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Bad News Crosses Reuters' Wire
As the global information recession drags on, now venerable financial data conglomerate Reuters finds itself the subject of takeover rumors. The company's market capitalization has hit new lows on the heels of profit warnings.
The company, which depends heavily on trader subscribers for its pricey news and data services, saw the number of these subscribers drop 9% in the first half of the year, according to analysts at USB Warburg, with a 14% decline forecasted by year's end. The company's market cap, about $20 billion last Janaury is now about $2 billion.
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