The Rumor Mill

ON BALANCE

Everyone is buzzing this week about the Reuters-Telerate rumors (see page 1). Every time a rumor comes up, a reader asks whether we will cover it. So this seems like a good time to explain how we handle rumors in Inside Market Data.

Our first and foremost priority is accuracy. Thus, when we hear that Company A is doing X, we immediately call A and ask if it’s true. Sometimes we get a straight yes and an interview and we have a story. It’s usually not so easy; most often we hear, "No comment."

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