HOME

TheInfoList




Thomson Reuters Corporation () is a Canadian-American
multinational Multinational may refer to: * Multinational corporation, a corporate organization operating in multiple countries * Multinational force, a military body from multiple countries * Multinational state, a sovereign state that comprises two or more nat ...
media conglomerate A media conglomerate, media group, or media institution is a company A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal personality, legal or a mix ...
. The company was founded in
Toronto Toronto (, ) is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a recorded population of 2,731,571 in 2016 in 2016, it is the List of the largest municipalities in Canada by population, most p ...

Toronto
,
Ontario ("Loyal she began, loyal she remains") , Label_map = yes , image_map = Ontario in Canada 2.svg , map_alt = Map showing Ontario's location east/central of Canada. , coordinates = , cap ...

Ontario
, Canada, where it is headquartered at the
Bay Adelaide Centre The Bay Adelaide Centre is an office complex in the Financial District, Toronto, 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 ...
. 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 International Thomson Organization (ITO) was a company that existed from 1978 ...
's purchase of the British company
Reuters Group Reuters Group plc was a British multinational Multinational may refer to: * Multinational corporation, a corporate organization operating in multiple countries * Multinational force, a military body from multiple countries * Multinational stat ...
in April 2008 and is majority owned by
The Woodbridge Company The Woodbridge Company Limited is a Canadian Canadians (french: Canadiens) are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connect ...
, 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 familyThomson may refer to: Names * Thomson (surname), a list of people with this name and a description of its origin * Thomson baronets, four baronetcies created for persons with the surname Thomson Businesses and organizations * SGS-Thomson M ...
.


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 Timmins ( ) is a city in northeastern Ontario , Label_map = yes , image_map = Ontario in Canada 2.svg , map_alt = Map showing Ontario's loca ...
''. In 1953, Thomson acquired the ''
Scotsman The Scottish people ( sco, Scots Fowk; gd, Albannaich, ang, Scottas) or Scots are a nation and ethnic group native to Scotland. Historically, they emerged from an amalgamation of two Celtic languages, Celtic-speaking peoples, the Picts and G ...
'' 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 pro ...
for
Scottish Television Scottish Television (now, legally, known as STV Central Limited) is the ITV ITV or iTV may refer to: ITV *Independent Television (ITV), a British television network, consisting of: **ITV (TV network), a free-to-air national commercial televi ...
. In 1959, he bought the Kemsley Group, a purchase that eventually gave him control of the ''
Sunday Times ''The Sunday Times'' is a British newspaper whose circulation makes it the largest in the quality press Quality press is a category of British newspapers in national circulation distinguished by their seriousness. The category used to be calle ...
''. He separately acquired the '' Times'' in 1967. He moved into the airline business in 1965, when he acquired
Britannia Airways Britannia Airways was a charter airline Air charter is the business of renting an entire aircraft (i.e., chartering) as opposed to individual aircraft seats (i.e., purchasing a airline ticket, ticket through a traditional airline). Regulation ...
and into oil and gas exploration in 1971 when he participated in a consortium to exploit reserves in the
North Sea The North Sea is a sea The sea, connected as the world ocean or simply the ocean The ocean (also the sea or the world ocean) is the body of salt water which covers approximately 71% of the surface of the Earth.
. In the 1970s, following the death of Thomson, the company withdrew from national newspapers and broadcast media, selling the ''Times'', the ''Sunday Times'' and Scottish Television and instead moved into publishing, buying
Sweet & Maxwell Sweet & Maxwell is a United Kingdom, British publisher specialising in legal publications. It joined the Associated Book Publishers in 1969; ABP was purchased by the International Thomson Organization in 1987, and is now part of Thomson Reuters. I ...
in 1988. The company at this time was known as the
International Thomson Organisation International Thomson Organization (ITO) was a company that existed from 1978 to 1989. It was formed as a reorganisation of the Thomson Organization, which had been founded by Roy Thomson, 1st Baron Thomson of Fleet (Lord Thomson of Fleet; 1894–1 ...
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 ha ...
, a purveyor of legal research and solutions including
Westlaw Westlaw is an online legal research service and proprietary database A database is an organized collection of data Data are units of information Information can be thought of as the resolution of uncertainty; it answers the question ...
.


Reuters Group

The company was founded by
Paul Julius Reuter Paul Julius Reuter (born Israel Beer Josaphat; 21 July 1816 – 25 February 1899), later titled as Freiherr von Reuter (Baron von Reuter), was a German-born British entrepreneur who was a pioneer of telegraphy Telegraphy is the long-dist ...
in 1851 in London as a business transmitting stock market quotations. 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 A stock exchange, securities exchange, or bourse is an exchange Exchange may refer to: Places United States * Exchange, Indiana Exchange is an Unincorporated area, unincorporated community ...
to provide stock prices from the continental exchanges in return for access to London prices, which he then supplied to stockbrokers in Paris, France. 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 statesman and lawyer who served as the 16th president of the United States The president of the United States (POTUS) is the head of state and head of governme ...

Abraham Lincoln
. The company was involved in developing the use of
radio Radio is the technology of signaling and telecommunication, 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 ...

radio
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 (1992), Business Briefing (1994), Reuters Television for the financial markets (1994), 3000 Series (1996) and the Reuters 3000 Xtra 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 A corporation is an organization—usually a group of people or a company A company, abbreviated as co., is a legal entity In law, a legal person is a ...
(“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 The Nasdaq Stock Market () is an American stock exchange A stock exchange, securities exchange, or bourse is an exchange Exchange may refer to: Places United States * Exchange, Indiana Exchange is an Unincorporated area, unincorpora ...
. It is now 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 A stock exchange, securities exchange, or bourse is an exchange Exchange may refer to: Places United States * Exchange, Indiana Exchange is an U ...

New York Stock Exchange
and
Toronto Stock Exchange The Toronto Stock Exchange (TSX; french: Bourse de Toronto) is a stock exchange in Toronto Toronto is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a recorded population of 2,731,571 in 201 ...

Toronto Stock Exchange
(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 and by the
European Commission The European Commission (EC) is the executive branch The executive is the branch of government exercising authority in and holding Moral responsibility, responsibility for the governance of a State (polity), state. The executive executes a ...

European Commission
. 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 in particular 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 The British Broadcasting Corporation (BBC) is a public service broadcaster Public broadcasting involves radio Radio is the technology of signali ...

BBC News
, 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 Pehr Gustaf Viktor Gyllenhammar (23 April 1901 – 22 November 1988) was a Sweden, Swedish insurance company executive. He completed a law degree from Stockholm University in 1925, and became CEO of the insurance company Svenska Skeppshypotekskassa ...
, 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. The company in 2018 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 enterprise that Scientific method, builds and organizes knowledge in the form of Testability, testable explanations and predictions about the universe."... modern science is a discovery as well as an invention. ...
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 Midtown Manhattan is the central portion of the New York City borough New York City New York City (NYC), often simp ...
, in aggregating financial and legal news. Thomson Reuters subscriptions compete with
open access Open access (OA) is a set of principles and a range of practices through which research Research is "creative and systematic work undertaken to increase the stock of knowledge". It involves the collection, organization and analysis o ...

open access
alternatives, accessible through
open data Open Data is the idea that some data should be freely available to everyone to use and republish as they wish, without restrictions from copyright, patents or other mechanisms of control. The goals of the open-source data movement are similar ...

open data
and
open source Open source is source code that is made freely available for possible modification and redistribution. Products include permission to use the source code, design documents, or content of the product. The open-source model is a decentralized softwa ...
aggregators such as
Unpaywall OurResearch, formerly known as ImpactStory, is a nonprofit organization A nonprofit organization (NPO), also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a ...
, which can help counter the increase in subscription costs (+779% in the 1995–2015 period vs. 58% for the
consumer price index#REDIRECT consumer price index A consumer price index measures changes in the price level of a weighted average market basket of Goods, consumer goods and Services marketing, services purchased by households. A CPI is a statistical estimate con ...
).


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.) Between 2008 and 2018, Thomson Reuters completed over 200 acquisitions. 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 (suborder Ixodida) are parasitic arachnid Arachnida () is a class Class or The Class may refer to: Common uses not otherwise categorized * Class (biology), a taxonomic rank * Class (knowledge representation), a collection of in ...
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 Euro-American Multinational corporation, multinational financial services corporation that operated multiple Stock exchange, securities exchanges, including the New York Stock Exchange, Euronext and NYSE Arca (formerly k ...
. 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 a multinational corporation, multinational professional services network with offices in over 150 countries and territories around the world. Deloitte is one of the Big ...

Deloitte
, 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. It is separated from Great Britain to its east by the North Channel (Great Britain and Ireland), North Channel, the Irish Sea ...

Ireland
, the
Netherlands ) , national_anthem = ( en, "William of Nassau") , image_map = EU-Netherlands.svg , map_caption = , image_map2 = BES islands location map.svg , map_caption2 = , image_map3 ...

Netherlands
,
New Zealand New Zealand ( mi, Aotearoa ''Aotearoa'' (; commonly pronounced by English English usually refers to: * English language English is a West Germanic languages, West Germanic language first spoken in History of Anglo-Saxon Engl ...

New Zealand
, and
Hong Kong Hong Kong (; , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (HKSAR), is a city A city is a large human settlement.Goodall, B. (1987) ''The Penguin Dictionary of Human Geography''. London: Pe ...

Hong Kong
, 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. In January 2010, Thomson Reuters acquired Discovery Logic and subsequently, in February, Aegisoft LLC to improve their electronic trading capabilities by offering
direct market accessDirect market access (DMA) is a term used in financial markets A financial market is a market (economics), market in which people trade financial Security (finance), securities and derivative (finance), derivatives at low transaction costs. Some o ...
. 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 corpora ...
. 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 Private equity (PE) typically refers to investment funds, generally organized as limited partnerships, that buy and restructure companies that are not publicly traded. Private equity is a typ ...
. In August, Thomson Reuters acquired
GFMSGFMS (formally Gold Fields Mineral Services) are research and consultancy company for the precious metal Precious metals are rare, naturally occurring metal A metal (from Ancient Greek, Greek μέταλλον ''métallon'', "mine, qua ...

GFMS
. 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, Canada's largest independently owned developer of income tax software for accounting firms and consumers. 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 o ...
, 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, 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 UBS Group AG is a Swiss multinational and company founded and based in . Co-headquartered in the cities of and , it maintains a presence in all major financial centres as the and the in the world. UBS client services are known for their ...

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 Web of Science (WoS; previously known as Web of Knowledge) is a website that provides subscription-based access to multiple databases that provide comprehensive citation data for many different academic discipline An academic discipline or a ...
,
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 o ...
and
EndNote A note is a string of text placed at the bottom of a page Page most commonly refers to: * Page (paper) A page is one side of a leaf A leaf (plural leaves) is the principal lateral appendage of the vascular plant plant stem, stem, u ...

EndNote
) to
private equity Private equity (PE) typically refers to investment funds, generally organized as limited partnerships, that buy and restructure companies that are not publicly traded. Private equity is a type of equity and one of the asset classes consisti ...
funds; the newly independent business is
Clarivate Analytics Clarivate is a public In public relations Public relations (PR) is the practice of managing and disseminating information from an individual or an organization An organization, or organisation (English in the Commonwealth of Na ...

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 An alternative investment is an investment To invest is to allocate money Image:National-Debt-Gillray.jpeg, In a 1786 James Gillray caricature, the plentiful money bags handed to Ki ...
. 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 London Stock Exchange Group plc (LSEG) is a United Kingdom-b ...
. 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.


