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Privately-held Bloomberg generates around 85% of its revenue from its financial terminals, which have become a ubiquitous presence on trading floors from Wall Street to Hong Kong.
WSJ: Bloomberg Taps Ex-IBM Chief Palmisano to Look Into Data Practices
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That company has a 33% market share for financial information terminals, according to Inside Market Data Reference, but the Thomson-Reuters combination should put it just ahead, with 34% of the market.
FORBES: Magazine Article
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Bloomberg financial data terminals into breaking-news gatherers.
FORBES: Goldman Complains About Bloomberg's Electronic Snooping
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Later this month Bloomberg will include this on its financial-information terminals.
ECONOMIST: Disability and business
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To help colorblind users in the trading world, Bloomberg financial-data terminals include plus and minus symbols or up and down arrows to indicate the direction of the market or stock price, says a spokeswoman for Bloomberg LP.
WSJ: New Outlook for Colorblindness
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Isis probably realized all of the headaches involved with managing financial transactions and getting terminals installed in stores, said Woo, from MasterCard.
CNN: Mark Milian
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The idea reminds me of nothing so much as the Bloomberg terminals that you find in financial institutions.
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Bloomberg LP's main business is selling terminals to clients in the financial industry, and it employs more than 2, 400 journalists.
WSJ: Bloomberg editor apologizes on information access
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The vast majority of its business lies instead in selling financial and trading data, along with the terminals that deliver such data.
FORBES: Magazine Article
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The jobs will go in its Financial and Risk unit, responsible for renting out computer terminals to clients such as investment banks.
BBC: Thomson Reuters to cut 2,500 jobs
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Since the New York company was founded by New York City Mayor Michael Bloomberg in 1982, its data terminals have seized a growing share of the lucrative market for financial information.
WSJ: J.P. Morgan Asks Bloomberg for Data on What Information Reporters Had Access to
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"They have very high barriers to entry and financial stability, " says Schulte, noting also that KMP has no problems borrowing to fund new pipelines and terminals.
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