Key Developments: Thomson Reuters Corp (TRI_pb.TO)
23.90CAD
21 May 2013
$0.04 (+0.17%)
$23.86
$23.90
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$23.90
2,500
2,580
$24.65
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Latest Key Developments (Source: Significant Developments)
Ryan To Acquires Thomson Reuters Corp's Property Tax Services Business
Ryan announced that the Firm has acquired Thomson Reuters Property Tax Services (PTS) business. Financial terms were not disclosed. Full Article
Thomson Reuters Corp Provides PwC With Corporate Tax Technology In China-DJ
Dow Jones reported that Thomson Reuters Corp has signed a three-year contract with PwC to provide use of its ONESOURCE Corporate Tax solution for China. In assisting clients with their tax preparation and compliance obligations, the use of tax technology by PwC will help to improve efficiency, accuracy and reduce risk in tax compliance. This is timely in light of China's changing tax environment which presents uncertainties and challenges for taxpayers, as they seek to ensure compliance with tax laws and reporting requirements. Full Article
Thomson Reuters Corp And EU Settle Data Antitrust Row-DJ
Dow Jones reported that Thomson Reuters Corp has settled long-running concerns that it is abusing its dominant market position in the real-time market data sector with the European Union. The European Commission said Thomson Reuters had agreed to allow customers to use Reuters Instruments Codes for data sourced from its competitors for a monthly fee--the codes identify securities used by financial institutions to retrieve data from its real-time data feeds. The probe was opened in late 2009 by EU regulators to ensure that traders and other users can get access to financial data at reasonable prices and have the possibility to switch to competing services. The news and business data provider has repeatedly revised its commitments to address concerns. The commission had concerns because Thomson Reuters was prohibiting customers to use RICs for retrieving data from alternative data providers. Full Article
NASDAQ OMX Group Inc To Acquire Thomson Reuters Corp Investor Relations, Public Relations and Multimedia Solutions Businesses
NASDAQ OMX Group Inc announced that it has entered into an agreement with Thomson Reuters Corp to acquire the Investor Relations, Public Relations and Multimedia Solutions businesses, which provide insight, analytics and communications solutions to more than 7,000 clients worldwide. Upon completion of the transaction, these complementary businesses will be integrated into NASDAQ OMX Corporate Solutions. NASDAQ OMX has made a binding offer to acquire Thomson Reuters Investor Relations, Public Relations and Multimedia Solutions businesses for $390 million in cash. Thomson Reuters and NASDAQ OMX will begin the information and consultation process with respect to this proposed transaction with all relevant works councils, unions and employee representatives. Upon completion of the employee information and consultation process, NASDAQ OMX expects Thomson Reuters to enter into a definitive purchase and sale agreement in respect of the proposed acquisition. The proposed transaction will also be subject to customary regulatory approvals and is expected to close in the first half of 2013. Until the closing of the transaction, NASDAQ OMX and these Thomson Reuters businesses will continue to operate as independent companies and will remain committed to providing superior service to create value for their customers. Full Article
EU To Accept Thomson Reuters Corp Concessions, End Probe-Reuters
Reuters reported that EU antitrust regulators plan to accept revised proposals from Thomson Reuters Corp to end an investigation into whether its control over its financial instrument codes was anticompetitive. The decision meant the news and information company would not be penalised and that the investigation would be dropped. The Commission had expressed concern that Thomson Reuters may have abused its dominant position in financial data by preventing customers from using its codes to get data from rivals and cross-reference them. The case is part of an effort by EU regulators to ensure that traders and other users can get access to financial data at reasonable rates and be able to switch to competing services. The coding case was opened in October 2009 and the company has offered various concessions since, with the latest round proposed in May. It is these concessions - including lower licence fees for using the codes - that would now be accepted. Full Article
Universal Entertainment Corp Files for Lawsuit against Thomson Reuters Corp
Universal Entertainment Corp announced that it, along with its parent company, has filed for a lawsuit against Thomson Reuters Corp and its three journalists, with the Tokyo District Court on December 4, 2012. Universal Entertainment claims that Thomson Reuters to delete the report which is considered to cause damage to Universal Entertainment's reputation and public formal apology advertised in newspapers, as well as compensation for damages, which is JPY 200 million. Full Article
Thomson Reuters Corp Comments On Q4 2012 Revenue Guidance-Conference Call
Thomson Reuters Corp announced that for fourth quarter of 2012, it expects net sales will not be as good sequentially quarter-on-quarter, but will be substantially better than fourth quarter of 2011. That is because just the number of contracts that the Company have in the renegotiation phase and the kind of cumulative effect of cutbacks that have already been announced in the marketplace. The Company reported revenue of $3.165 billion in third quarter of 2012 and $3.308 billion in fourth quarter of 2011. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $3.381 billion for fourth quarter 2012. Full Article
Thomson Reuters Corp Reaffirms FY 2012 Revenue Guidance
Thomson Reuters Corp reaffirmed business outlook for fiscal 2012 that was previously communicated in February. The Company continues to expect revenues to grow low single-digits in fiscal 2012. The Company reported revenues of $12.916 billion in fiscal 2011. Full Article
Thomson Reuters Corp And BlumbergExcelsior, Inc Sign Strategic Licensing Agreement
Thomson Reuters Corp and BlumbergExcelsior, Inc. announced that they have signed a strategic licensing agreement which will add more than 230 Blumberg forms to current content on Westlaw Form Builder. The list of forms covers several practice areas including litigation, real estate, landlord/tenant and powers of attorney. The Blumberg forms will be incorporated into Westlaw Form Builder’s New York libraries and will be available to existing New York Form Builder customers at no additional charge. Blumberg customers also will benefit from the agreement, as it allows them access to select Westlaw forms content that will be licensed for use on Blumberg’s legal forms online. Full Article
Discount Tire Selects Thomson Reuters Corp To Consolidate Its Sales And Use Tax Operations
Thomson Reuters Corp announced that Discount Tire America’s tire and wheel retailer, has selected ONESOURCE Indirect Tax Determination to consolidate its sales and use tax determination, calculation, and recording operations. Full Article
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Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
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