Boyd Erman of the Toronto Globe and Mail writes Friday about the challenges facing the combined operations of Thomson and Reuters, which are now one company.
“His bigger challenge is to ensure products from the two entities are reaching their combined market. When a scientist working on drug development looks to her Thomson Scientific terminal to find a research paper, Mr. Glocer wants her to also see a stream of news written by Reuters journalists around the world, with headlines on biotechnology and pharmaceuticals flashing across the screen.
“So far, investors doubt he can grow Thomson Reuters. In its first day of trading, its shares slid 3.6 per cent on the TSX on concern the new company is too heavily weighted toward providing data to financial markets, where customers are slashing jobs.
“ABN Amro hung a ‘sell’ rating on the stock, citing the 60 per cent of revenue from the financial sector where Reuters and rival Bloomberg LP compete to provide securities prices and news to traders and money managers.”
Read more here.
Washington Post Business Editor Lori Montgomery: We’re delighted to announce that Sandhya Somashekhar, an insightful…
CoinDesk markets reporter Lyllah Ledesma is leaving the news organization after four years for a new opportunity.…
Allie Garfinkle of Fortune, who writes its Term Sheet newsletter, was interviewed by SBS Communications…
STAT News executive editor Rick Berke posted the following: Dear Readers, Please bear with me…
The Oregonian seeks a reporter to tackle real estate news, trends in housing and the…
Al Mannarino, senior podcast producer at Adweek, has left the news organization. He has been…