Thomson Reuters
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| Thomson Reuters | |
|---|---|
 Skeezix1000 · CC BY-SA 3.0 · source | |
| Name | Thomson Reuters |
| Type | Public |
| Traded as | NYSE: TRI, TSX: TRI |
| Industry | Media |
| Founded | 2008 |
| Founder | Roy Thomson and Paul Julius Reuter |
| Headquarters | Toronto, Ontario, Canada |
| Key people | Steve Hasker, David Thomson |
Thomson Reuters is a leading provider of news, financial data, and legal information services, serving professionals in the financial industry, law firms, and corporate sectors, with notable clients including Goldman Sachs, JPMorgan Chase, and Microsoft. The company's history dates back to the founding of the Reuters news agency by Paul Julius Reuter in 1851, and the establishment of the Thomson Corporation by Roy Thomson in 1934, with key milestones including the London Stock Exchange listing and the acquisition of Dow Jones & Company. Thomson Reuters has a significant presence in major financial hubs, including New York City, London, and Tokyo, and has partnerships with prominent organizations such as Bloomberg L.P., S&P Global, and FactSet Research Systems. The company's services are used by professionals at Morgan Stanley, Bank of America, and Citigroup, among others.
● History
The history of Thomson Reuters is closely tied to the development of the Reuters news agency, which was founded by Paul Julius Reuter in 1851, and the Thomson Corporation, which was established by Roy Thomson in 1934, with key events including the Reuters merger with the Thomson Corporation in 2008, and the subsequent acquisition of Platts from McGraw-Hill in 2011. The company has a long history of innovation, with notable milestones including the introduction of the Reuters ticker tape in 1863, and the launch of the Thomson Reuters financial data platform in 2010, which provides real-time data to clients such as Fidelity Investments, Charles Schwab, and E\*TRADE. Thomson Reuters has also been at the forefront of journalism, with notable journalists including Nicholas Kristof of the New York Times, Sarah Kendzior of the Washington Post, and Glenn Greenwald of the Guardian, who have used the company's services to break major stories, such as the Pentagon Papers and the Panama Papers. The company's history is also marked by significant events, including the Great Depression, World War II, and the dot-com bubble, which have shaped the company's development and services.
● Products and Services
Thomson Reuters offers a wide range of products and services, including financial data and analytics platforms, such as Thomson Reuters Eikon and Thomson Reuters Datastream, which provide real-time data to clients such as BlackRock, Vanguard Group, and State Street Corporation. The company also provides legal information services, including Westlaw and Practical Law, which are used by professionals at Skadden, Arps, Slate, Meagher & Flom, Kirkland & Ellis, and Latham & Watkins, among others. Additionally, Thomson Reuters offers tax and accounting services, including Thomson Reuters Checkpoint and Thomson Reuters Onesource, which are used by professionals at Deloitte, Ernst & Young, and KPMG, among others. The company's services are also used by professionals in the healthcare and science sectors, including Pfizer, Johnson & Johnson, and National Institutes of Health, who rely on the company's scientific and medical databases, such as Web of Science and EndNote.
● Corporate Structure
Thomson Reuters is a publicly traded company, listed on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX), with a global presence in over 100 countries, and a workforce of over 50,000 employees, including notable executives such as Steve Hasker and David Thomson. The company is headquartered in Toronto, Ontario, Canada, and has major operations in New York City, London, and Tokyo, with key partners including Microsoft, IBM, and Oracle Corporation. Thomson Reuters is organized into several business units, including the Financial & Risk division, the Legal division, and the Tax & Accounting division, which are led by experienced executives such as Brian Scanlon and Susana d'Avila, who have previously worked at companies such as Goldman Sachs and McKinsey & Company.
● Financial Information
Thomson Reuters is a significant player in the global media and information services industry, with annual revenues of over $5 billion, and a market capitalization of over $30 billion, making it one of the largest companies in the S&P 500 index, alongside other major companies such as Apple Inc., Microsoft, and Alphabet Inc.. The company's financial performance is closely tied to the performance of the global economy, with key indicators including GDP growth, inflation rates, and interest rates, which are tracked by economists at Federal Reserve, International Monetary Fund, and World Bank. Thomson Reuters has a strong track record of generating cash flow and profitability, with a return on equity (ROE) of over 20%, and a dividend yield of over 3%, making it an attractive investment opportunity for investors such as Warren Buffett and Carl Icahn.
● Controversies and Criticisms
Thomson Reuters has faced several controversies and criticisms over the years, including allegations of bias in its news coverage, particularly with regards to its coverage of Middle East conflicts, such as the Israeli-Palestinian conflict, and its relationship with government agencies, such as the National Security Agency (NSA) and the Central Intelligence Agency (CIA), which have raised concerns about the company's journalistic independence and data privacy practices. The company has also faced criticism for its pricing and licensing practices, particularly with regards to its financial data and legal information services, which have been the subject of antitrust investigations by regulators such as the European Commission and the US Department of Justice. Additionally, Thomson Reuters has faced criticism for its environmental, social, and governance (ESG) practices, particularly with regards to its carbon footprint and diversity and inclusion initiatives, which have been the subject of shareholder activism by investors such as BlackRock and Vanguard Group.
● Acquisitions and Partnerships
Thomson Reuters has a long history of acquisitions and partnerships, including the acquisition of Reuters in 2008, and the acquisition of Platts from McGraw-Hill in 2011, which have expanded the company's offerings in the energy and commodities markets, and have provided access to new markets and customers, such as ExxonMobil, Royal Dutch Shell, and BP. The company has also partnered with other major companies, such as Microsoft, IBM, and Oracle Corporation, to develop new products and services, such as cloud-based financial data platforms, and artificial intelligence-powered legal research tools, which have been used by professionals at Google, Amazon, and Facebook, among others. Additionally, Thomson Reuters has invested in several startups and venture capital funds, including Thomson Reuters Ventures, which have provided access to new technologies and innovations, such as blockchain and machine learning, which are being developed by companies such as Chainalysis and Digital Asset Holdings.