Key Developments: Thomson Reuters Corp (TRI.TO)

TRI.TO on Toronto Stock Exchange

40.70CAD
2 Oct 2014
Price Change (% chg)

$0.04 (+0.10%)
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Latest Key Developments (Source: Significant Developments)

Thomson Reuters Corp and Cambridge Associates create online platform
Thursday, 13 Mar 2014 08:00am EDT 

Thomson Reuters Corp:Says an agreement with Cambridge Associates, a global investment firm, to provide Cambridge's private fund performance benchmarks through a jointly-developed online platform.Thomson Reuters will work closely with Cambridge Associates to develop a range of product offerings which will be made available through Thomson Reuters Eikon for the benefit of the global alternative investment community.  Full Article

Thomson Reuters Corp gives FY 2014 revenue outlook and declares quarterly dividend
Wednesday, 12 Feb 2014 07:00am EST 

Thomson Reuters Corp:Expects fiscal 2014 revenues to be comparable to fiscal 2013 before currency.Says its fiscal 2014 outlook includes the impact of $120 million of charges expected to be incurred this year.Reported revenue of $12.702 billion in fiscal 2013.Fiscal 2014 revenue of $12.817 billion - Thomson Reuters I/B/E/S.Says board of directors approved a $0.02 per share annualized increase in the dividend to $1.32 per share.Says a quarterly dividend of $0.33 per share is payable on Mar. 17, to common shareholders of record as of Feb. 24.  Full Article

Singapore Exchange Ltd and Thomson Reuters Corp launch bond indices for benchmarking investment performance
Tuesday, 10 Dec 2013 04:13am EST 

Singapore Exchange Ltd And Thomson Reuters Corp:Says the launch of a suite of S$ bond indices designed to meet the needs of fund managers, asset owners and custodians in benchmarking investment performances.Says the new index series is the only complete government, statutory board and corporate bond index series to provide five years of historical data.Says Thomson Reuters/SGX Singapore Fixed Income indices are based on bonds priced objectively and independently by the Thomson Reuters Evaluated Pricing Service, a time-specific assessment of the fair market value of each bond.  Full Article

Thomson Reuters Corp Announces Pricing of CAD500 Million Note Offering
Friday, 15 Nov 2013 04:15pm EST 

Thomson Reuters Corp announced that the pricing of its offering of CAD500 million (approximately USD478 million) principal amount of 3.369% notes due 2019. The offering is expected to close on November 22, 2013, subject to customary closing conditions. Thomson Reuters plans to use the net proceeds of this offering for general corporate purposes including, without limitation, to finance share repurchases. Thomson Reuters plans to enter into an agency agreement with a syndicate of Canadian investment dealers. The notes have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.  Full Article

Thomson Reuters Corp Announces Pricing Of USD1.5 Billion Note Offering
Thursday, 14 Nov 2013 06:30pm EST 

Thomson Reuters Corp announced the pricing of its offering of USD1.5 billion of debt securities, which consists of USD550 million principal amount of 1.30% notes due 2017, USD600 million principal amount of 4.30% notes due 2023 and USD350 million principal amount of 5.65% notes due 2043. The offering is expected to close on November 21, 2013, subject to customary closing conditions. Thomson Reuters plans to use the net proceeds of this offering to redeem all of its USD800 million principal amount of 5.70% notes due in October 2014, as previously announced earlier on November 14, 2013, and for general corporate purposes including, without limitation, to finance share repurchases. Barclays Capital Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are the joint book-running managers for the offering.  Full Article

Thomson Reuters Corp Releases New Worldwide Private Company Database Designed For Transfer Pricing
Tuesday, 12 Nov 2013 09:30am EST 

Thomson Reuters Corp announced the new Worldwide Private Company Database from ONESOURCE Transfer Pricing. This new database, designed for transfer pricing professionals, provides the transparent, detailed data global firms need to defend themselves in tax environment. Audits are on the rise, and the cost of noncompliance is both financial and reputational. Add the fact that the average audit takes 540 days, and the magnitude of transfer pricing risks becomes clear.  Full Article

Thomson Reuters Corp To Eliminate About 3,000 Positions-Reuters
Tuesday, 29 Oct 2013 07:45am EDT 

Reuters reported that Thomson Reuters Corp said it planned to take a $350 million charge to accelerate a cost-saving strategy, primarily in the Financial & Risk division. It will eliminate about 3,000 positions.  Full Article

Thomson Reuters Corp Reaffirms FY 2013 Revenue Guidance; Comments On Q4 2013 Charge Guidance; Declares Dividend; Plans To Repurchase Up To $1 Billion Shares
Tuesday, 29 Oct 2013 07:05am EDT 

Thomson Reuters Corp reaffirmed its fiscal 2013 guidance and expects revenues to grow low single digits. The Company's outlook includes the impact of an expected $100 million of severance expenses in 2013, $97 million of which was incurred in the first three quarters of the year. The Outlook also includes adjustments for two new accounting pronouncements as well as the reclassification of certain businesses into disposals. The Company's Outlook does not include the planned charge of approximately $350 million or planned pension contribution of approximately $500 million. For fourth quarter of 2013, it expects to record a charge of approximately $350 million, with a smaller portion recorded in fiscal 2014. These charges are expected to help accelerate cost savings opportunities from simplification efforts across the organization, primarily in Financial & Risk. The Company reported revenue of $12.899 billion in fiscal 2012. The Company also announced that a quarterly dividend of $0.325 per share is payable on December 16, 2013 to common shareholders of record as of November 21, 2013. The Company also announced that it plans to repurchase up to $1 billion of its shares by the end of fiscal 2014. These repurchases are expected to be funded by lower acquisition spending in 2014 and a modest increase in the Company's leverage ratio target.  Full Article

U.S. High Court Declines To Hear Privacy Lawsuit Against Thomson Reuters Corp-Reuters
Monday, 21 Oct 2013 03:14pm EDT 

Reuters reported that the U.S. Supreme Court on October 21, 2013 declined to consider whether a unit of Thomson Reuters Corp can obtain and sell information on drivers provided by state agencies without violating a federal privacy law. The decision not to hear the matter represented a win for the commercialization of publicly available information, although U.S. law remains mixed on the subject. A class action lawsuit against West Publishing Corp, which, like the Reuters news agency, is part of Thomson Reuters, alleged that the practice of acquiring and selling the data violated the Driver's Privacy Protection Act. The plaintiffs, holders of state identity cards, said that West had obtained such information directly from 29 states and the District of Columbia and, in some instances, from other entities that already had acquired it. A federal judge in Missouri said the case could go ahead but was reversed by the 8th U.S. Circuit Court of Appeals in an April ruling. Under federal law, certain types of information are permitted to be disclosed by state agencies and, in some cases, re-sold by third parties like West. West said it obtained the records purely for the uses permitted under the law.  Full Article

Thomson Reuters Corp Acquires Omnesys Technologies-The Hindu
Monday, 16 Sep 2013 04:48pm EDT 

The Hindu reported that Thomson Reuters Corp has acquired Bangalore-based Omnesys Technologies for an undisclosed amount. Omnesys is an integrated provider of sell-side order management systems (OMS) and high frequency trading solutions for Indian exchange traded instruments.  Full Article

UPDATE 1-Financial service provider Markit's IPO raises $1.28 bln

June 18 - Markit Ltd said it priced its initial public offering at $24 per share, valuing the financial information service provider at about $4.3 billion.

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