600 pixelsFull resolution (1280 × 960 pixel, file size: 612 KB, MIME type: image/jpeg) took this photo in nyc with a sony cybershot dsc cam. ... Image File history File links Metadata Size of this preview: 800 × 600 pixelsFull resolution (1280 × 960 pixel, file size: 612 KB, MIME type: image/jpeg) took this photo in nyc with a sony cybershot dsc cam. ... New York, New York and NYC redirect here. ... This article is about the state. ... Image File history File links Download high resolution version (1894x1599, 622 KB) Reuters Data Centre (also called Reuters Technical Services Centre) at Blackwall Yard in the London (England) Borough of Tower Hamlets. ... Image File history File links Download high resolution version (1894x1599, 622 KB) Reuters Data Centre (also called Reuters Technical Services Centre) at Blackwall Yard in the London (England) Borough of Tower Hamlets. ... a statue of Reuter in the City of London Paul Julius Baron von Reuter was born July 21, 1816, in Kassel, Germany, as son of a rabbi. ... This article is about the city of Kassel in Hessen, Germany. ... ... Oche redirects here; in darts the oche is the line from which players must throw. ... Homing pigeon The homing pigeon is a variety of domesticated Rock Pigeon (Columba livia) that has been selectively bred to be able to find its way home over extremely long distances. ...


In 1851, Reuter moved to London as attempts to lay a submarine telegraph cable from Dover to Calais looked to be succeeding, after failures in 1847 and 1850. He set up his "Submarine Telegraph" office in October 1851 just before the opening of the cable in November, and agreed to a contract with the London Stock Exchange to provide stock prices from the continental exchanges in return for access to the London prices, which he supplied to Paris brokers. This article is about the capital of England and the United Kingdom. ... , Dover is a major channel port in the English county of Kent. ... Calais (Kales in Dutch) is a town in northern France, located at 50°57N 1°52E. It is in the département of Pas-de-Calais, of which it is a sous-préfecture. ... The Source by Greyworld, in the new LSE building Paternoster Square. ...


In 1865, Reuter's private firm was restructured and became a limited company called Reuter's Telegram Company. Reuter had been naturalised as a British subject in 1857.


Reuter's agency built a reputation in Europe for being the first to report scoops from abroad, like the news of Abraham Lincoln’s assassination. Today, almost every major news outlet in the world subscribes to Reuters. It operates in 200 cities in 94 countries, supplying text in 19 languages. For other uses, see Abraham Lincoln (disambiguation). ...


Reuters was floated as a public company in 1984 on the London Stock Exchange and on NASDAQ in the US. However, there were concerns that the company's tradition for objective reporting might be jeopardised if control of the company later fell into the hands of a single shareholder. To counter this possibility, the constitution of the company at the time of flotation included a rule that no individual was allowed to hold more than 15% of the company. If this limit is exceeded the directors can order the shareholder to reduce the holding to less than 15%. This rule was applied in the late 1980s when Rupert Murdoch's News Corporation, which already held around 15% of Reuters, bought an Australian news company which also had a holding in Reuters. The acquisition meant that Murdoch then held more than 15% and he was obliged to reduce the holding to less than 15% in line with the rules. The Source by Greyworld, in the new LSE building Paternoster Square. ... NASDAQ in Times Square, New York City. ... Keith Rupert Murdoch AC, KCSG (born 11 March 1931) is an Australian born United States citizen who is a global media executive and is the controlling shareholder, chairman and managing director of News Corporation, based in New York. ... 1211 Avenue of the Americas (Sixth Avenue), where News Corporation is based News Corporation (abbreviated to News Corp) (NYSE: NWS, NYSE: NWSa, ASX: NWS, LSE: NCRA) is one of the worlds largest Media conglomerates. ...


At the same time, as a further measure to protect the independence of Reuters news reporting, The Reuters Founders Share Company was set up. This is a company whose sole task is to protect the integrity of the company's news output. It holds one "Founders Share" which can outvote all other shares in the event that an attempt is made to alter any of the rules relating to the Reuters Trust Principles. These principles set out the company's aim to preserve its independence, integrity and freedom from bias in its news reporting. [12]


Reuters began to grow rapidly in the 1980s, widening the range of its business products and expanding its global reporting network for media, financial and economic services. Recent key product launches include Equities 2000 (1987), Dealing 2000-2 (1992), Business Briefing (1994), Reuters Television for the financial markets (1994), 3000 Series (1996) and the Reuters 3000 Xtra service (1999).


