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BUSINESS
June 28, 1993 | From Times Staff and Wire Reports
Reuters Growing in Asia: Reuters Ltd., a unit of Reuters Holdings, has been licensed to sell real-time financial information and transaction services in Vietnam. Reuters said it will deliver screen-based information services via its satellite network and offer other services using land-based networks. Graham Spencer, Reuters manager for Thailand, Burma and Indochina, said the company will open a Hanoi office in a few weeks and another in Ho Chi Minh City later this year.
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BUSINESS
October 9, 2007 | From Times Wire Services
Thomson Corp.'s $18.4-billion offer for Reuters will face an in-depth inquiry by EU antitrust regulators who worry the deal could harm competition in the financial information industry, the European Commission said.
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BUSINESS
March 9, 1995 | Times Staff and Wire Reports
Reuters to Supply NBC With News, Financial Data: The international news service agreed to supply the television network with material it can use in its programming worldwide, the companies announced. Terms of the pact were not disclosed. Under the 10-year contract, NBC will be able to use Reuters information from around the world on all of its existing and future program services.
BUSINESS
May 12, 2007 | From Reuters
Thomson Corp. is selling its education assets for a higher-than-expected $7.75 billion in cash, giving the electronic publisher a big cash infusion to pursue its bid for Reuters Group. Apax Partners, a London-based private equity group, and Canada's Omers Capital Partners will buy the business, the companies said Friday. The price was well above the $5 billion to $6 billion expected by analysts.
NEWS
October 28, 1999 | From Times Wire Reports
Leftist rebels seized a Reuters news agency photographer while he was on assignment in a mountain town and said they would put him on trial for publishing a photo of a rebel leader's face. Henry Romero, 42, a Colombian freelancer who works regularly with the London-based agency, was detained by guerrillas of the National Liberation Army, or ELN, on Tuesday evening in Jamundi, a town near Cali. Reuters' editor in chief, Mark Wood, urged Romero's immediate release.
BUSINESS
July 25, 2001 | Associated Press
Reuters Group, the news and financial information provider, said it plans to cut 1,100 jobs, or about 6% of its work force, by the end of next year in an effort to boost profit. The announcement came as Reuters reported a 20% decline in profit for the first half of the year to $322 million, even though revenue rose 14% to $2.75 billion. The staff reduction will include 240 job cuts at the company's Instinet group, which had 2,021 employees at the end of last year.
WORLD
September 2, 2005 | From Times Wire Reports
The U.S. military confirmed that its soldiers killed a Reuters journalist in Iraq but said their action was appropriate. Television soundman Waleed Khaled was killed by multiple shots Sunday. Maj. Gen. Rick Lynch said, "That car approached at a high rate of speed and then conducted activity that in itself was suspicious." Soldiers "decided that it was appropriate to engage that particular car."
BUSINESS
October 9, 2007 | From Times Wire Services
Thomson Corp.'s $18.4-billion offer for Reuters will face an in-depth inquiry by EU antitrust regulators who worry the deal could harm competition in the financial information industry, the European Commission said.
BUSINESS
May 12, 2007 | From Reuters
Thomson Corp. is selling its education assets for a higher-than-expected $7.75 billion in cash, giving the electronic publisher a big cash infusion to pursue its bid for Reuters Group. Apax Partners, a London-based private equity group, and Canada's Omers Capital Partners will buy the business, the companies said Friday. The price was well above the $5 billion to $6 billion expected by analysts.
BUSINESS
April 29, 2004 | Michael Hiltzik
As a Hollywood studio, Metro-Goldwyn-Mayer Inc. can proudly claim to be in the fantasy business. But none of the fantasies MGM has put on-screen recently seems capable of generating quite as much instant value as the yarn it has spun over the last two weeks regarding a putative buyout offer from Sony Corp. As wholesaled on April 21 by Reuters News Service, the story is that Sony has "initiated" talks with MGM aimed at a $5-billion takeover, and that the talks have reached an "advanced" stage.
WORLD
September 2, 2005 | From Times Wire Reports
The U.S. military confirmed that its soldiers killed a Reuters journalist in Iraq but said their action was appropriate. Television soundman Waleed Khaled was killed by multiple shots Sunday. Maj. Gen. Rick Lynch said, "That car approached at a high rate of speed and then conducted activity that in itself was suspicious." Soldiers "decided that it was appropriate to engage that particular car."
