NEW COMPANY ACQUIRES ASSETS FROM MCGRAW--HLL & THOMSON FINANCIAL.A new company, Global Insight Inc. (Waltham, MA), has acquired WEFA WEFA Wharton Econometric Forecasting Associates WEFA Weir Farm National Historic Site (US National Park Service) WEFA Water Earth Fire Air WEFA Women Economic Empowerment Association (Wharton Econometric Forecasting Associates Wharton Economic Forecasting Associates (WEFA) was a world-leading Economics forecasting and consulting organisation founded by Nobel Prize winner Lawrence Klein. WEFA's LINK project, to produce the world's first global macroeconomic model, was mentioned in his citation for ) from Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) and DRI See Digital Research. , an economic information company, from McGraw-Hill Cos. (New York). The new combined operation Noun 1. combined operation - a military operation carried out cooperatively by two or more allied nations or a military operation carried out by coordination of sea, land, and air forces will be called DRI/WEFA Inc. as a unit of Global Insight. No terms of either deal were given. WEFA was acquired by Thomson as part of its purchase of Primark Corp. last September. It was created in 1963 and conducts economic research and pro vides related consulting services. Thomson Financial president/ceo Patrick Tierney said the sale is "in line with (our) strategy to foster those business units that are particularly relevant to our customer base and corporate strategy. WEFA did not fall within this category." Thomson will continue to distribute econometric data through its Datastream Research Services unit. DRI (Data Resources Inc.; Lexington, MA) was created in 1966 and has been a part of McGraw-Hill's Standard & Poor's unit since 1979. McGraw-Hill said the sale is "consistent with our strategy of directing resources to businesses where we have the greatest opportunities for significant financial growth and market leadership." DRI/WEFA will have annual revenues of about $70 million with 400 employees. Global Insight was formed by Joseph Kasputys. Kasputys was ceo of DRI until 1984, ceo of Primark Corp. until its sale to McGraw-Hill last year, and chairman of Thomson Financial until Jan. 1, 2001. |
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