In the mid-1990s the company had a brief foray into the radio sector with London Radio's two stations, London News 97.3 FM and London News Talk 1152 AM, which replaced LBC in 1994. A Reuters Radio News service was also set up to compete with Independent Radio News. LBC Radio (originally the London Broadcasting Company) operates two London-based radio stations, with news and talk formats. ... Independent Radio News provides a service of news bulletins, audio and copy to commercial radio stations in the UK and beyond. ...


In 1995, Reuters established its "Greenhouse Fund" to take minority investments in a range of start-up technology companies, initially in the United States.


Edward G. Robinson starred in a Hollywood film about the company called A Dispatch from Reuters in 1940. Edward Goldenberg Robinson (born Emanuel Goldenberg, Yiddish: עמנואל גולדנברג; December 12, 1893 – January 26, 1973) was an American stage and film actor of Romanian origin. ...


Journalists

Reuters has a team of several thousand journalists, who, over the years, have covered every big news event, sometimes at the cost of their lives. In May 2000 Kurt Schork, an American reporter, was killed in an ambush while on assignment in Sierra Leone. In April and August 2003, news cameramen Taras Protsyuk and Mazen Dana were lost at the hands of the US forces in Iraq. During 2004, the company lost cameramen Adlan Khasanov in Chechnya and Dhia Najim in Iraq. Kurt Schork Kurt Schork (1947 – May 24, 2000) – was an American reporter and war correspondent. ... This article is about journalistic reporters. ... An ambush is a long established military tactic in which an ambushing force uses concealment to attack an enemy that passes its position. ... Taras Protsyuk (1968 – April 8, 2003) was a Ukrainian-born TV cameraman working for Reuters, who was killed during the US invasion of Iraq. ... Mazen Dana at work covering the news. ... Adlan Khasanov Adlan Khasanov (born 1970 — died 9 May 2004) — was a Chechen, Russian journalist and photographer, killed during a terrorist act in Grozny. ... The Chechen Republic (IPA: ; Russian: , Chechenskaya Respublika; Chechen: , Noxçiyn Respublika), or, informally, Chechnya (; Russian: ; Chechen: , Noxçiyçö), sometimes referred to as Ichkeria, Chechnia, Chechenia or Noxçiyn, is a federal subject of Russia. ...


The first Reuters journalist to be taken hostage in action was Anthony Grey. Detained while covering the Cultural Revolution in Peking in the late 1960s, said to be in response to the jailing of several Chinese terrorists by the colonial British Government in Hong Kong. He was considered to be the first political hostage of the modern age and was eventually released after almost 2 years solitary confinement. Awarded an OBE by the British Government in recognition of this, he went on to become a best selling author. The Great Proletarian Cultural Revolution [1] in the Peoples Republic of China was a struggle for power within the Communist Party of China that manifested into wide-scale social, political, and economic chaos, which grew to include large sections of Chinese society and eventually brought the entire country to... The Most Excellent Order of the British Empire is a British order of chivalry established on 4 June 1917 by King George V. The Order includes five classes in civil and military divisions; in decreasing order of seniority, these are Knight Grand Cross or Dame Grand Cross (GBE) Knight Commander...


Investments

Notable investments include:

  • Factiva:

In May 1999, Reuters entered a joint venture with long-time rival, Dow Jones & Company, to form Factiva [4], a business news and information provider. In December 2006 Reuters sold its 50% share in Factiva to Dow Jones, who is now the sole owner. [5] Dow Jones redirects here. ... Factiva Logo Factiva, Dow Jones & Company which provides essential business and research information and services for the business and education communities. ... Dow Jones & Company NYSE: DJ, based in the United States, is a publishing and financial information firm. ...

In July 1999 TIBCO completed an IPO on NASDAQ; Reuters retains a substantial proportion of the shares. Reuters announced in early 2000 a range of major initiatives designed to accelerate its use of internet technologies, open new markets and migrate its core business to an internet-based model. Tibco Software Inc. ... Wikipedia does not yet have an article with this exact name. ...

  • Instinet:

In May 2001 Instinet completed an IPO on NASDAQ; Reuters sold its majority stake in Instinet to The Nasdaq Stock Market in 2005.

  • Bridge Information Systems:

On September 28, 2001, completed the largest acquisition in its history acquired certain businesses and assets of Bridge Information Systems Inc. Also during the year, the Group acquired 100% of Diagram fip SA and 92% of ProTrader Group LP. In October 2001, the Group disposed of its majority stake in VentureOne Corp. is the 271st day of the year (272nd in leap years) in the Gregorian calendar. ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ...

