October 28, 1999 |
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.
July 25, 2001 |
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.
September 2, 2005 |
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."
October 9, 2007 |
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.
May 12, 2007 |
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.
February 8, 2000 |
Reuters Group, the world's biggest financial information provider, may unveil plans to sell shares in electronic stock-trading network Instinet Corp. when the company reports earnings today. "I wouldn't be surprised by Reuters' plans to spin off Instinet," said Bear Stearns & Co. analyst Amy Butte. Butte said her information came from research on electronic communications networks, which included conversations with the company. Reuters and Instinet spokesmen declined to comment.