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Thomson Reuters Corporation ( ) is a Canadian multinational
media conglomerate A media conglomerate, media group, or media institution is a company that owns numerous companies involved in mass media enterprises, such as music, television, radio, publishing, motion pictures, theme parks, or the Internet. According to th ...
. The company was founded in
Toronto Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the anch ...
,
Ontario Ontario ( ; ) is one of the thirteen provinces and territories of Canada.Ontario is located in the geographic eastern half of Canada, but it has historically and politically been considered to be part of Central Canada. Located in Central C ...
, Canada, where it is headquartered at the
Bay Adelaide Centre The Bay Adelaide Centre is an office complex in the Financial District of Toronto, Ontario, Canada. The first phase, a 51-storey skyscraper known as Bay Adelaide West, was completed in July 2009. The second phase, the 44-storey Bay Adelaide Ea ...
. Thomson Reuters was created by the
Thomson Corporation The Thomson Corporation was one of the world's largest information companies. It was established in 1989 following a merger between International Thomson Organisation Ltd (ITOL) and Thomson Newspapers. In 2008, it purchased Reuters Group to fo ...
's purchase of the British company
Reuters Group Reuters Group plc was a British multinational media and financial information company headquartered in London, United Kingdom. It was acquired by the Thomson Corporation in 2008, forming Thomson Reuters, and moving its head office to Toronto. ...
in April 2008. It is majority-owned by
The Woodbridge Company The Woodbridge Company Limited is a Canadian private holding company based in Toronto, Ontario. It is the primary investment vehicle for members of the family of the late Roy Thomson, the first Baron Thomson of Fleet. David Binet has been the ...
, a
holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...
for the Thomson family.


History


Thomson Corporation

The forerunner of the Thomson company was founded by Roy Thomson in 1934 in Ontario, as the publisher of ''
The Timmins Daily Press The ''Timmins Daily Press'' is a newspaper in Timmins, Ontario, which publishes six days a week. It is notable as the first paper founded by press baron Roy Thomson in the 1930s, who would eventually own more than 200 newspapers including ''The ...
''. In 1953, Thomson acquired the '' Scotsman'' newspaper and moved to Scotland the following year. He consolidated his media position in Scotland in 1957, when he won the
franchise Franchise may refer to: Business and law * Franchising, a business method that involves licensing of trademarks and methods of doing business to franchisees * Franchise, a privilege to operate a type of business such as a cable television p ...
for
Scottish Television Scottish Television (now, legally, known as STV Central Limited) is the ITV network franchisee for Central Scotland. The channel — the largest of the three ITV franchises in Scotland — has been in operation since 31 August 1957 and is th ...
. In 1959, he bought the Kemsley Group, a purchase that eventually gave him control of the '' Sunday Times''. He separately acquired the ''
Times Time is the continued sequence of existence and events, and a fundamental quantity of measuring systems. Time or times may also refer to: Temporal measurement * Time in physics, defined by its measurement * Time standard, civil time speci ...
'' in 1967. He moved into the airline business in 1965, when he acquired
Britannia Airways Britannia Airways was a charter airline based in the UK. It was founded in 1961 as Euravia and became the world's largest holiday airline. Britannia's main bases were at London Gatwick, London Stansted, London Luton, Cardiff, Bristol, East Mi ...
and into oil and gas exploration in 1971, when he participated in a consortium to exploit reserves in the
North Sea The North Sea lies between Great Britain, Norway, Denmark, Germany, the Netherlands and Belgium. An epeiric sea, epeiric sea on the European continental shelf, it connects to the Atlantic Ocean through the English Channel in the south and the ...
. Following the death of Thomson, the company withdrew from national newspapers and broadcast media, selling the ''Times'', the ''Sunday Times'' to
Rupert Murdoch Keith Rupert Murdoch ( ; born 11 March 1931) is an Australian-born American business magnate. Through his company News Corp, he is the owner of hundreds of local, national, and international publishing outlets around the world, including ...
's News International in 1981, and instead moved into publishing, buying Sweet & Maxwell in 1988. The company at this time was known as the
International Thomson Organisation International Thomson Organization (ITO) was a holding company for interests in publishing, travel, and natural resources, that existed from 1978 to 1989. It was formed as a reorganisation of the Thomson Organization, which had been founded by Ro ...
Ltd (ITOL).The Thomson Corporation History
''FundingUniverse''.
In 1989, ITOL merged with Thomson Newspapers, forming The Thomson Corporation. In 1996, The Thomson Corporation acquired
West Publishing West (also known by its original name, West Publishing) is a business owned by Thomson Reuters that publishes legal, business, and regulatory information in print, and on electronic services such as Westlaw. Since the late 19th century, West h ...
, a purveyor of legal research and services including
Westlaw Westlaw is an online legal research service and proprietary database for lawyers and legal professionals available in over 60 countries. Information resources on Westlaw include more than 40,000 databases of case law, state and federal statu ...
.


