Reuters Plans Cutbacks In Marketing, Says Renfrew
THIS WEEK'S LEAD STORIES
Reuters Holdings PLC has placed caps on marketing and research and development expenses, managing director Glen Renfrew told a New York meeting of security analysts.
R&D expenditures will remain at current levels, but there will be cutbacks in marketing, Renfrew said. He declined to quantify the cutbacks, noting that "things must be done before being discussed."
Reuters held the meeting with analysts to discuss its first-half results. In the six months ended June 30, earnings per American
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