Thomson Financial buys WorldStreet assets; starts service for bankers.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 ) has acquired the WorldStreet Net technology assets from WorldStreet Corp. (Boston, MA). WorldStreet Net is an Internet-based, peer network service for the 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. industry. No terms were given. Thomson said the acquired service allows a closed community of securities professionals to securely share pre-trade information and ideas. Members only get information relevant to their specific interests. Thomson said the purchase "fits well with (our) strategy of offering an integrated suite of solutions that support the buy and sell-side activities of institutional investors." In related news, Thomson has launched "Thomson ePIB," a Web-based service for investment bankers and financial professionals. The new service collects documents from financial industry databases and assembles a "Personal Information Book" (PIB See NIST binary. ) for subscribers. Content covers 80,000 global companies and comes from in-house sources, third-party sources, and selected proprietary databases. Content covers financial data, news articles, M&A deals, new issues, ownership, daily pricing, block trading activity and research. Also, Thomson said the subsidiary Thomson Financial will not sell the assets it had sought a buyer for since last year. Due to Sept. 11 and a declining advertising market, Thomson said that it was "unable to realize proper value" for the assets. The assets that were to have been sold include American Banker American Banker is a daily newspaper covering the financial services industry. Founded in 1835 and based in New York, American Banker's 70 reporters and editors in six cities monitor developments and breaking news affecting banks. , The Bond Buyer, Securities Industry News, 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 Magazine, Sheshunoff Banking and Nelson Information. |
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