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This article is primarily about Reuters prior to its 2008 merger with Thomson. For the current company, see Thomson Reuters. Thomson Reuters is an information company created by The Thomson Corporation 's purchase of Reuters on 17 April 2008.
Reuters Group plc
Fate acquired by The Thomson Corporation
Successor Thomson Reuters
Founded October 1851
Defunct April 2008 (As a separate entity)
Location Flag of the United Kingdom London, England, UK
Industry News agency, financial

Reuters Group plc (pronounced /ˈrɔɪtərz/, LSE: RTR and NASDAQ: RTRSY) is a news service and former financial market data provider that provided reports from around the world to newspapers and broadcasters. This article is primarily about Thomson prior to its 2008 merger with Reuters Thomson Reuters is an information company created by The Thomson Corporation 's purchase of Reuters on 17 April 2008. London ( ˈlʌndən is the capital and largest urban area in the United Kingdom. England is a Country which is part of the United Kingdom. Its inhabitants account for more than 83% of the total UK population whilst its mainland The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located News agency (alternative A news agency is an organization of Journalists established to supply News reports to organizations in the News trade The field of finance refers to the concepts of Time, Money and Risk and how they are interrelated The London Stock Exchange or LSE is a Stock exchange located in London, England. The NASDAQ (acronym of National Association of Securities Dealers Automated Quotations) is an American Stock exchange. News agency (alternative A news agency is an organization of Journalists established to supply News reports to organizations in the News trade News reporting once accounted for less than 10% of the company's income. The news media refers to the section of the Mass media that focuses on presenting current News to the public [1] Its main focus was on supplying the financial markets with information and trading products. In Economics, a financial market is a mechanism that allows people to easily buy and sell ( Trade) financial Securities (such as stocks and bonds These included market data, such as share prices and currency rates, research and analytics, as well as trading systems that allowed 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. Sao Paulo Stock Exchangejpg|thumb| Virtual market arena where buyer and seller are not present and trade via intemediates and electronical information The simplest definition of Analytics is "the science of analysis" The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. Among other services, the most notable was analysis of 40,000 companies, debt instruments, and 3 million economic series. Software for Fixed assets management and Stock control developed in 2004. In Finance, a bond is a Debt security, in which the authorized issuer owes the holders a debt and is obliged to repay the principal and Interest Competitors included Bloomberg L.P. and Dow Jones Newswires. Bloomberg LP is a financial software services news and data company Dow Jones Newswires is the real-time financial news organization owned by Dow Jones (a part of News Corporation.

Contents

History

A front view of the Reuters Times Square, New York building.(New York City, New York)
A front view of the Reuters Times Square, New York building.
(New York City, New York)
Reuters Data Centre, London.
Reuters Data Centre, London. The City of New York New York ( is a state in the Mid-Atlantic and Northeastern regions of the United States and is the nation's third most populous

Paul Julius Reuter noticed that, with the electric telegraph, news no longer required days or weeks to travel long distances. Paul Julius Baron von Reuter ( July 21, 1816 - February 25, 1899) was a German -born British journalist and media owner The electrical telegraph is a telegraph that uses electric signals The electromagnetic telegraph is a device for human-to-human transmission 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. ( Ripuarian: Oche, Dutch: Aken, Spanish: Aquisgrán, Italian: Aquisgrana, French, The Netherlands ( Dutch:, ˈnedərlɑnt is the European part of the Kingdom of the Netherlands, which consists of the Netherlands the Netherlands The Kingdom of Belgium is a Country in northwest Europe. It is a founding member of the European Union and hosts its headquarters as well as those But there was a 76-mile (122 km) 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. The homing pigeon is a variety of domesticated Rock Pigeon ( Columba livia domestica) that has been selectively

In 1851, Reuter moved to London. London ( ˈlʌndən is the capital and largest urban area in the United Kingdom. After failures in 1847 and 1850, attempts to lay a submarine telegraph cable from Dover to Calais appeared promising. Dover is a town and major ferry port in the county of Kent, England. Calais (kaˈlɛ in English often kæˈleɪ traditional English pronunciation /ˈkælɨs/ Kales is a town in northern France. 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. The London Stock Exchange or LSE is a Stock exchange located in London, England.

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. Scoop is an informal term used in Journalism. The word connotes originality importance surprise or excitement secrecy and exclusivity Abraham Lincoln (February 12 1809 &ndash April 15 1865 the sixteenth President of the United States, successfully led his country through its greatest internal 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. Edward G. Robinson starred in a Hollywood film about the company called A Dispatch from Reuters in 1940. Edward Goldenberg Robinson Sr (born Emanuel Goldenberg; Yiddish: עמנואל גאלדנבערג December 12 1893 &ndash January

Reuters was floated as a public company in 1984 on the London Stock Exchange and on NASDAQ in the US. The London Stock Exchange or LSE is a Stock exchange located in London, England. The NASDAQ (acronym of National Association of Securities Dealers Automated Quotations) is an American Stock exchange. 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. is gay Bold text' Keith Rupert Murdoch', AC, KCSG (born Melbourne, March 11 1931 usually known as Rupert Murdoch, is an Australian-American News Corporation (often abbreviated to News Corp) (,,) is one of the world's largest media conglomerate companies by Market capitalisation 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.