Reuters Group

The company was founded by
Paul Julius Reuter Paul Julius Reuter (born Israel Beer Josaphat; 21 July 1816 – 25 February 1899), later ennobled as Freiherr von Reuter (Baron von Reuter), was a German-born British entrepreneur who was a pioneer of telegraphy and news reporting. Reuter set up his "Submarine Telegraph" office in October 1851, and negotiated a contract with the
London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...
to provide stock prices from the continental exchanges in return for access to London prices, which he then supplied to stockbrokers in Paris. In 1865, Reuters in London was the first organization to report the assassination of
Abraham Lincoln Abraham Lincoln ( ; February 12, 1809 – April 15, 1865) was an American lawyer, politician, and statesman who served as the 16th president of the United States from 1861 until his assassination in 1865. Lincoln led the nation thro ...
. The company was involved in developing the use of
radio Radio is the technology of signaling and communicating using radio waves. Radio waves are electromagnetic waves of frequency between 30 hertz (Hz) and 300 gigahertz (GHz). They are generated by an electronic device called a transmi ...
in 1923. It was acquired by the ''British National & Provincial Press'' in 1941, and first listed on the London Stock Exchange in 1984. Reuters began to grow rapidly in the 1980s, widening the range of its business products and expanding its global reporting network for media, financial and economic services: key product launches included Equities 2000 (1987),
Dealing 2000-2 D2000-2 or Reuters Dealing 2000-2 was a software system designed by Reuters for foreign exchange trading. This automated electronic trading system allowed a dealer to enter buy and/or sell prices directly into the system, thereby avoiding the ...
(1992), Business Briefing (1994), Reuters Television for the financial markets (1994), 3000 Series (1996) and the
Reuters 3000 Xtra Reuters 3000 Xtra was an electronic trading platform which was released by Reuters in 1999 and supported until the end of 2013. It was typically used by professional traders and financial analysts in trading rooms. It was superseded by the Eiko ...
service (1999).


Thomson acquisition of Reuters

The Thomson Corporation acquired Reuters Group plc to form Thomson Reuters on April 17, 2008. Thomson Reuters operated under a
dual-listed company A dual-listed company or DLC is a corporate structure in which two corporations function as a single operating business through a legal equalization agreement, but retain separate legal identities and stock exchange listings. Virtually all DLCs ar ...
(“DLC”) structure and had two parent companies, both of which were publicly listed — Thomson Reuters Corporation and Thomson Reuters plc. In 2009, it unified its dual listed company structure and stopped its listing on the London Stock Exchange and NASDAQ. As of October 2022, it is listed only as Thomson Reuters Corporation on the
New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed ...
and
Toronto Stock Exchange The Toronto Stock Exchange (TSX; french: Bourse de Toronto) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in the ...
(symbol: TRI). Thomson Reuters was ranked first in Interbrand's 2010 ranking of Canadian corporate brands. In February 2013, Thomson Reuters announced it would cut 2,500 jobs to cut costs in its legal, financial and risk divisions. In October 2013, Thomson Reuters announced it would cut another 3,000 jobs, mostly in those same three divisions.


