Standard & Poor's Corp. Announces News Service And Client

THIS WEEK'S LEAD STORIES

After months of hedging, Standard & Poor's Corp. has announced the launch of a news service designed to compete with Dow Jones News Service, (IMD, Nov. 27, 1989). St. Louis-based brokerage Edward D. Jones is the first announced subscriber to the S&P service.

Called S&P News, the service delivers business and financial news to the brokerage community, a market that "has been relying on a single source for news," says Jeffrey Bell, S&P group vice president for retail investor services. He says

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