TF, Global Crossing Withdraw Their New Moneyline Investment

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NEW YORK--Thomson Financial and Global Crossing have cancelled plans to invest in Moneyline. Thomson remains a minority investor in the company, says Thomson Financial president and chief executive officer Pat Tierney.

Tierney says Thomson Financial reconsidered its investment after determining that market-related effects of the Sept. 11 disaster presented a higher than anticipated short-term risk potential for the venture. "We saw market conditions for them being somewhat more difficult in the

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