Tag Archives: Thomson Reuters
Charlotte McEleny of New Media Age reports that Reuters journalists covering the World Economic Forum in Davos, Switzerland plan to use Twitter to provide updates to readers.
McEleny writes, “A Twitter feed will be constantly updated by reporters at the forum and Reuters will also upload video clips filmed on site at the event and exclusive interviews with delegates.
“Reuters plans to incorporate the best reactions and comments into its own website and coverage.
“The full coverage, kicks off on Wednesday with a 90-minute morning broadcast show streaming live from the Reuters website.
“The show will discuss key themes from the forum with up to ten leading delegates talking on the show.
“Mark Jones, global community editor at Thomson Reuters, said, ‘We want to turn the coverage around, by asking delegates what they think the biggest issues facing the global economy are, then use social media to let the public offer their opinion.’”
Read more here.
Marguerite, Baroness de Reuter, a European aristocrat from a bygone age and last survivor of the family that founded the international news agency, died on Sunday aged 96, Reuters is reporting.
The Reuters story stated, “He said Swiss-born Marguerite, a widow for more than 40 years, was intensely proud of the family link with Reuters, and of the British nationality she acquired through her husband.
“Last year Reuters, which had already moved out of its historic headquarters in London’s Fleet Street, the traditional home of the British press, became part of Thomson Reuters Plc.
“Thomson Reuters’ chief executive, Tom Glocer, said he was saddened to hear of the baroness’s death, adding:
“‘Although the founding family of Reuters were no longer significant shareholders in the company, the baroness did notably attend a service at St Bride’s Church, London, to mark Reuters’ historic move from Fleet Street to Canary Wharf in 2OO5.’”
Read more here.
TheÂ Reuters story stated, “The letters contained flour or another food-based substance, police spokesman Paul Browne told Reuters. He said that such letters often are hoaxes.Â
“The envelopes went to Journal Managing Editor Robert Thomson, Dow Jones & Co Chief Executive Les Hinton and Journal Editorial Page Editor Paul Gigot, a source familiar with the matter told Reuters.
“Dow Jones is a unit of Rupert Murdoch’s international media conglomerate News Corp., and owns the Journal.
“About 10 more envelopes turned up in the Journal’s mailroom, spokesman Robert Christie said earlier in the day. The envelopes were sent from Knoxville, Tennessee.”
Read more here.
Jason Szep of Reuters writes Wednesday about how The Wall Street Digest, an investmentÂ newsletter, ran a headline in 2003 that read “America’s Top Ranked Money Manager” about Arthur Nadel, who has now vanished with $350 million of his client’s money.
Its editor, Donald Rowe, and the newsletter are now being questioned for the amount of due diligence they do on money managers.
Szep writes, “Rowe wrote in the Wall Street Digest in 2003 that he conducted a due diligence visit to the office of Nadel and his business partner, Neil Moody, who has said he was not aware of any problems until last week.
“‘I did not learn the various mathematical formulas in Nadel’s ‘black box’ computer program,’ Rowe wrote.
“‘What I did learn is very important for the individual investor. After 26 years of reviewing the track records of over 11,000 mutual funds, 6,000 money managers and 5,800 hedge funds, Nadel’s computerized investment program has produced the best track record and most consistent returns I have ever seen,’ Rowe wrote.
“‘The highly technical program used by the group is proprietary, but I was given an opportunity to see it in action during a due diligence visit to their office,’ he wrote.
“Fine print at the bottom of the report notes that Rowe from time to time makes referrals to The Nadel Moody Group. Experts say that while such referrals could pose a conflict of interest there is little regulation over investment newsletters.”
Read more here.
Art Spiegelman, one of Reuters’ greatest correspondents who was Los Angeles bureau chief for years and a senior correspondent in New York for decades, passed away Saturday.
Betty Wong, managing editor for Reuters America, wrote to the staff: “It is with heavy heart that I share news with you that Art passed away last night after a long battle with cancer. Art, 68, was surrounded by his family including his wife Charlotte, sons Michael and Adam, younger brother Marvin and beloved little granddaughter Molly Mae. Art had worked at Reuters for 42 years as a correspondent and editor.
“‘Art’s writing was beloved of readers and editors alike, using a light touch to explore subjects from pop culture to politics. He was a friend and mentor to legions of journalists,’ said David Schlesinger. He added that Art was the loveliest of men, who could find a laugh or a wry angle anywhere
“Belinda Goldsmith said Charlotte plans to hold a funeral service in the next two days and a memorial service in a few weeks. Belinda said we will issue a story on Art’s passing on Monday on both The link and on the wire.
“‘I know colleagues past and present around the globe will join me in mourning one of the Reuters’ greats and a truly wonderful, exceptional man,’ Belinda said.”
Anupreeta Das of Reuters writes Thursday that Wall Street Journal editor Robert Thomson hopes to take readers away from the metro papers who are cutting back on coverage.
The Journal historically has been marketed as a second read, providing the analysis and context of the breaking news in the general interest papers.
