THOMSON FINANCIAL TO SELL AMERICAN BANKER AND RELATED ASSETS.Thomson Corp. (Toronto, ON) intends to sell certain businesses contained in its 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 Media (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 ) market group. The businesses to be divested include publications, business products and services primarily targeting the commercial banking and financial sectors and their related niche markets. Major businesses and brands to be sold include American Banker, The Bond Buyer, A.S. Pratt, Credit Union Journal, National Mortgage News and Sheshunoff Information Services See Information Systems. . Other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. to be sold focus on the financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and related niche markets, including Financial Planning, On Wall Street, Securities Industry News and Traders Magazine. Thomson Corp. president/ceo Richard Harrington said that, although the assets are "outstanding businesses with strong management and well-established customers and brands," they are primarily print-based, domestic companies and "therefore, do not fit within our vision for Thomson Financial as a leading e-solutions provider to the global financial services industry." Thomson Financial Media president/ceo Patrick Tierney said his company is now focusing on delivering technology and distribution services to the securities industry and that the businesses to be sold "fall outside our strategic core focus." |
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