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. [2]

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. LBC Radio (originally the London Broadcasting Company) operates two London-based radio stations with news and talk formats A Reuters Radio News service was also set up to compete with Independent Radio News. IRN redirects here IRN is also a Country code for Iran. Independent Radio News provides a service of news bulletins audio

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

On 15 May 2007, The Thomson Corporation reached an agreement with Reuters to combine the two companies, a deal valued at US $17. This article is primarily about Thomson prior to its 2008 merger with Reuters The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been 2 billion. Thomsons now controls about 53% of the new company, named Thomson Reuters. Thomson Reuters is an information company created by The Thomson Corporation 's purchase of Reuters on 17 April 2008. The new head of Thomson Reuters is Tom Glocer, the former head of Reuters. Tom Glocer (born 8 October 1959) is the CEO of Thomson Reuters and former CEO of Reuters. The earlier rule of 15% ownership (see above) was waived; the reason as given by Pehr Gyllenhammar, chairman of the Reuters Founders Share Company, was "The future of Reuters takes precedence over the principles. Pehr Gustaf Gyllenhammar (born April 28, 1935, in Gothenburg) is a Swedish businessman If Reuters were not strong enough to continue on its own, the principles would have no meaning. "[3] citing the recent bad financial performance of the company. On 26 March 2008, shareholders of both organisations agreed the merger. The acquisition was closed on 17 April 2008.

In October 2007, Reuters Market Light, a division of Reuters launched a mobile phone service for Indian farmers to provide local and customized commodity pricing information, news and weather updates. A commodity is anything for which there is demand but which is supplied without qualitative differentiation across a market Pricing is one of the Four p's of the Marketing mix. The other three aspects are product promotion and place. News is any new information or information on Current events which is presented by print, broadcast, Internet, or Word of mouth The weather is a set of all the phenomena occurring in a given Atmosphere at a given Time.

Journalists

Reuters has a team of several thousand journalists who over the years have covered major news events, 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. Kurt Schork (1947 – May 24, 2000) was an American Reporter and War correspondent. The United States of America —commonly referred to as the A reporter is a type of Journalist who Researches and presents information in certain types of Mass media. An ambush is a long-established military tactic, in which the aggressors (the ambushing force use Concealment to attack a passing enemy Sierra Leone, officially the Republic of Sierra Leone, is a country in West Africa. In April and August 2003, news cameramen Taras Protsyuk and Mazen Dana were lost at the hands of the US forces in Iraq. Taras Protsyuk (1968 – April 8, 2003) was a Ukrainian-born TV Cameraman working for Reuters, who was killed during the US invasion Mazen Dana ( 1962 - August 17, 2003) was a Palestinian Journalist who worked as a Reuters Cameraman and was shot For a topic outline on this subject see List of basic Iraq topics. During 2004, the company lost cameramen Adlan Khasanov in Chechnya and Dhia Najim in Iraq. Adlan Khasanov (1970 – 9 May 2004) — was a Chechen, Russian Journalist and Photographer, killed in action in Grozny The Chechen Republic (ˈʧɛʧɨn rɪˈpʌblɨk Чече́нская Респу́блика Chechenskaya Respublika; Нохчийн Республика Noxçiyn Respublika In April 2008 Fadel Shana, a cameraman, was killed in the Gaza Strip after he was hit by an Israeli tank using controversial weapons known as flechettes. Fadel Shana'a (1984/1985&ndash 16 April[[ 008]] was a Palestinian journalist working as a Cameraman for Reuters. The Gaza Strip (قطاع غزة, רצועת עזה Retzu'at 'Azza) is a coastal strip of land along the Mediterranean Sea, bordering Egypt on the south-west For a topic outline on this subject see List of basic Israel topics. A tank is a tracked, Armoured fighting vehicle designed for Front-line combat which combines Operational mobility and tactical The French word fléchette means "little arrow" or Dart projectile of steel that is sharp and pointed with a vaned tail for stable flight [1]

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. The Great Proletarian Cultural Revolution in the People’s Republic of China was a struggle for power within the Communist Party of China that manifested into Hong Kong ( officially the Hong Kong Special Administrative Region, is a territory located on China 's south coast on the Pearl River Delta, and borders 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 Most Excellent Order of the British Empire is a British Order of chivalry established on 4 June 1917 by King George V.

In recent years Reuters news service was subject to severe budget cuts.

