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Bloomberg L. P.
Type Limited Partnership
Founded 1981
Headquarters New York City, United States
Key people Michael Bloomberg, Founder
Peter Grauer, Chairman
Dan Doctoroff, President
Thomas Secunda, CTO
Lex Fenwick, CEO
Industry Financial Services
Revenue ▲US$4. A limited partnership is a form of Partnership similar to a General partnership, except that in addition to one or more general partners (GPs there are The City of New York The United States of America —commonly referred to as the Michael Rubens Bloomberg (born February 14, 1942) is an American businessman and the Mayor of New York City. Daniel L Doctoroff (born July 11, 1958) was Deputy Mayor for Economic Development and Rebuilding for the City of New York under Thomas (Tom Secunda (born 1955) is an American Businessman and Technologist, best known as a co-founder and Chief Technology Officer of For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" Financial services refer to services provided by the finance industry. In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been 7 billion (2006)
Employees 10,000 (February 2008, Bloomberg. Employment is a Contract between two parties, one being the employer and the other being the employee. com)
Website http://www.bloomberg.com

Bloomberg L. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages P. was the largest financial software services, news and data company with 33% of international market share until the merger of its competitors Thomson Financial and Reuters into Thomson Reuters on 17 April 2008. This article is primarily about Thomson prior to its 2008 merger with Reuters This article is primarily about Reuters prior to its 2008 merger with Thomson Thomson Reuters is an information company created by The Thomson Corporation 's purchase of Reuters on 17 April 2008. Bloomberg L. P. was founded by Michael Bloomberg (current Mayor of New York City) with the help of Thomas Secunda and other partners (ex coworkers from Salomon Brothers) in 1981 and provides financial software tools such as analytics and equity trading platform, data services and news to financial companies and organizations around the world through the Bloomberg Terminal, its core money-generating product. Michael Rubens Bloomberg (born February 14, 1942) is an American businessman and the Mayor of New York City. The Mayor of New York City is the head of the executive branch of the Government of New York City. Thomas (Tom Secunda (born 1955) is an American Businessman and Technologist, best known as a co-founder and Chief Technology Officer of This article deals with Salomon Brothers For other uses of the name Salomon see Salomon. The Bloomberg Terminal is a Computer system that enables Financial professionals to access the Bloomberg Professional service through which users can monitor Bloomberg L. P. has grown to include a global news service, including television, radio, the Internet and publications.

Its current headquarters are located at the Bloomberg Tower, 731 Lexington Avenue in Midtown Manhattan, New York City. One Beacon Court (also called the Bloomberg Tower) is a Skyscraper on the East Side of Midtown Manhattan, New York City. See also Manhattan Midtown Manhattan, or simply Midtown, is an area of Manhattan, New York City home to world-famous commercial The City of New York

It was incorporated as a Delaware Limited Partnership (LP) in 1981 and has been in business since 1983. Incorporation (abbreviated Inc in US and Canadian business names is the forming of a new Corporation (a corporation being a legal entity Delaware ( is a state located on the Atlantic Coast in the Mid-Atlantic region of the United States. A limited partnership is a form of Partnership similar to a General partnership, except that in addition to one or more general partners (GPs there are Michael Bloomberg owns 72% of the group and receives an 84. Michael Rubens Bloomberg (born February 14, 1942) is an American businessman and the Mayor of New York City. 55% share of the profits. Bloomberg's core business is leasing terminals to subscribers. It also runs Bloomberg Television, a financial TV station, and a business radio station WBBR in New York City. Bloomberg Television is a network that airs Business and Financial news 24 hours a day and is distributed globally on ten separate channels A television station is a type of broadcast station that broadcasts both audio and Video to Television receivers in a particular area WBBR is a Radio station, broadcasting at 1130 AM in New York City. The City of New York Forbes Magazine estimated, in 2000, Bloomberg's cash flow margins on its $2. 3 billion in revenues exceed 35%. Bloomberg reports more than 100,000 users in North America, and another 130,000 in the rest of the world. Its competitors include Thomson Reuters, Dow Jones Newswires, and FACTSET. Thomson Reuters is an information company created by The Thomson Corporation 's purchase of Reuters on 17 April 2008. Dow Jones Newswires is the real-time financial news organization owned by Dow Jones (a part of News Corporation. FactSet Research Systems ( is a financial data and software company headquartered in Norwalk CT.

Contents

History, Services & Products

In 1981, Mike Bloomberg left Salomon Brothers, where he was a general partner, and set up a company named Innovative Market Systems with his severance pay. Michael Rubens Bloomberg (born February 14, 1942) is an American businessman and the Mayor of New York City. This article deals with Salomon Brothers For other uses of the name Salomon see Salomon. In 1982, Merrill Lynch became the new company's first customer, installing 20 Market Master terminals and investing $30 million in the company. Merrill Lynch & Co Inc () is a global financial services firm [1][2] [3] In 1986, the company was renamed Bloomberg L. P. and by 1987, 5000 terminals had been installed. Within a few years, ancillary products including Bloomberg Tradebook (a trading platform), the Bloomberg Messaging Service, and the Bloomberg newswire were launched.

