Thomson Reuters Corp., the parent company of the Reuters news service, reported that its third-quarter profit rose 66 percent, primarily due to tax items in the 2009 quarter.
“Investment firm Jefferies said the latest results should highlight an improving environment within the markets division. The firm said the launch of Eikon, Thomson’s new desktop platform, during the quarter was positive, and Jefferies said it expects continued progress from other new product launches from earlier this year.
“In the professional division, which includes legal and tax and accounting, revenue increased 4.5%, helped by solid growth from legal subscriptions, but profit fell 3.8%.”
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