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BUSINESS
July 24, 1998 | Associated Press
Reuters Holdings said it's buying the mutual fund information business of privately held Lipper Analytical Services Inc., a major provider of data on the $7-trillion worldwide fund industry. Reuters, the British news and financial information service, plans to keep the Lipper Analytical name, which would be attached to all of its expanded fund information offerings. Founder A. Michael Lipper would remain chairman of the firm, which would also retain its headquarters in Summit, N.J.
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BUSINESS
January 14, 1994 | From Times Staff and Wire Reports
Citicorp announced Thursday that it has agreed to sell most of its disastrous Quotron market data business to Reuters America Holdings and take a $179-million writeoff as a result, a move that would effectively rid the banking giant of an ill-fated acquisition that it once hoped would put it on the cutting edge of the Information Age. New York-based Citicorp also said it will set aside $425 million to pay for a restructuring aimed at improving productivity.
BUSINESS
December 19, 1990
Reuters Holdings PLC announced that Rupert Murdoch, the media magnate who is chief executive of News Corp., has resigned his seat on the board of the British news and information agency. In a letter to the London Stock Exchange, Reuters said Murdoch, an Australian native who became a U.S. citizen several years ago, cited "the pressure of other business commitments" as the reason behind his decision to resign.
BUSINESS
June 21, 1988 | From Reuters
Reuters Holdings PLC and the Chicago Mercantile Exchange said Monday that they had signed a previously announced agreement for the joint operation of a new 24-hour electronic futures and options trading network. The companies said the 12 1/2-year agreement called for the network to begin operation in the summer of 1989 and that they planned to open it to other vendors and exchanges.
BUSINESS
October 7, 1987 | Associated Press
The Chicago Mercantile Exchange overwhelmingly approved a plan Tuesday to create an electronic trading system allowing investors worldwide to buy and sell financial futures and options around the clock. Exchange spokeswoman Julie Jacobs said 3,939 exchange members, or 88%, voted in favor of the new system and 526 voted against it. "Everyone is very pleased, obviously," she said. Exchange officials and industry analysts had predicted members would ratify the proposal by a wide margin.
BUSINESS
February 2, 1989 | From Reuters
The Chicago Mercantile Exchange moved a step closer Wednesday to gaining federal approval of its proposed computerized trading system called Globex. The staff of the Commodity Futures Trading Commission officially recommended that the agency approve Globex, which is the first effort by a major U.S. exchange to allow its futures or option contracts to be traded away from the traditional trading pit. Trading pits and the open-outcry system, used at each of the 10 main U.S.
BUSINESS
June 19, 1990 | From Associated Press
The American Stock Exchange, Chicago Board Options Exchange and Cincinnati Stock Exchange announced plans Monday to start a computerized, nighttime trading market for stocks and stock options. As does an after-hours trading plan announced last week by the New York Stock Exchange, the proposal aims to regain some of the business in U.S.-listed issues captured by foreign competitors--especially the London and Tokyo exchanges--that operate while U.S. stock markets are closed.
BUSINESS
June 2, 1993 | From Reuters
Telemundo Group Inc. said Tuesday that it was negotiating with Reuters Holdings and the British Broadcasting Corp. to create a 24-hour Spanish-language news service for Latin America, Spain and the United States. Telemundo, which operates in the United States and reaches 85% of all Latino households, said the venture would rank as the largest Spanish-language television news organization in the world. The service would be beamed from Miami via satellite to cable and broadcast stations.
BUSINESS
December 19, 1990
Reuters Holdings PLC announced that Rupert Murdoch, the media magnate who is chief executive of News Corp., has resigned his seat on the board of the British news and information agency. In a letter to the London Stock Exchange, Reuters said Murdoch, an Australian native who became a U.S. citizen several years ago, cited "the pressure of other business commitments" as the reason behind his decision to resign.
BUSINESS
June 19, 1990 | From Associated Press
The American Stock Exchange, Chicago Board Options Exchange and Cincinnati Stock Exchange announced plans Monday to start a computerized, nighttime trading market for stocks and stock options. As does an after-hours trading plan announced last week by the New York Stock Exchange, the proposal aims to regain some of the business in U.S.-listed issues captured by foreign competitors--especially the London and Tokyo exchanges--that operate while U.S. stock markets are closed.
BUSINESS
March 24, 1989 | From Associated Press
The Chicago Board Options Exchange, the Cincinnati Stock Exchange and Reuters Holdings PLC said Thursday that they plan to build the world's first electronic network for 24-hour trading of stocks and stock options. The developers plan to invite other domestic and foreign securities exchanges to join the computerized order-matching network, said CBOE President Charles Henry.
BUSINESS
February 2, 1989 | From Reuters
The Chicago Mercantile Exchange moved a step closer Wednesday to gaining federal approval of its proposed computerized trading system called Globex. The staff of the Commodity Futures Trading Commission officially recommended that the agency approve Globex, which is the first effort by a major U.S. exchange to allow its futures or option contracts to be traded away from the traditional trading pit. Trading pits and the open-outcry system, used at each of the 10 main U.S.
BUSINESS
March 24, 1989 | From Associated Press
The Chicago Board Options Exchange, the Cincinnati Stock Exchange and Reuters Holdings PLC said Thursday that they plan to build the world's first electronic network for 24-hour trading of stocks and stock options. The developers plan to invite other domestic and foreign securities exchanges to join the computerized order-matching network, said CBOE President Charles Henry.
BUSINESS
July 24, 1998 | Associated Press
Reuters Holdings said it's buying the mutual fund information business of privately held Lipper Analytical Services Inc., a major provider of data on the $7-trillion worldwide fund industry. Reuters, the British news and financial information service, plans to keep the Lipper Analytical name, which would be attached to all of its expanded fund information offerings. Founder A. Michael Lipper would remain chairman of the firm, which would also retain its headquarters in Summit, N.J.
BUSINESS
June 21, 1988 | From Reuters
Reuters Holdings PLC and the Chicago Mercantile Exchange said Monday that they had signed a previously announced agreement for the joint operation of a new 24-hour electronic futures and options trading network. The companies said the 12 1/2-year agreement called for the network to begin operation in the summer of 1989 and that they planned to open it to other vendors and exchanges.
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