Market position and Thomson Reuters merger antitrust review

The Thomson-Reuters merger transaction was reviewed by the
U.S. Department of Justice The United States Department of Justice (DOJ), also known as the Justice Department, is a federal executive department of the United States government tasked with the enforcement of federal law and administration of justice in the United State ...
and by the
European Commission The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body ...
. On February 19, 2008, both the Department of Justice and the Commission cleared the transaction subject to minor divestments. The Department of Justice required the parties to sell copies of the data contained in the following products: Thomson's WorldScope, a global fundamentals product; Reuters Estimates, an earnings estimates product; and Reuters Aftermarket (Embargoed) Research Database, an analyst research distribution product. The proposed settlement further requires the licensing of related intellectual property, access to personnel, and transitional support to ensure that the buyer of each set of data can continue to update its database so as to continue to offer users a viable and competitive product. The European Commission imposed similar divestments: according to the commission's press release, "the parties committed to divest the databases containing the content sets of such financial information products, together with relevant assets, personnel and customer base as appropriate to allow purchasers of the databases and assets to quickly establish themselves as a credible competitive force in the marketplace in competition with the merged entity, re-establishing the pre-merger rivalry in the respective fields." These remedies were viewed as very minor given the scope of the transaction. According to the ''Financial Times'', "the remedy proposed by the competition authorities will affect no more than $25m of the new Thomson Reuters group’s $13bn-plus combined revenues." The transaction was cleared by the Canadian Competition Bureau. In November 2009, the European Commission opened formal antitrust proceedings against Thomson Reuters concerning a potential infringement of the EC Treaty's rules on abuse of a dominant market position (Article 82). The Commission investigated Thomson Reuters' practices in the area of real-time market datafeeds, and particularly, whether customers or competitors were prevented from translating Reuters Instrument Codes (RICs) to alternative identification codes of other datafeed suppliers (so-called 'mapping') to the detriment of competition. In December 2012, the European Commission adopted a decision that renders legally binding the commitments offered by Thomson Reuters to create a new licence ("ERL") allowing customers, for a monthly fee, to use Reuters Instrument Codes (RICs) in applications for data sourced from Thomson Reuters' real time consolidated datafeed competitors to which they have moved.


Reuters purchase process

Historically, no single individual has been permitted to own more than 15% of Reuters, under the first of the Reuters Principles, which states, "Reuters shall at no time pass into the hands of any one interest, group or faction." However, that restriction was waived for the purchase by Thomson, whose family holding company, the Woodbridge Company currently owns 53% of the enlarged business. Robert Peston, business editor at
BBC News BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs in the UK and around the world. The department is the world's largest broad ...
, stated that this has worried Reuters journalists, both because they are concerned that Reuters' journalism business will be marginalized by the financial data provision business of the combined company, and because of the threat to Reuters's reputation for unbiased journalism by the appearance of one majority shareholder. Pehr Gyllenhammar, Chairman of the Reuters Founders Share Company, explained that the Reuters Trust's First Principle had been waived for the Thomson family because of the poor financial circumstances that Reuters had been in, stating, "The future of Reuters takes precedence over the principles. If Reuters were not strong enough to continue on its own, the principles would have no meaning." He stated, not having met David Thomson but having discussed the matter with Geoff Beattie, the president of Woodbridge, that the Thomson family had agreed to vote as directed by the Reuters Founders Share Company on any matter that the trustees might deem to threaten the five principles of the Reuters Trust. Woodbridge will be allowed an exemption from the First Principle as long as it remains controlled by the Thomson family.


Commercial products and activities


Operations

The chief executive of the combined company is James C. Smith, who was the chief executive for the professional division, and the Chairman is David Thomson. In 2018, the company was organized around four divisions: Legal, Reuters News Agency, Tax & Accounting, and Government. Former divisions: Intellectual Property & Science, Financial & Risk, Thomson Healthcare, and Scholarly &
Scientific Science is a systematic endeavor that builds and organizes knowledge in the form of testable explanations and predictions about the universe. Science may be as old as the human species, and some of the earliest archeological evidence for ...
Research. As of 2018, the Financial & Risk division makes for over half of the company's revenue. Thomson Reuters competes with
Bloomberg L.P. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 1 ...
, in aggregating financial and legal news. Thomson Reuters subscriptions compete with open access alternatives, accessible through
open data Open data is data that is openly accessible, exploitable, editable and shared by anyone for any purpose. Open data is licensed under an open license. The goals of the open data movement are similar to those of other "open(-source)" movement ...
and open source aggregators such as
Unpaywall OurResearch, formerly known as ImpactStory, is a nonprofit organization which creates and distributes tools and services for libraries, institutions and researchers. The organization follows open practices with their data (to the extent allowed by ...
, which can help counter the increase in subscription costs (+779% in the 1995–2015 period vs. 58% for the consumer price index).