  • AVT Technologies;

In December 2002, Reuters announced that it would acquire AVT Technologies, a specialist in foreign exchange transaction technology. Concurrent with the deal, Reuters established an Automated Dealing Technologies business unit, headed up by Mark Redwood, CEO of AVT Technologies.

  • Multex.com Inc.:

In March 2003, Reuters acquired Multex.com, Inc., a provider of global financial information.

  • EcoWin AB:

In November 2005, Reuters acquired also EcoWin AB, Inc., a provider of global fianancial, equities, and economic data.

  • Application Networks:

In June 2006, Reuters acquired Application Networks, Inc., a provider of trade and risk management software based on JRisk, and agrees to acquire Feri Fund Market Information Ltd (FERI FMI) and its fund database subsidiary, FI Datenservice GmbH (FID)[6]

  • Clearforest:

In June 2007, Reuters acquired Clearforest [13], a provider of Text Analytics solutions, whose tagging platform and analytical products allow clients to derive business information from textual content.


Main corporate locations

The Reuters Building in Canary Wharf
The Reuters Building in Canary Wharf

From 1939, the Reuters corporate headquarters was in London's famous Fleet Street, but in 2005 Reuters moved to a larger building in the more modern Canary Wharf. The Reuters Building at 30 South Colonnade is near the One Canada Square tower, Jubilee Park and Canary Wharf tube station. The open space below the Reuters building has since been renamed Reuters Plaza. Image File history File linksMetadata Download high resolution version (2632x2112, 2714 KB) The Reuters Building at 30 South Colonnade in Canary Wharf, London File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): Reuters Metadata This file contains additional information... Image File history File linksMetadata Download high resolution version (2632x2112, 2714 KB) The Reuters Building at 30 South Colonnade in Canary Wharf, London File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): Reuters Metadata This file contains additional information... Fleet Street in 2005 Fleet Street is a famous street in London, England, named after the River Fleet. ... This article needs additional references or sources for verification. ... One Canada Square, a skyscraper in London is the tallest habitable building in the United Kingdom, at 235 m (771 ft) and 50 storeys (reduced from original plans for 60). ... Canary Wharf tube station is a London Underground station on the Jubilee Line, between Canada Water and North Greenwich. ...

Reuters Building at Times Square, Manhattan

The company's North American headquarters is the Reuters Building at 3 Times Square, New York. It is on 7th Avenue between 42nd and 43rd Streets, and was constructed from 1998 to 2001.[7]
Image File history File linksMetadata Download high-resolution version (1536x2048, 687 KB) I, the creator of this work, hereby release it into the public domain. ... Image File history File linksMetadata Download high-resolution version (1536x2048, 687 KB) I, the creator of this work, hereby release it into the public domain. ... For other uses, see Times Square (disambiguation). ... For other uses, see Manhattan (disambiguation). ... New York, New York and NYC redirect here. ...


Allegations of bias

The news organization has been accused of showing an anti-Israel and anti-American bias, by sources such as the National Review and The Wall Street Journal's editorial division. This article or section is in need of attention from an expert on the subject. ... National Review (NR) is a biweekly magazine of political opinion, founded by author William F. Buckley, Jr. ... The Wall Street Journal (WSJ) is an international daily newspaper published by Dow Jones & Company in New York City, New York, USA, with Asian and European editions, and a worldwide daily circulation of more than 2 million as of 2006, with 931,000 paying online subscribers. ...


Wording

This became a point of controversy in September of 2001, regarding their coverage of the September 11, 2001 attacks. Reuters global news editor Stephen Jukes wrote, "We all know that one man's terrorist is another man's freedom fighter and that Reuters upholds the principle that we do not use the word terrorist." The Washington Post media critic Howard Kurtz responded, "After the 1995 Oklahoma City bombing, and again after the attacks on the World Trade Center and Pentagon, Reuters allowed the events to be described as acts of terror. But as of last week, even that terminology is banned." [14] Reuters later apologized for this characterization of their policy [8], although they maintained the policy itself. A sequential look at United Flight 175 crashing into the south tower of the World Trade Center The September 11, 2001 attacks (often referred to as 9/11—pronounced nine eleven or nine one one) consisted of a series of coordinated terrorist[1] suicide attacks upon the United States, predominantly... The Washington Post is the largest newspaper in Washington, D.C.. It is also one of the citys oldest papers, having been founded in 1877. ... The Oklahoma City bombing was an attack on April 19, 1995 aimed at the Alfred P. Murrah Federal Building, a U.S. government office complex in downtown Oklahoma City, Oklahoma. ...


