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Friday, July 25, 2008

Reuters

Reuters is a company supplying global financial markets and news media with a range of information products and transactional solutions, including real-time and historical market data, research and analytics, financial trading platforms, investment data and analytics plus news in text, video, graphics and photographs.

The company was founded by Paul Reuter, a pioneer of telegraphy services.

In the mid-1990s the company had a brief foray into the radio sector with London Radio's two stations, London News 97.3 FM and London News Talk 1152 AM, which replaced LBC in 1994. A Reuters Radio News service was also set up to compete with Independent Radio News.

On September 28 2001, the Group acquired certain businesses and assets of Bridge Information Systems Inc. Also during the year, the Group acquired 100% of Diagram fip SA and 92% of ProTrader Group LP. In October 2001, the Group disposed of its majority stake in VentureOne Corp.

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