Acquisitions and divestitures

In 1998, Reuters Group plc acquired Lipper Analytical as a wholly owned subsidiary. Lipper became part of Thomson Reuters in April 2008, following the merger of Thomson Financial and Reuters. (The Lipper Fiduciary Services and Lipper FMI was purchased by Broadridge Financial Solutions in May 2015.) The company has been highly acquisitive, completing over 200 acquisitions between 2008 and 2018. This includes, in July 2009, Thomson Reuters' acquisition of Streamlogics. Founded in 1999, Streamlogics is a provider of customizable, high volume, real time data mining solutions for hundreds of enterprises across several verticals including financial services, technology and health care/life sciences. Streamlogics' webcasting solutions are used for training and certification, marketing and lead generation, and corporate communications. In August of that year, it bought Vhayu Technologies. Vhayu is a provider of
tick Ticks (order Ixodida) are parasitic arachnids that are part of the mite superorder Parasitiformes. Adult ticks are approximately 3 to 5 mm in length depending on age, sex, species, and "fullness". Ticks are external parasites, living by ...
data services, and Thomson Reuters had been distributing its Velocity product under the Reuters Tick Capture Engine label for the four years prior to the acquisition. Additionally, on September 21, 2009, Thomson Reuters bought Hugin Group, the European IR and PR distribution group, from
NYSE Euronext NYSE Euronext, Inc. was a transatlantic multinational financial services corporation that operated multiple securities exchanges, including the New York Stock Exchange, Euronext and NYSE Arca (formerly known as ArcaEx). NYSE merged with Archi ...
. Terms have not been disclosed, but it has been reported in Danish newspapers that the price was between €40 million and €42m. It also bought the Abacus software business from
Deloitte Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of professio ...
, a provider of corporate taxation software for the U.K.,
Ireland Ireland ( ; ga, Éire ; Ulster Scots dialect, Ulster-Scots: ) is an island in the Atlantic Ocean, North Atlantic Ocean, in Northwestern Europe, north-western Europe. It is separated from Great Britain to its east by the North Channel (Grea ...
, the
Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...
,
New Zealand New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island count ...
, and
Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta i ...
, as well as Indirect Tax Reporting software for 20 E.U countries. Terms of the transaction were not disclosed. In October, Thomson Reuters acquired Breaking Views. In November, The Tax & Accounting business acquired Sabrix, Inc, a global provider of transaction tax management software applications and related services. Also, in 2009, Thomson Reuters sold the '' Physician's Desk Reference'' to
Lee Equity Partners Lee Equity Partners is an American private equity firm focused on growth capital investments in middle-market companies across a range of industries. The firm, which is based in New York City, was founded in 2006 by Thomas H. Lee, the notable p ...
. In January 2010, Thomson Reuters acquired Discovery Logic and subsequently, in February, Aegisoft LLC to improve their electronic trading capabilities by offering direct market access. Also in February, it acquired the legal ranking system Super Lawyers. In May 2010, it acquired Point Carbon A/S, a Norwegian company that provides news and trading analytics for the energy and environmental markets. Also in May, it acquired the Brazilian legal publisher Revista dos Tribunais. In June, it acquired Complinet, a compliance software company. In October of that year, it acquired Serengeti Law, a matter management and ebilling system. On November 22, 2010, it acquired the legal process outsourcing (LPO) provider
Pangea3 Pangea3 is a legal outsourcing services provider with headquarters in New York City, Noida, Bangalore and Mumbai, India. Pangea3 provides legal services and intellectual property services to in-house counsel in U.S., European and Japanese corpo ...
. Financial Terms of the deal were not disclosed. It also acquired the banking data and analytic provider Highline Financial, and GeneGo, a supplier of systems biology databases, software and services. On June 20, 2011, Thomson Reuters acquired CorpSmart from Deloitte. On July 18, it acquired Manatron from
Thoma Bravo Thoma Bravo, LP, is an American private equity and growth capital firm with offices in San Francisco, Chicago and Miami. It is known for being particularly active in acquiring software companies and has over $114 billion in assets under manage ...
. In August, Thomson Reuters acquired
GFMS GFMS (formally Gold Fields Mineral Services) are research and consultancy company for the precious metal markets. Since 2011 they have been part of Thomson Reuters. As well as other commodities, they research gold, silver, platinum, palladium, and ...
