Bloomberg Probe A Deep Distraction For Reuters
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NEW YORK--The US federal investigation of Reuters, announced last week, appears to be the result of a long-running undercover operation to ascertain whether the company stole operating code and other confidential information from arch-rival Bloomberg. The inquiry illustrates the ferocity of competition between the two vendors, which have emerged as the two leading players in the market data business.
The apparent seriousness of the matter is a major blow to Reuters, particularly in the US, where
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