The September 20, 2004 edition of the The New York Times reported that Reuters Global Managing Editor, David A. Schlesinger, objected to Canadian newspapers editing Reuters articles through inclusion of the word "terrorist," stating that "my goal is to protect our reporters and protect our editorial integrity." [9] The New York Times is a daily newspaper published in New York City and distributed internationally. ...


Due to this policy, Reuters was careful to only use the word "terrorist" in quotes, whether quotations or scare quotes. However, when reporting the 7 July 2005 London bombings, the service reported, "Police said they suspected terrorists were behind the bombings." The contrast between this and their aforementioned policy was criticized[10], although by that point Reuters policy was to use such words "when we are quoting someone directly or in indirect speech," and this headline is an example of the latter.[11] The news organization has subsequently used the term "terrorist" without quotations when the article clarifies that it is someone else's words. Scare quotes are quotation marks used for purposes other than to identify a direct quotation, mostly as a flag to provoke in the reader a negative association for the word enclosed in the quotes. ... Locations of the bombings, overlaid onto a real-path map of the London Underground The 7 July 2005 London bombings (also called the 7/7 bombings) were a series of coordinated terrorist bomb blasts that hit Londons public transport system during the morning rush hour. ...


Photographs controversies

Main article: 2006 Israel-Lebanon conflict photographs controversies
See also: Adnan Hajj photographs controversy

Reuters was accused of bias against Israel in its coverage of the 2006 Israel-Lebanon conflict, in which - among other actions - the company used two doctored photos by a Lebanese freelance photographer Adnan Hajj [12]. On August 7, 2006, Reuters announced [13] it severed all ties with Hajj and said his photographs would be removed from its database. Critics alleged that removing Hajj dealt with only a symptom of much deeper problems at the news organization: bias and widespread use of local freelance photographers, which can result in Reuters inadvertently acting as a "propaganda outlet". [14] The 2006 Israel-Lebanon conflict photographs controversies refers to allegations that some instances of photojournalism from the 2006 Israel-Lebanon conflict misrepresented scenes of death and destruction in Lebanon caused by Israeli air attacks. ... It has been suggested that this article or section be merged into 2006 Israel-Lebanon conflict photographs controversies. ... Combatants Hezbollah Amal LCP  Israel Commanders Hassan Nasrallah (Secretary General of Hezbollah) Imad Mughniyeh (Commander of Hezbollahs armed wing)[5] Dan Halutz (CoS) Moshe Kaplinsky[12] Udi Adam (Regional) Strength 600-1,000 active fighters 3,000-10,000 reservists[6] 30,000 ground troops (plus IAF & ISC)[13... A photographer at the Calgary Folk Music Festival Paparazzi at the Tribeca Film Festival A photographer is a person who takes a photograph using a camera. ... For other uses, see Propaganda (disambiguation). ...


See also

Publications Standard & Poors publishes a weekly (48 times a year) stock market analysis newsletter called The Outlook, which is issued both in print and online to subscribers. ... Moodys Corporation (NYSE: MCO) is the holding company for Moodys Investors Service which performs financial research and analysis on commercial and government entities. ... Fitch Ratings, Ltd. ... A.M. Best Company, Inc. ... Dominion Bond Rating Service is a credit rating agency based in Toronto, Ontario. ... Nationally Recognized Statistical Rating Organizations is a United States government designation that was created by Securities and Exchange Commission in 1975 to allow federal regulatory oversight of credit rating organizations. ... Bloomberg L.P. is the largest financial news and data company in the world, controlling 33% of market share. ... Morningstar, Inc. ...

References

  • Read, Donald (1992). The Power of News. The History of Reuters 1849-1989. Oxford, Oxford University Press. ISBN 0-19-821776-5

Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st Century. ... is the 135th day of the year (136th in leap years) in the Gregorian calendar. ...

Further reading

External links


  Results from FactBites:
 
Reuters - Wikipedia, the free encyclopedia (1641 words)
Reuters was floated as a public company in 1984 on the London Stock Exchange and on NASDAQ in the US.
On August 7th, 2006, Reuters pulled from circulation the 920 photographs taken by Lebanese freelance photographer Adnan Hajj, of Beirut, Lebanon, during the 2006 Israel-Lebanon conflict, of which at least two were shown to be significantly altered prior to publication.
Reuters' rule was to use both names and alter which came first -- "Falklands (Malvinas)" would be followed on the next reference by "Malvinas (Falklands.)" Critics claim that Reuters' avoidance of these words is selective [8], reflecting a larger bias against the United States [9], Israel [10], Jews [11], or Western values in general [12].
  More results at FactBites »

 
 

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