. On December 8, Thomson Reuters acquired Emochila, a website development firm founded by Chad Brubaker and Justin Curzi in the tax and accounting space, in order to further integrate its CS suite of products onto a cloud-based platform. In January 2012, Thomson Reuters acquired Dr Tax, which, according to its press release, was "Canada's largest independently owned developer of income tax software for accounting firms and consumers." Dr Tax's product line includes DT MAX, a tax compliance software for accounting firms, and its consumer tax preparation software, UFile and ImpôtExpert. In February, the company acquired RedEgg, a provider of media intelligence solutions for public relations and marketing professionals. On March 22, it acquired BizActions, a digital newsletter and Web marketing providers for accounting firms in North America On June 8, 2012, Apsmart, a London-based company specializing in design and development of mobile solutions, became the next organization to be acquired. On June 25, 2012, Reuters obtained Zawya Limited, a regional provider of business intelligence and unique tools for financial professionals in the Middle East and North Africa . On July 10, 2012, Thomson Reuters acquired FX Alliance Inc, an independent provider of electronic foreign exchange trading services to corporations and asset managers. In July, it also acquired Dofiscal On July 26, 2012, Thomson Reuters announced acquisition of
MarkMonitor MarkMonitor Inc. is an American software company founded in 1999. It develops software intended to protect corporate brands from Internet counterfeiting, fraud, piracy, and cybersquatting. It also develops and publishes reports on the prevalence ...
, a San Francisco-based company specializing in internet brand protection software and services. On January 3, 2013, Thomson announced that it was to acquire
Practical Law Company Practical Law, a division of West Publishing Corporation, is a legal publishing company which provides legal know-how for business lawyers. It also acts as secretariat for the GC100 group of general counsel A general counsel, also known as chie ...
, the London-based provider of practical legal know-how and workflow tools to law firms and corporate law departments. Practical Law Company has more than 750 employees, with principal operations in London and New York, and will be part of the Legal business of Thomson Reuters. On April 16, 2013, Thomson Reuters acquired Select TaxWorks Assets of RedGear Technologies. On June 6, 2013, Thomson Reuters acquired Pricing Partners, a provider of OTC Derivatives Pricing Analytics and independent valuation. On July 2, 2013, Thomson Reuters acquired the foreign exchange options business of Tradeweb. On August 16, 2013, Thomson Reuters acquired the foreign exchange options risk management technology provider SigmaGenix. On August 18, 2013, Thomson Reuters acquired a majority stake in Omnesys Technologies and acquired completely the company on September 16, 2013 In August, it also acquired WeComply. On September 10, 2013, Thomson Reuters acquired the CPE and CPA Division of Bisk Education Inc and Kortes. On October 23, 2013, Thomson Reuters acquired Entagen, acquiring the Cortellis family of products for drug pipeline, deals, patents, and company content. On December 10, 2013, Thomson Reuters acquired Avedas and expands its scholarly-research analytics solution. In February 2014, Thomson Reuters acquired Brazil's Domínio Sistemas, a company focused on developing accounting solutions. On July 1, 2014, Thomson Reuters acquired UBS Convertible Indices. In October 2014, Thomson Reuters sold its PE/VC media assets (including PEHub and '' Venture Capital Journal'') to UCG. In January 2015, Thomson Reuters acquired K'Origin. In September 2015, Thomson Reuters acquired Business Integrity Ltd. In April 2016, Thomson Reuters acquired Wm Reuters Foreign Exchange benchmarks from State Street Corporation. In July 2016, Thomson Reuters announced it would be selling its Intellectual Property and Science business (including Web of Science,
MarkMonitor MarkMonitor Inc. is an American software company founded in 1999. It develops software intended to protect corporate brands from Internet counterfeiting, fraud, piracy, and cybersquatting. It also develops and publishes reports on the prevalence ...
and
EndNote A note is a string of text placed at the bottom of a page (paper), page in a book or document or at the end of a chapter, volume, or the whole text. The note can provide an author's comments on the main text or citations of a reference work in ...
) to
private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a t ...
funds; the newly independent business is Clarivate Analytics. In January 2017, Thomson Reuters acquired REDI allowing Thomson Reuters to incorporate an advanced, cross-asset execution management system (EMS) into its buy-side trading capabilities and deliver integrated trading workflow solutions to the buy-side community. In March 2017, Thomson Reuters acquired the Avox and Clarient businesses from DTCC. In January 2018, Thomson Reuters announced it was divesting its financial and risk unit to U.S. private equity firm, the
Blackstone Group Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate bu ...
. Thomson Reuters will retain 45% of the divested unit, keep the Reuters brand, and will continue to deliver Reuters news and editorial content to the new divested unit. The joint venture will be branded as
Refinitiv Refinitiv is an American-British global provider of financial market data and infrastructure. The company was founded in 2018. It is a subsidiary of London Stock Exchange Group after a US$27 billion sale from previous owners Blackstone Group LP ...
. The deal will fund the Reuters business for the next 30 years. David Thomson is said to oppose the deal, and the transaction was approved by the EU commission on July 23, 2018. The Lipper Fund Awards, retained from the company's 1998 acquisition of Lipper Analytical, also transferred from Reuters to Refinitiv. In October 2018, Thomson Reuters announced the future acquisition o
Integration Point
an international leader in global trade management (GTM) operations. In November 2019, the company acquired global legal market research analyst firm Acritas. In April 2022, Thomson Reuters acquired Gestta Technology Ltda, an accounting automation software, formerly part of the Redspark Group.


