The New Fight for Financial News

Thomson Reuters is going hard after Bloomberg, which has long been the marquee name on Wall Street for financial information. The companies are in a dead heat: Thomson Reuters has 34 percent of the market for financial data and Bloomberg 33 percent. Thomson Reuters is a far larger, more diverse company: its strength is delivering electronic data and services to professionals, including lawyers, doctors and scientists. It was Bloomberg, however, that defined the market by providing information unmatched in scope by any other company, married to a disciplined and customer-driven culture.
http://www.nytimes.com/2008/06/23/business/media/23thomson.html?ref=toda...
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