Das writes, “And yes, that would be The Wall Street Journal. ‘What weâ€™re noticing in markets like Chicago, LA and Miamiâ€¦ big city markets with papers that are changing, there are real opportunities to bring new readers to print as well as online,’ Thomson said at the Reuters Media Summit in New York.
“We asked him how exactly theÂ WSJ hopes to wean readers â€” the intelligent, educated consumer of business news that Thomson said thereâ€™s an abundance of right now in the United StatesÂ â€“- away from other dailies, but the formerÂ Times of London editor offered no more details. ‘Weâ€™re planning,’ is all he would say.
“‘Those papers have been particularly hard hit by declines in classified advertising,’ Thomson said. Also, many of these city dailies were slow to adapt to the changes in the information environment and are suffering from serious revenue and circulation declines for a host of reasons, he said.Â ’Thereâ€™s an opportunity there.’”
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Robert MacMillan of Reuters reports Tuesday that The Financial Times is offering buyouts and freezing salaries as its advertisers and customers deal with the financial crisis, according to a memo from the daily business newspaper’s chief executive.
MacMillan writes, “The pink-hued business daily, which is owned by Pearson Plc, is seeking an unknown number of buyouts, with expressions of interest due by December 19, according to the memo, which was sent on Tuesday and obtained by Reuters.
“It also is freezing salaries for employees who earn more than $50,000 a year or the equivalent.
“If conditions improve more quickly than expected, the company would review its decision on salaries, Chief Executive John Ridding wrote, adding that it would be at least in the second half of the year before the FT considered that.
“‘We continue to perform well against the competition, taking market share in advertising, readership and circulation,’ Ridding wrote.”
Read more here.
Reuters News announced TuesdayÂ the appointment ofÂ correspondent Jonathan Ford to the role of Reuters commentary editor, effective Dec. 11, according to an internal announcement.
Ford, who will be based in London,Â will drive the development of commentary for Reuters worldwide, looking at opportunities to enhance Reuters international news offering and to give additional insight and expertise.
Columns were first introduced in 2007 as part of Reuters editorial strategy to provide added insight, analysis and a range of views to Thomson Reuters clients and readers.
Reuters columns provide context, expertise and opinion on diverse topics such as commodities and energy, macroeconomics, technology, European policy, emerging markets and M&A. In his role as commentary editor, Ford will increase the variety of columns offered and lead the existing global expert team that currently includes Jim Saft, Bernd Debusmann, Wei Gu, Paul Taylor, John Kemp, Eric Auchard, Andy Home and Alex Smith.
â€œA journalist of Jonathanâ€™s experience and stature will add true insight to our coverage,â€? said editor-in-chief David Schlesinger. â€œIâ€™m delighted that he will lead this important part of our editorial offering and very much look forward to him joining the team.â€?
Ford is an internationally-regarded editor and journalist, and for the past 15 years, has written for publications that include Prospect, The Financial Times, The Times, The Independent, The Guardian, and the Economist, and is also an experienced broadcast journalist, appearing on BBC News, CNN and CNBC.
â€œIâ€™m very excited about joining Reuters and am looking forward to the challenge of extending the worldâ€™s pre-eminent financial news brand further into the realm of commentary and opinion,â€? said Ford.
From 2000 to 2007, Ford was a founder and deputy editor of Breakingviews.com, the financial commentary website. Prior to that, he was a journalist on the Financial Times, where he was a member of the Lex column, and a financial reporter on the Evening Standard.Â
MacMillan reports, “Unlike years past, the cocktail hour that preceded the Financial Follies dinner came with a price tag. Mixed drinks and wine cost $11. Water cost $6.
“The reason? The New York Financial Writers’ Association, which holds the Follies at the Marriott Marquis Hotel in Times Square, could not get anyone to sponsor the $25,000 tab.
“‘I really think it was a sign of the times,’ said Jane Reilly, executive manager for the association, which holds the Follies to raise money for 10 $3,000 scholarships and to pay for the group’s existence.Â
“The loss of funding of the Follies symbolizes the crisis facing not only Wall Street but many media organizations suffering from falling advertising and, in the case of many magazines and newspapers, circulation.”
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John Miller and James Areddy of The Wall Street Journal report Thursday that China agreed to repeal aÂ regulation requiring western news services to disclose sales data and other confidential information to a government-controlled Chinese competitor.
Miller and Areddy write, “Dow Jones, Bloomberg and Thomson Reuters all welcomed the change. The new rule will protect the media’s ‘freedom to deal directly with our financial information customers and protect our proprietary commercial information,’ Bloomberg said in a statement.
“The market for financial news and data has continued to grow as China’s financial markets have expanded. The main foreign providers of news and data say Xinhua has never had a role in their operations and hasn’t edited the content of their news reports.
“Over the past two years, European Union and U.S. officials complained frequently about the law to the Chinese ministry of commerce.
“In June 2007, Xinhua launched its own financial data service, Xinhua 08, offering data from 20 financial exchanges in China and abroad. Officials in Beijing said the law’s intent wasn’t to censor or restrict financial information or discriminate against Western media outlets. But the launch of the competing service was the last straw, EU officials said.”
Read more here. The United States and the European Union had filed a complaint against China with the World Trade Organization.