Fatalities

Name Nationality Event Location Event Date
Kurt Schork American Sierra Leone
Taras Protsyuk Ukrainian Iraq
Mazen Dana Iraq
Adlan Khasanov Chechnya
Dhia Najim Iraq
Fadel Shana Palestinian Gaza Strip 2008-04-16

Investments

Notable investments include:

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 in a building designed for it by Sir Edwin Lutyens, but in 2005 Reuters moved to a larger building in the more modern Canary Wharf. Fleet Street is a street in London, England named after the River Fleet. Sir Edwin Landseer Lutyens, OM, KCIE, PRA, FRIBA, LLD ( 29 March 1869 – 1 January 1944 Canary Wharf is a large business and shopping development in London, located in the London Borough of Tower Hamlets, centred on the old West India Docks The Reuters Building at 30 South Colonnade is near the One Canada Square tower, Jubilee Park and Canary Wharf tube station. One Canada Square (also known as the Canary Wharf Tower) is a Skyscraper in Canary Wharf, London. Canary Wharf tube station is a London Underground station on the Jubilee Line, between Canada Water and North Greenwich. The open space below the Reuters building has since been renamed Reuters Plaza.

Reuters Building at Times Square, Manhattan
Reuters Building at Times Square, Manhattan

The company's North American headquarters is the Reuters Building at 3 Times Square, New York. Times Square is a major intersection in Manhattan, New York City at the junction of Broadway and Seventh Avenue and stretching from West Manhattan Island, in New York Harbor, is much the largest part of the Borough of Manhattan, one of the Five Boroughs which form the City of New York The City of New York It is on 7th Avenue between 42nd and 43rd Streets, and was constructed from 1998 to 2001. [7]

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. Media bias in the United States National Review ( NR) is a biweekly Magazine and Web site, founded by the late author William F

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. The Washington Post is the largest and most circulated Newspaper in Washington D The Oklahoma City bombing was a domestic terrorist attack on April 19 1995 aimed at the U But as of last week, even that terminology is banned. " [2] Reuters later apologized for this characterization of their policy [8], although they maintained the policy itself.

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]

Due to this policy, Reuters was careful to only use the word "terrorist" in quotes, whether quotations or scare quotes. Scare quotes is a general term for Quotation marks used for purposes other than to identify a direct quotation However, when reporting the 7 July 2005 London bombings, the service reported, "Police said they suspected terrorists were behind the bombings. The 7 July 2005 London bombings (also called the 7/7 bombings) were a series of coordinated bomb blasts that hit London's public transport system during " 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.

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 the company used two doctored photos by a Lebanese freelance photographer Adnan Hajj [12]. The 2006 Lebanon War photographs controversies refers to instances of Photojournalism from the 2006 Lebanon War that misrepresented or allegedly misrepresented scenes The Adnan Hajj photographs controversy (also called Reutersgate) involves digitally manipulated photographs taken by Adnan Hajj a Lebanese freelance Photographer Background See also Israel-Lebanon conflict The Palestine Liberation Organization (PLO had engaged in cross-border attacks from Southern Lebanon Lebanon (ˈlɛbənɒn Arabic: ar لبنان Lubnān) officially the Republic of Lebanon or Lebanese Republic (ar الجمهورية اللبنانية A photographer is a person who takes a Photograph using a Camera. On August 7, 2006, Reuters announced [13] it severed all ties with Hajj and said his photographs would be removed from its database.

See also

References

  1. ^ Reuters - About Reuters - Investor Relations
  2. ^ Our company Independence & Trust Principles. A M Best Company Inc, headquartered in Oldwick New Jersey, is Rating agency designated as an Nationally Recognized Statistical Rating Organization Bloomberg LP is a financial software services news and data company Covestor is an online real-trade sharing service to enable self-directed investors to compete with professional fund managers 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. The interbank market is the top-level Foreign exchange market where over 1000 banks can exchange different currencies Moody's Corporation ( is the holding company for Moody's Investors Service which performs financial research and analysis on commercial and government entities Morningstar Inc ( is an investment research company based in Chicago, Illinois, USA. A Nationally Recognized Statistical Rating Organization (or "NRSRO" is a Credit rating agency which issues credit ratings that the U Standard & Poor's ( S&P) is a division of McGraw-Hill that publishes financial research and analysison Stocks and bonds. reuters. com. Retrieved on 2008-03-03. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1284 - Statute of Rhuddlan incorporated the Principality of Wales into England 1575 - Indian
  3. ^ Aussie guardian for agency's ethics | The Australian
  4. ^ "Reuters to Acquire European Fund Research Specialist", news. taume. com, 2007-06-29. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 512 - A Solar eclipse is recorded by a monastic chronicler in Ireland.  
  5. ^ Factiva, a Dow Jones & Reuters Company. factiva. com.
  6. ^ "Dow Jones Completes Acquisition of Full-Ownership of Factiva", dowjones. com, 2006-12-15. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 533 - Byzantine general Belisarius defeats the Vandals, commanded by King Gelimer, at the Battle of  
  7. ^ The Reuters Building
  8. ^ Reuters Terrorist Explanation
  9. ^ Reuters Asks a Chain to Remove Its Bylines - New York Times
  10. ^ The Wall Street Journal Online - Best of the Web Today
  11. ^ Reuters - About Reuters - About us
  12. ^ Reuters admits altering Beirut photo, Ynetnews, Retrieved on June 3, 2008
  13. ^ Reuters Says Freelancer Manipulated Lebanon Photos

Further reading

External links

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