Bloomberg prospered during the boom of the 1980s and 1990s. The 1980s was the decade spanning from January 1 1980 to December 31 1989. The 1990s collectively refers to the years between and including 1990 and 1999 It expanded internationally, opening offices in Europe, Asia, Latin America and Australia. For a topic outline on this subject see List of basic Australia topics. In addition to its financial services offerings, Bloomberg launched its news services division in 1990. Bloomberg News (originally known as Bloomberg Business News) has some 2,000 staff in 125 bureaus around the world and is available on the web at www. Bloomberg Television is a network that airs Business and Financial news 24 hours a day and is distributed globally on ten separate channels bloomberg. com. It now provides information to approximately 350 newspapers and magazines worldwide, including The Economist, The New York Times and USA Today. The Economist is an English-language weekly news and International affairs publication owned by The Economist Newspaper Ltd and edited in London USA TODAY is a national American daily Newspaper published by the Gannett Company.

Organizational structure

All Bloomberg employees sit in front of one of the proprietary Bloomberg terminals, which they use to access market information, send emails and process data or words. The offices have mostly glass walls and have people generally seated at rows of desks.

Corporate governance

As of March 2001, members of the board of directors of Bloomberg include: Peter Grauer, Arthur Levitt, Jane Bryant Quinn, Frank Savage, and Thomas Secunda. Arthur Levitt Jr (born 1931 was the twenty-fifth and longest serving Chairman of the United States Securities and Exchange Commission (SEC from 1993 to 2001 Jane Bryant Quinn (born February 5, 1939) is an American journalist Thomas (Tom Secunda (born 1955) is an American Businessman and Technologist, best known as a co-founder and Chief Technology Officer of [4]

Criticism

The Bloomberg Professional service is comparatively expensive (around $1800 per terminal per month[5] including exchange fees for live data) in the context of its nearest competitor, Reuters 3000 Xtra. This article is primarily about Reuters prior to its 2008 merger with Thomson Bloomberg was criticised for significant price rises from 2000 to 2003, which were very difficult times for its core customer base, many of whom were engaged in cost-cutting exercises. Bloomberg has also pushed the introduction of Bloomberg Anywhere, a biometrically authenticated login system for Bloomberg Professional. This has forced firms to provide full Bloomberg subscriptions for users who would otherwise have been able to share terminals. The Bloomberg Messaging system has become the standard means of written communication in certain markets and the loss of the messaging service and the associated client contact is a significant switching barrier for anybody wishing to use a competing product, thus forcing many market participants to pay for a full Bloomberg subscription just to use the messaging service.

See also

Notes

  1. ^ The company, Bloomberg LP, is a prodigious success - April 16, 2007
  2. ^ The New York Times Job Market
  3. ^ BW Online | April 23, 2001 | Table: What Makes Mike Run
  4. ^ Hirschkorn, Phil (March 6, 2001). A M Best Company Inc, headquartered in Oldwick New Jersey, is Rating agency designated as an Nationally Recognized Statistical Rating Organization DBRS is a credit rating agency headquartered in Toronto, Ontario. Fitch Ratings Ltd is an international Credit rating agency dual-headquartered in New York City and London. Morningstar Inc ( is an investment research company based in Chicago, Illinois, USA. Moody's Corporation ( is the holding company for Moody's Investors Service which performs financial research and analysis on commercial and government entities A Nationally Recognized Statistical Rating Organization (or "NRSRO" is a Credit rating agency which issues credit ratings that the U Thomson Reuters is an information company created by The Thomson Corporation 's purchase of Reuters on 17 April 2008. Standard & Poor's ( S&P) is a division of McGraw-Hill that publishes financial research and analysison Stocks and bonds. Events 1079 - Omar Khayyám completes the Iranian calendar. 1454 - Thirteen Years' War: Delegates of Year 2001 ( MMI) was a Common year starting on Monday according to the Gregorian calendar. Michael Bloomberg eyes run at New York mayor. Time Warner, Cable News Network (archives. cnn. com). Retrieved on 2007-11-11. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 308 - The Congress of Carnuntum: Attempting to keep peace within the Roman Empire, the leaders of the Tetrarchy declare
  5. ^ Mayor Michael R

External links

Television

Bloomberg Television

Radio

On-Demand Podcasts

Events 1294 - Saint Celestine V abdicates the papacy after only five months Celestine hoped to return to his previous life See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar. Bloomberg Television is a network that airs Business and Financial news 24 hours a day and is distributed globally on ten separate channels
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