Galloni becomes the first woman to lead the globe-spanning news agency in its 170-year history.
The two-year plan will also transition the company from a content provider to a content-driven technology company.
Adjusted EBITDA rose 42% in the third quarter as a result of higher revenue and a pandemic-related $100 million cost cutting program.
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Thomson Reuters is the result of the $17.6 billion megamerger of Canada's Thomson and the United Kingdom's Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE. Since the divestiture, the company is more concentrated on selling its flagship legal data and software, WestLaw, and its tax accounting software, OneSource. In addition, the company does hold a significant investment in the publicly traded Tradeweb, which operates a fixed income exchange.
| Website: | www.thomsonreuters.com |
| Email: | investor.relations@thomsonreuters.com |
| Main Phone: | +1 647 480-7000 |
| Address: | 333 Bay Street |
| Address 2: | Suite 400 |
| State: | ON |
| City / Town: | Toronto |
| Country: | CA |
| Postal Code: | M5H 2R2 |
| Exchange: | NYE |
| CEO: | Steve Hasker |
| Employees: | 24400 |
| NAICS: | Marketing Consulting Services(541613) |
Galloni becomes the first woman to lead the globe-spanning news agency in its 170-year history.
The two-year plan will also transition the company from a content provider to a content-driven technology company.
Adjusted EBITDA rose 42% in the third quarter as a result of higher revenue and a pandemic-related $100 million cost cutting program.
Last week, analysts parsed 303 filings and collected 34,774 data points. In total, they made 6,193 accounting adjustments with a dollar value of $4.3 trillion.
A combination of falling core earnings and economic earnings, low ROIC, and an overvalued stock price land this Tech stock in the Danger Zone.
This company should not only beat short-term earnings expectations, but has improving fundamentals, multiple growth opportunities, and an undervalued stock price.
This company is one of the most profitable vs. its peers, has multiple growth opportunities, and its stock hasn’t been cheaper since 2013.
Thomson Reuters Corp said on Tuesday it had appointed former Nielsen Holdings Plc president Steve Hasker as its new chief executive officer, succeeding Jim Smith.
A Reuters/Ipsos poll shows 64% strongly or somewhat agreed that “the very rich should contribute an extra share of their total wealth each year to support public programs."
Tim Nixon talk Humanity 2.0 at Vatican City with Traders Network Show Host Matt Bird
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