Why Merrill Lynch should keep its stake in Bloomberg
David Callaway, the editor in chief of Marketwatch, writes that Merrill Lynch should keep its 20 percent stake in Bloomberg L.P. , the parent of Bloomberg News, and sell another asset such as its stake in money manager BlackRock Inc. if it needs to raise money. Callaway writes, “A buyer of the Bloomberg stake would […]
Merrill Lynch could sell stake in Bloomberg
Robert MacMillan of Reuters reports that Merrill Lynch is interested in selling its 20 percent stake in Bloomberg L.P., the parent of Bloomberg News, for about $5 billion to $6 billion, and that New York mayor Mike Bloomberg might be an interested buyer. MacMillan writes, “Sovereign wealth funds, flush with cash; private equity; or media […]
Thomson Reuters exec leaving for Fidelity
Mike Wilens, the chief strategy, technology and innovation officer at Thomson Reuters, is leaving to become head of asset management and chief investment officer at Fidelity Investments, according to an internal announcement from CEO Tom Glocer. Glocer wrote, “Mike’s new position as Head of Asset Management for a company with $3.2 trillion in assets is […]
FiLife personal finance site goes live on Wednesday
Michele Gershberg of Reuters reports that the FiLife personal finance news and advice Web site is going live on Wednesday. The site is a joint venture between IAC/InterActiveCorp. and Dow Jones & Co. Gershberg writes, “FiLife enters a competitive market for personal financial advice, including large players like Yahoo Inc and sites like Mint.com that […]
Thomson Reuters journalists get closer to strike
Katie Allen of The Guardian newspaper in London reports that journalists at Thomson Reuters are closer to striking to protest planned job cuts at the merged operations. Allen writes, “At today’s meeting, staff passed a resolution that will be put to management on Monday: ‘This chapel is prepared to take industrial action in the event […]
WSJ wants to stop running BreakingViews column
Reuters is reporting Friday that The Wall Street Journal plans to stop running a daily opinion column provided by Breakingviews.com, according to Hugo Dixon, the founder of the financial news Web site. Reuters reported, “Dixon told Reuters that the Journal no longer wishes to purchase third-party content and is seeking to buy its way out […]
Reuters looking at "citizen experts"
Reuters mobile project manager said at the World Editors Forum in Europe that the wire service is looking to use more “citizen experts” to expand its coverage. Laura Oliver writes, “Speaking to the World Editors Forum in Gothenburg, Ilicco Elia, mobile product manager for Reuters, said using more mobiles for reporting would not result in […]
Thomson Reuters CEO Glocer: Struggling newspapers help us
Thomson Reuters CEO Tom Glocer also spoke at the All Things D conference, and he noted that newspapers cutting back operations is actually a good thing for the Reuters wire service. John Paczkowski, on the All Things Digital web site, noted: Isn’t this an awful time to double down in financial services? Nope, says Glocer. […]
Thomson Reuters staff given tips on applying for jobs
Journalists at the newly merged Thomson Reuters operation have been given tips on how to apply for internal job openings as the organization attempts to cut 140 editorial positions, writes Patrick Smith of the Press Gazette in London. Smith writes, “Journalists at Thomson Financial Newswires were advised to read two documents on the company’s intranet […]
Thomson Reuters to cut 140 news jobs
Simon Thiel and Sarah Rabil of Bloomberg News report Monday that the newly combined Thomson Reuters plans to cut more than 800 jobs, including 140 reporter and editor positions. Thiel and Rabil write, “Thomson Reuters will have 2,500 news employees by the end of the year, compared with more than 2,380 at Reuters at the […]
