Sources at Standard & Poor's Corp. and at financial services companies in New York confirm that S&P is about to launch a news service in direct competition with the Dow Jones News Service known as the Broadtape. Called the S&P News Service, the as yet unannounced service would deliver real-time news to the retail brokerage community. Sources say Mel Beiser is executive editor of the service.
The existence of the unannounced product was confirmed by Terry Schine, who identifies himself as the
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