Market Currents

• Tuesday, November 10, 2009

• 08:37 AM EU opens antitrust probe against Thomson Reuters (TRI), on concerns it's abusing its dominant market position by preventing customers and competitors from translating its instrument codes. Recently, Bloomberg opened up its identifier universe. Comment!

• Thursday, November 5, 2009

• 09:48 AM Thomson Reuters (TRI): Q3 EPS of $0.43 beats by $0.03. Revenue of $3.21B (-3.6%) in-line. "While the weak year-to-date net sales experienced in recent quarters are now flowing through into revenues, we expect this dip to be shallow and limited to the next few quarters." (PR) Comment!

• Wednesday, October 14, 2009

• 18:10 PM Felix Salmon was wrong this time: Thomson Reuters (TRI) confirms it's buying Breakingviews, a deal sources say will cost £12.5M ($20M). Reuters' nascent commentary unit will be folded into Breakingviews, and marketed as a premium product. Meanwhile, FT Alphaville has some fun at the expense of its rival. 1 Comment

• Thursday, July 23, 2009

• 15:26 PM According to an article in BusinessWeek, interested potential bidders for McGraw-Hill's (MHP) BusinessWeek magazine include OpenGate Capital, which owns TV Guide, and veteran financier Bruce Wasserstein, owner of The Deal and NY Mag. Passers include Time Warner (TWX), Thomson Reuters (TRI) and Bloomberg. Comment!

• Thursday, May 7, 2009

• 10:07 AM Thomson Reuters (TRI): Q1 EPS of $0.40 beats by $0.05. Revenue of $3.12B (-3.3%) in-line. Shares -0.4%. (PR) Comment!

• Tuesday, February 24, 2009

• 09:22 AM Thomson Reuters (TRI): Q4 EPS of $0.57 beats by $0.16. Revenue of $3.4B (+67.8%) in-line. (PR) Comment!

• Thursday, January 15, 2009

• 18:42 PM Thomson Reuters (TRI) will launch Friday an automated trading system that uses news alerts to generate trading ideas. 2 Comments

• Friday, December 26, 2008

• 07:26 AM Thanks to customer demand, Gannett's (GCI) flagship USA Today becomes the latest paper to be sold through Kindle (AMZN). Kindle's five top-selling newspapers: New York Times, WSJ (NWS), Washington Post (WPO), Financial Times (TRI), Chicago Tribune. Comment!

• Thursday, November 13, 2008

• 08:12 AM Early premarket gainers: CBG +11.4%. HTE +8%. MT +8%. BT +7%. NTAP +6%. LVS +5.5%. TRI +4%. HMY +3%. GM +3%. Comment!

• Wednesday, November 12, 2008

• 09:37 AM Thomson Reuters (TRI): Q3 EPS of $0.48 beats by $0.14. Revenue of $3.33B (+7.6%) vs. $3.25B. Shares -0.7%. (PR) Comment!

• Tuesday, August 12, 2008

• 13:24 PM Thomson Reuters (TRI +1.1%) sees earnings fall 54% to $173M in its first combined quarter. Comparable revenue was up 11%. CEO Glocer says the combo's integration is ahead of plan. Comment!

• Wednesday, July 30, 2008

• 13:42 PM A federal court order forces Thomson Reuters (TRI) to remove a crucial layer of software from its IM service - threatening to disrupt communications for numerous stock brokerages and banks. Comment!

• Monday, June 23, 2008

• 08:21 AM Thomson Reuters (TRI) plans to go hard after Bloomberg in its pursuit for financial data's #1 spot. "For a long time, Bloomberg had it too easy," CEO Tom Glocer says. Comment!