Thomson’s Revenues Declined in Third Quarter

ORGANIZATION AND STRATEGY

Thomson Financial’s revenues declined by three percent to $380 million in the third quarter from the same quarter in 2001, the company announced last week.

Thomson attributed the fall to continued weakness in the global financial markets and the "continued absence" of activity such as mergers, acquisitions and equity offerings.

In its results statement, the company also noted that customers’ reduced profitability has led to decreased spending, which has led to product cancellations and pressu

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