Telerate Inc. reported 6% drop in second-quarter net income, apparently first quarterly decline in earnings firm has posted. Net slumped to $21.8 million, despite 13% jump in sales to $126.7 million. Firm attributes profit drop to capital spending on computer enhancements and start-up costs related to Telerate International Quotations system and Telerate Trading Service.
Ian P. Sharp quit as president and chief executive of Reuters Holdings PLC's I.P. Sharp Associates subsidiary. Chairman Pet
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails