Thomson Reuters in the news

From a Wall Street Journal report:

Thomson Reuters Profit Jumps 93%

. . . WestlawNext, which has been sold to over 24,000 customers since its launch in early 2010 and is helping to offset downward pressure stemming from continuing weakness in business from large law firms. Legal revenue increased 9% to $843 million for ongoing businesses and before currency adjustments.

And this from a story in yesterday’s Financial Times, “Thomsons grow restless over Reuter’s progress,” (p. 17, by David Gelles and Andrew Edgecliffe-Johnson).

. . . the company’s focus is largely on its Eikon platform, which was designed as a rival to the Bloomberg terminal.  Outside observers acknowledge that Eikon was well conceived. “Eikon is a fantastic idea and if they have time it will go far, ” said [Douglas B. Taylor, managing partner at Burton-Taylor International Consulting].  “It won’t be a Bloomberg killer, but it will reset the bar for Thomson Reuters.”

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