Reuters Falls from Grace
TTW 2002 REVIEW
3.
There was little for Reuters to cheer about in 2002.The year was fraught with major challenges on all fronts. The world’s largest market data vendor endured a beating in the financial markets and saw its stock price drop to new lows. To offset a down economy, it embarked upon a huge cost-cutting program, heavy layoffs and complex product strategies that began to bite into Reuters’ business.
Among the many low points, 2002 will be remembered by the London-based giant as the year that its
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