Thomson Reuters

Definition

Thomson Reuters is a multinational media and information firm headquartered in Toronto, Canada. The company was formed in 2008 when the Thomson Corporation acquired Reuters Group. Thomson Reuters encompasses a diverse portfolio that includes news media, professional information services, and specialized software tools. Its primary focus areas include legal, tax and accounting, scientific research, and financial markets.

Examples

Reuters News: As a major news service, Reuters provides real-time news and multimedia content to media organizations and businesses around the globe.
Westlaw: A widely-used online legal research service packed with law reports, legal commentaries, and analysis for legal practitioners.
Eikon: A financial information platform offering data, analytics, and trading support tools to financial professionals.
Thomson Reuters Tax & Accounting: This division provides software and solutions to help accountants and tax professionals manage compliance and reporting.

Frequently Asked Questions (FAQs)

Q: What industries does Thomson Reuters serve?

A: Thomson Reuters serves professionals in legal, tax and accounting, financial and risk management, media, and scientific research industries.

Q: What does Reuters specialize in?

A: Reuters specializes in multimedia news provision, including text, video, and pictures delivered in real-time.

Q: How can I access Thomson Reuters legal resources?

A: Thomson Reuters legal resources such as Westlaw can be accessed through subscription-based services.

Q: Does Thomson Reuters provide financial data?

A: Yes, products like Eikon deliver comprehensive financial data, analytic tools, and trading solutions.

Q: Is Thomson Reuters involved in scientific research?

A: Yes, Thomson Reuters provides information and solutions supporting scientific research, including data analytics and workflow tools.

Westlaw: An online legal research service provided by Thomson Reuters offering extensive resources including case law, statutes, and legal commentaries.
Eikon: A financial information platform by Thomson Reuters that provides real-time market data, analysis tools, and trading support.
Reuters: A global news agency under Thomson Reuters, providing timely and accurate news coverage across multiple media channels.
Thomson Corporation: A major information services company that merged with Reuters Group in 2008 to form Thomson Reuters.

Online References

Suggested Books for Further Studies

Trust Principles: The U.K. Reuters and Thomson Legacy by Oliver Boyd-Barrett
Reuters: Our World Now by Reuters
The Power of News: The History of Reuters, 1849-1989 by Donald Read
Fluent in 3 Months by Kusters Benny (for understanding the global language and communication aspect relevant to international news agencies)

Fundamentals of Thomson Reuters: Media Organisation Basics Quiz

### What is Thomson Reuters primarily known for? - [ ] Manufacturing consumer electronics - [x] Providing news and professional information services - [ ] Producing pharmaceuticals - [ ] Retail banking > **Explanation:** Thomson Reuters is known for providing news, legal, and professional information services across various industries. ### Which platform by Thomson Reuters is widely used for online legal research? - [ ] Eikon - [x] Westlaw - [ ] FactSet - [ ] Bloomberg > **Explanation:** Westlaw is the online legal research service provided by Thomson Reuters, offering extensive legal resources and tools. ### In which year was Thomson Reuters formed? - [ ] 2000 - [x] 2008 - [ ] 2015 - [ ] 1999 > **Explanation:** Thomson Reuters was formed in 2008 following the merger of the Thomson Corporation and Reuters Group. ### What type of solutions does Thomson Reuters Tax & Accounting provide? - [x] Software and compliance solutions - [ ] Hardware manufacturing - [ ] Retail consulting - [ ] Pharmaceutical solutions > **Explanation:** Thomson Reuters Tax & Accounting provides software and solutions to help with tax compliance, reporting, and accounting. ### Which platform offers financial data and analytics tools by Thomson Reuters? - [x] Eikon - [ ] Westlaw - [ ] QuickBooks - [ ] Bloomberg Terminal > **Explanation:** Eikon is a financial information platform by Thomson Reuters that offers data, analytics, and trading support tools. ### Which global news agency is part of Thomson Reuters? - [ ] Bloomberg - [ ] CNN - [x] Reuters - [ ] AP News > **Explanation:** Reuters is the global news agency that is part of Thomson Reuters, providing real-time news and multimedia content. ### What is the primary focus of Reuters? - [ ] Manufacturing - [ ] Retail Sales - [x] News and multimedia content - [ ] Education > **Explanation:** Reuters focuses on providing real-time news and multimedia content across various industries. ### Where is the headquarters of Thomson Reuters located? - [ ] New York - [x] Toronto, Canada - [ ] London, UK - [ ] Sydney, Australia > **Explanation:** Thomson Reuters is headquartered in Toronto, Canada. ### Does Thomson Reuters operate in publishing scientific journals? - [x] Yes - [ ] No > **Explanation:** Yes, Thomson Reuters also provides information and solutions supporting scientific research, including data analytics and publishing scientific journals. ### Which division of Thomson Reuters provides solutions for accounting compliance and reporting? - [ ] Westlaw - [ ] Reuters News - [x] Thomson Reuters Tax & Accounting - [ ] Shared Research > **Explanation:** Thomson Reuters Tax & Accounting provides software solutions to help with tax compliance and reporting for professionals.

Thank you for embarking on this journey through Thomson Reuters, a major pillar in media and professional services. Good luck with your studies!