BUSINESS
April 29, 2004 | Michael Hiltzik
As a Hollywood studio, Metro-Goldwyn-Mayer Inc. can proudly claim to be in the fantasy business. But none of the fantasies MGM has put on-screen recently seems capable of generating quite as much instant value as the yarn it has spun over the last two weeks regarding a putative buyout offer from Sony Corp. As wholesaled on April 21 by Reuters News Service, the story is that Sony has "initiated" talks with MGM aimed at a $5-billion takeover, and that the talks have reached an "advanced" stage.
BUSINESS
July 25, 2001 | Associated Press
Reuters Group, the news and financial information provider, said it plans to cut 1,100 jobs, or about 6% of its work force, by the end of next year in an effort to boost profit. The announcement came as Reuters reported a 20% decline in profit for the first half of the year to $322 million, even though revenue rose 14% to $2.75 billion. The staff reduction will include 240 job cuts at the company's Instinet group, which had 2,021 employees at the end of last year.
BUSINESS
December 7, 2000 | MARJORIE MILLER, TIMES STAFF WRITER
Reuters, the venerable media and information company, announced Wednesday that it has promoted the 41-year-old head of its U.S. division, attorney Tom Glocer, to serve as the company's next chief executive. Glocer, the first American to lead the 150-year-old company, will succeed Peter Job, who is to retire in July. Currently chief executive of Reuters Information and Reuters America, Glocer is seen as having a good grasp of new-media technology.
BUSINESS
February 9, 2000 | Associated Press
Reuters Group plans to spend $800 million over four years to reinvent itself as an Internet company that will deliver news and financial data to mom-and-pop investors and Wall Street pros alike. The 150-year-old London-based news service hopes to capitalize on the boom in interest about financial data and markets, for the first time targeting amateur investors. In doing so, it hopes to sharply expand its fee-based subscriber service.
NEWS
October 28, 1999 | From Times Wire Reports
Leftist rebels seized a Reuters news agency photographer while he was on assignment in a mountain town and said they would put him on trial for publishing a photo of a rebel leader's face. Henry Romero, 42, a Colombian freelancer who works regularly with the London-based agency, was detained by guerrillas of the National Liberation Army, or ELN, on Tuesday evening in Jamundi, a town near Cali. Reuters' editor in chief, Mark Wood, urged Romero's immediate release.
BUSINESS
December 7, 2000 | MARJORIE MILLER, TIMES STAFF WRITER
Reuters, the venerable media and information company, announced Wednesday that it has promoted the 41-year-old head of its U.S. division, attorney Tom Glocer, to serve as the company's next chief executive. Glocer, the first American to lead the 150-year-old company, will succeed Peter Job, who is to retire in July. Currently chief executive of Reuters Information and Reuters America, Glocer is seen as having a good grasp of new-media technology.
BUSINESS
January 26, 1994 | From Times Staff and Wire Reports
Reuters, Telemundo Launching Latin American News Channel: Reuters, Telemundo and three other media companies plan to launch a new, 24-hour Spanish-language news channel in Latin America this spring. The partners become the latest companies to enter the fast-growing Latin American market. The new service, named TeleNoticias, will be based at Telemundo's Hialeah, Fla., headquarters.
BUSINESS
October 6, 1999 | (Bloomberg News)
Reuters Group, the world's largest financial information provider, introduced a new set of products to deliver live stock exchange quotations and news via the Internet as it seeks to reach more customers and cut costs. The Reuters Inform products will initially offer market prices, news and other information to traders, utilities, farmers and others interested in agriculture and the commodities and energy markets.
BUSINESS
September 24, 1999 | Bloomberg News
Reuters Group's U.S.-traded shares slumped 11% on Thursday after analysts who met with executives cut earnings forecasts on concern that profit growth at Reuters' Instinet stock trading division would be slower than expected. Reuters' American depositary receipts fell $8.75 to close at $71 on Nasdaq. The largest financial information provider held a meeting with analysts in New York on Wednesday.
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