Sponsorships

Thomson Reuters has sponsored Canadian golf champion
Mike Weir Michael Richard Weir, (born May 12, 1970) is a Canadian professional golfer. He currently plays on the PGA Tour Champions. He spent over 110 weeks in the top-10 of the Official World Golf Ranking between 2001 and 2005. He plays golf left-handed ...
and the AT&T Williams
Formula One Formula One (also known as Formula 1 or F1) is the highest class of international racing for open-wheel single-seater formula racing cars sanctioned by the Fédération Internationale de l'Automobile (FIA). The World Drivers' Championship, ...
team. It also sponsors
Marketplace A marketplace or market place is a location where people regularly gather for the purchase and sale of provisions, livestock, and other goods. In different parts of the world, a marketplace may be described as a '' souk'' (from the Arabic), ' ...
, a radio show from
American Public Media American Public Media (APM) is an American company that produces and distributes public radio programs in the United States, the second largest company of its type after NPR. Its non-profit parent, American Public Media Group, also owns and o ...
. Thomson Reuters, among other media corporations, also donated hundreds of thousands of dollars to the Clinton Foundation.


Involvement with U.S. mass surveillance

In November 2019, two groups of legal scholars and
human rights activists A human rights defender or human rights activist is a person who, individually or with others, acts to promote or protect human rights. They can be journalists, environmentalists, whistleblowers, trade unionists, lawyers, teachers, housing camp ...
called on Thomson Reuters to cease providing
U.S. Immigration and Customs Enforcement The U.S. Immigration and Customs Enforcement (ICE) is a federal law enforcement agency under the U.S. Department of Homeland Security. ICE's stated mission is to protect the United States from the cross-border crime and illegal immigration tha ...
and
Palantir Technologies Palantir Technologies is a public American software company that specializes in big data analytics. Headquartered in Denver, Colorado, it was founded by Peter Thiel, Nathan Gettings, Joe Lonsdale, Stephen Cohen, and Alex Karp in 2003. The compa ...
access to information through
Westlaw Westlaw is an online legal research service and proprietary database for lawyers and legal professionals available in over 60 countries. Information resources on Westlaw include more than 40,000 databases of case law, state and federal statu ...
, which has enabled the
deportation Deportation is the expulsion of a person or group of people from a place or country. The term ''expulsion'' is often used as a synonym for deportation, though expulsion is more often used in the context of international law, while deportation ...
of
illegal immigrants Illegal immigration is the migration of people into a country in violation of the immigration laws of that country or the continued residence without the legal right to live in that country. Illegal immigration tends to be financially upwa ...
. A company representative replied that Thomson Reuters will help the American government and police in active criminal investigations and against threats to national security or public safety. In February 2020, a group of Thomson Reuters shareholders criticized the company's involvement with ICE for immigrant tracking. In 2020, three Reuters investigative journalists, Raphael Satter, Christopher Bing and Jack Stubbs, who were conducting an investigation about a hack-for-hire company based in India, forcefully took a photograph of Kumar, a small scale Indian herbal businessman for an alleged hacker Sumit Gupta of Belltrox. Kumar had showed his identity proof that he is not the alleged hacker but one of the three journalists took his photograph and used in their story. The businessman was questioned by the police, his reputation damaged, suffered business loss and later relocated to a small town. Reuters later admitted to an error of mistaken identity caused by the businessman’s sharing of same address with the alleged hacker.