Sponsorships

Thomson Reuters has sponsored Canadian golf champion
Mike Weir Michael Richard Weir, (born May 12, 1970) is a Canadian professional golfer A professional golfer is somebody who receives payments or financial rewards in the sport of golf that are directly related to their skill or reputation. A person who ...
and the AT&T Williams
Formula One Formula One (also known as Formula 1 or F1) is the highest class of international racing for single-seater An open-wheel car (formula car, or often single-seater car in British English) is a car with the wheels outside the car's main body ...
team. It also sponsors
Marketplace fa:بازار A market, or marketplace, 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 market place may be described as a ''souk'' (from the ...
, a radio show from
American Public Media American Public Media (APM) is the second largest producer Producer or producers may refer to: Occupations *Producer (agriculture), a farm operator *Film producer, oversees the making of films *A stakeholder of economic production *Executive pro ...
. Thomson Reuters, among other media corporations, also donated hundreds of thousands of dollars to the
Clinton Foundation The Clinton Foundation (founded in 1997 as the William J. Clinton Presidential Foundation, and renamed in 2013 as the Bill, Hillary & Chelsea Clinton Foundation) is a nonprofit organization A nonprofit organization (NPO), also known as a n ...
.


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, whistle-blowers, trade unionists, lawyers, teachers, housing ...
called on Thomson Reuters to cease providing U.S. Immigration and Customs Enforcement and
Palantir Technologies Palantir Technologies is a Public company, 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 (entrepreneur), Steph ...
access to information through
Westlaw Westlaw is an online legal research service and proprietary database A database is an organized collection of data Data are units of information Information can be thought of as the resolution of uncertainty; it answers the question ...
, which has enabled the
deportation Deportation is the expulsion of a person or group of people from a place or country A country is a distinct territorial body or political entity A polity is an identifiable political entity—any group of people who have a collective i ...
of
illegal immigrants Illegal immigration refers to the migration of people into a country in violation of the immigration law Immigration law refers to the national statuteA statute reffers to the body of law that are made by legislature of the nation with instrumen ...
. 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.


See also

* List of news agencies *
List of companies named after people This is a list of Company, companies namesake, 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 state ...
*
Companies listed on the Toronto Stock Exchange (T) T See also *Toronto Stock Exchange *List of Canadian companies *S&P/TSX Composite Index External links Toronto Stock Exchange
{{DEFAULTSORT:Companies Listed On The Toronto Stock Exchange (T) Lists of companies listed on the Toronto Stock Ex ...
*
Dual-listed company A dual-listed company or DLC is a corporate structure in which two corporations A corporation is an organization—usually a group of people or a company A company, abbreviated as co., is a legal entity In law, a legal person is a ...
* List of client portals * List of companies based in New York City *
Software industry in Telangana Software is a collection of instructions Instruction or instructions may refer to: Computing * Instruction, one operation of a processor within a computer architecture instruction set * Computer program, a collection of instructions Music * I ...
;Related *
Thomson Reuters Citation Laureates Clarivate Citation Laureates formerly Thomson Reuters Citation Laureates is a list of candidates considered likely to win the Nobel Prize in their respective field. The candidates are so named based on the citation impact of their published researc ...
*
Thomson Reuters Business Classification The Refinitiv Business Classification (TRBC) is an industry classification Industry classification or industry taxonomy is a type of economic taxonomy that organizes companies into Industry (economics), industrial groupings based on similar product ...
* Thomson Reuters Messenger * Thomson Reuters Indices * 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 London Stock Exchange Group plc (LSEG) is a United Kingdom-bas ...
* Thomson Reuters Realized Volatility Index *
Thomson Reuters Foundation Thomson Reuters Foundation is a London-based charitable arm of Thomson Reuters Thomson Reuters Corporation () is a Canadian-American multinational Multinational may refer to: * Multinational corporation, a corporate organization oper ...


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 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