Reuters Greenhouse Fund Makes Investment in Forbes.com; Funding Strengthens Global Expansion Opportunities.Business Editors NEW YORK--(BUSINESS WIRE)--June 21, 2000 Forbes.com, a leading Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the media company, today announced that Reuters Reuters British cooperative news agency. Founded in 1851 by Paul Julius Reuter, it was initially concerned with commercial news but began to serve a growing newspaper clientele after the London Morning Advertiser subscribed in 1858. Group PLC has made an investment in Forbes.com, deepening deep·en tr. & intr.v. deep·ened, deep·en·ing, deep·ens To make or become deep or deeper. Noun 1. deepening - a process of becoming deeper and more profound the existing relationship between the two companies. Reuters made the investment through its Greenhouse Fund, which invests in new content and technology companies and identifies new market opportunities for Reuters. Reuters currently provides content to the Forbes.com Web site from the Reuters Internet Report, a news service specifically focused on the Internet and technology, as well as stock quotes and a selection of other Reuters stories relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc publicly-traded companies, daily stock market activity, IPOs, the Federal Reserve and economic indicators Economic indicators The key statistics of the economy that reveal the direction the economy is heading in; for example, the unemployment rate and the inflation rate. . "Forbes.com welcomes this new strategic alliance, as Reuters Greenhouse Fund has an outstanding track record of investing in successful Internet companies, such as Yahoo!, GO Network and StarMedia," said Timothy Forbes, chairman of the board of Forbes.com. "This investment demonstrates Forbes.com's online leadership position and we look forward to collaborating with Reuters," said Jeffrey M. Killeen, chief executive officer of Forbes.com. "Reuters' expanded role in the growth of Forbes.com will benefit our customers immensely. Its reach is global, and we intend to maximize all our mutual advantages and business opportunities." "We look forward to working with Forbes.com to leverage the synergies of the Greenhouse portfolio, particularly in financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. ," said David Lockwood David Lockwood (The Blackcoated Worker, 1958 & 1989) sought to analyse the changes in the stratification position of the clerical worker by using a framework based on Max Weber's distinction between market and work situations. , joint-CEO, Reuters Greenhouse Fund. "As a premier wealth site on the Web today, Forbes.com increasingly will provide content to e-commerce marketplaces." Terms of the investment were not disclosed. About Forbes.com Inc. Forbes.com Inc. is a leading Internet media company focused on the theme of wealth -- how it is created, how it is managed and how it can be enjoyed. The Forbes.com Web site, located at http://www.forbes.com, provides both business information services See Information Systems. and lifestyle editorial content designed to serve the needs of business leaders, professionals, investors and affluent customers. The site includes Forbes Digital Tool, daily original reporting on the business of technology; Forbes Wires, a real-time business information news service; the complete online editions of Forbes magazine, Forbes Global, Forbes ASAP (chat) asap - As soon as possible. and Forbes FYI "For your information." See digispeak. FYI - For Your Information ; ForbesFinder, a powerful search engine that provides access to all current and archived Forbes content as well as a full Web search engine See Web search engines. ; stock and mutual fund stock quotes and comprehensive company profiles; an expanded online version of the Forbes.com Best of The Web guide; and a wide array of interactive tools, calculators and databases, including the annual Forbes Lists. About Reuters Group PLC Reuters supplies the global financial markets and news media with the widest range of information and news products. It provides news and information to over 900 Internet Web sites reaching an estimated 40 million viewers and generating approximately 140 million page views per month. Reuters provides global solutions and technologies for the financial markets including enterprise-wide integration, market information and data distribution, equity and foreign exchange transactions as well as risk and trade management. It also supplies technologies and portal capabilities for clients to supply their retail customers. Reuterspace concentrates on services in the business-to-business, consumer finance and media markets. Reuters is the world's largest international news and television agency with 2,100 journalists, photographers and camera operators in 184 bureaus serving 154 countries. News is gathered and edited in 23 languages. Instinet, an independently managed subsidiary of Reuters, is the world's largest electronic agency brokerage firm. It covers the equities and fixed income markets. On 31 December 1999, the Group employed 16,546 staff in 212 cities in 97 countries. |
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