See also

*
List of news agencies News agencies were created to provide newspapers with information about a wide variety of news events happening around the world. Initially the agencies were meant to provide the news items only to newspapers, but with the passage of time the rapidl ...
*
List of companies named after people This is a list of companies named after people. For other lists of eponyms (names derived from people) see Lists of etymologies. All of these are named after founders, co-founders and partners of companies, unless otherwise stated. # * 20th Ce ...
*
Companies listed on the Toronto Stock Exchange (T) T See also *Toronto Stock Exchange *List of Canadian companies *S&P/TSX Composite Index The S&P/TSX Composite Index is the benchmark Canadian index, representing roughly 70% of the total market capitalization on the Toronto Stock Exchange (T ...
*
Dual-listed company A dual-listed company or DLC is a corporate structure in which two corporations function as a single operating business through a legal equalization agreement, but retain separate legal identities and stock exchange listings. Virtually all DLCs ar ...
*
List of client portals This is a list of Client portal software. For information on the subject, see Client portal. Client portals ClinkedPortalstackHubshare USAHubshare CanadaHubshare International*Huddle * Hyperoffice * ShareFile * Thomson Reuters NetClient CS * Zoho ...
* List of companies based in New York City * Software industry in Telangana ;Related * Thomson Reuters Citation Laureates *
Thomson Reuters Business Classification The Refinitiv Business Classification (TRBC) is an industry classification of global companies. It was developed by the Reuters Group under the name Reuters Business Sector Scheme (RBSS), was rebranded to Thomson Reuters Business Classification ( ...
* Thomson Reuters Messenger *
Thomson Reuters Indices Refinitiv Indices is a line of indices and index services from Refinitiv: * Country and Region Indices * "Alpha-creating" "Indices" * Custom Indices * Calculation Services Country & Region Indices Refinitiv Country & Region Indices include 51 cou ...
* Thomson Reuters/CoreCommodity CRB Index *
Thomson Reuters league tables Refinitiv is an American-British global provider of financial market data and infrastructure. The company was founded in 2018. It is a subsidiary of London Stock Exchange Group after a US$27 billion sale from previous owners Blackstone Group L ...
*
Thomson Reuters Realized Volatility Index The Thomson Reuters Realized Volatility Index is a newly developed stock market index from Thomson Reuters Indices. It measures and forecasts realized volatility at a variety of time horizons – from one day to several months. Function This i ...
*
Thomson Reuters Foundation Thomson Reuters Foundation is a London-based charitable arm of Thomson Reuters, a Canadian news conglomerate. The Foundation is registered as a charity in the United States and United Kingdom and is headquartered in Canary Wharf, London. Anton ...


References


Further reading

* * * * * "CEO Glocer Is Under Pressure After Restructuring Backed by Controlling Family".


External links

* {{authority control Financial services companies established in 2008 Companies listed on the New York Stock Exchange Companies listed on the Toronto Stock Exchange Mass media companies of Canada Financial data vendors Bibliographic database providers S&P/TSX 60 2008 establishments in Ontario Canadian companies established in 2008 Mass media companies established in 2008 Multinational companies headquartered in Canada Family-owned companies of Canada Companies based in Toronto