Reuters

When Reuters almost got it wrong

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Sarajevo – June 28, 1914

100 years have now passed since those two fateful pistol shots rang out in the Bosnian city of Sarajevo. Of the events at Sarajevo that day it could certainly be said that “the rest is history.”

To begin with, the assassination of Archduke Franz Ferdinand, heir to the Austrian throne, and his wife Sophie by “Young Bosnia” activist Gavrilo Princip, age 20, seemed of importance solely to the countries and states directly involved. The objective of Princip and his group was to separate off Austro-Hungary’s southern Slav provinces so that they could be combined into a Greater Serbia or Yugoslavia. But – like a collapsing house of cards –this set off a series of events and alliances which, once begun, was unstoppable. Little more than a month later, Europe was embroiled in the Great War. (more…)

D-Day

D-DAY – June 6, 1944

“I have full confidence in your courage, devotion to duty and skill in battle. We will accept nothing less than full Victory.” -Dwight D. Eisenhower

One Reuters correspondent later recalled:

“Since before daybreak, bombers and fighters had cascaded their cargoes on German gun emplacements and pillboxes, scoured the skies for the Luftwaffe and probed ahead for tactical targets.  This was war in its totality, theatrical and terrifying.  The greatest combined operation in history was underway and this time, I was not just in the stalls but on the stage.” 

Seventy years ago, the Normandy landings, which began on D-Day ( June 6, 1944), marked the beginning of the end of the Second World War. Codenamed “Operation Neptune,” the Allies, under the supreme command of U.S. General Dwight D. Eisenhower, regained a foothold in Western Europe. Many months would pass before Hitler committed suicide, but from this moment, the days of his Third Reich were numbered. (more…)

What just happened, exactly?

Our 2013 Annual Review brings our company story to life by showcasing how we support today’s decision makers by providing global information platforms that are faster, simpler and more connected. You can access the full-report here or check out the complete series of blog posts.

For more than 160 years, Reuters has consistently been a leader with the news that counts. We’ve earned the trust of demanding readers around the globe for both our speed of delivery and, even more crucially, the quality of our content. Today millions of professionals rely on our rigorous, accurate reporting as they make critical business decisions, craft longer-term strategies – and simply make sense of the world.

As the world’s largest independent news organization, Reuters combines journalistic acumen with unmatched contacts to remain a consistent leader in breaking significant news. In May 2013, for example, a Reuters exclusive reported that President Ollanta Humala of Peru, after pushback from global mining companies, would water down his historic reforms extending indigenous land rights. In October we broke the news that former Italian Prime Minister Silvio Berlusconi would not succeed in his plan to topple the coalition government of Enrico Letta. And in December Reuters revealed that Mexican lawmakers had agreed in principle on a draft energy reform bill which would end the decades-long oil and gas monopoly of state-owned Pemex. (more…)

Executive perspectives: Role of news across our business

As the world’s leading news and information company, we not only reach more than a billion people worldwide with our Reuters News coverage, but we also generate and consume news across all of the professions that we serve. For more insight on the importance of news across our business, we talked to several of our leaders to gather their thoughts on how we provide our customers with the news they need, when they need it, regardless of what profession they are in. Here’s what Andrew Rashbass, Chief Executive of Reuters, had to say:

“News matters. It holds politicians to account; it tells us how our taxes are spent; it enables efficient markets; and it satisfies our curiosity about the world around us. In short, news helps society to be free, prosperous and informed. With 2,700 journalists in over 200 locations around the world, Reuters produces more than two million stories, 680,000 pictures and 100,000 videos each year. Our news is viewed by over 1 billion people every day, including more than half a million professionals through our financial, legal and tax and accounting products.

Our customers value our knowledge, speed, accuracy, breadth, freedom from bias and, crucially, our ability to deliver the specific news and the insights they need to help them succeed.”

Check out our other stories on news: (more…)

We’ll have Manhattan….

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I know nothing about boxing. Nevertheless, by browsing the internet I learn that the evening of Wednesday 22 June 1938 saw one of the most famous matches in American history.  Joe Louis, having been knocked out two years earlier in the twelfth round  by German Max Schmeling, evened the score by knocking out Schmeling in round one.

The match took place at the famous Yankee Stadium in New York’s Bronx.  All over the country, Americans, millions of whom had been listening to the match on the radio, went wild with joy. Schmeling, in his autobiography (so I see from Wikipedia), recounted his subsequent ambulance ride to hospital.

As we drove through Harlem, there were noisy, dancing crowds.  Bands had left the nightclubs and bars and were playing and dancing on the sidewalks and streets.  The whole area was filled with celebration, noise and saxophones, continuously punctuated by the calling of Joe Louis’ name. (more…)

Trust across our business – Andrew Rashbass

As a global leader in providing unbiased, accurate and up-to-the-minute news and information to our customers across a variety of professions, it is essential that trust remain a cornerstone of how we do business. For more clarity on trust and its role within each of our businesses, we talked with several of our business leaders to gather their thoughts on the importance of trust in the professional areas we serve.

“Back in 1941, to counter pressure to doctor news for propaganda purposes, Reuters established its famous principles to enshrine our unique approach guaranteeing independence, integrity and freedom from bias. We operate under those same principles today. Unfortunately, they have, if anything, become even more rare and precious over time as countries, companies, moguls and special-interest groups have sought to twist the news for their own purposes.

Our customers may not be able to recite the principles the way we can (or even know they exist) but they feel them in everything we do. They recognise the fact-based accuracy and fairness of our coverage; they notice the lack of bias in our stories devoid of hyperbolic and inflammatory language; they see there are no personal opinions in our news nor the casual assumption of truth of allegations. When we make a mistake, we correct the error quickly, honestly and transparently. It’s that complex web that builds trust. It does not come from an advertising campaign, nor a corporate video, nor from high-minded aspirations on a website. Our kind of trust takes years to build. It is our most valuable asset.”

Read the full article to hear more from our business leaders on what trust means to them.

Check out our other stories on trust:

The Long view and the Nelson touch

“Well, in our country,” said Alice, still panting a little, “you’d generally get to somewhere else – if you run very fast for a long time, as we’ve been doing.”

“A slow sort of country!”  said the Queen.  “Now, here, you see, it takes all the running you can do, to keep in the same place.  If you want to get somewhere else, you must run twice as fast as that!”

-Conversation between Alice and the Red Queen from Through the Looking Glass.

Is there such a thing as a timely rather than an untimely death? In 1963 the word timely might have been used to describe the death of Tony Cole, “boss” of Reuters. (more…)

Reuters investigative series uncovers America’s underground market for adopted children

In a stunning five-part investigative series titled The Child Exchange, Reuters exclusively revealed America’s underground market for adopted children. After an 18-month-long investigation, Reuters reporter Megan Twohey found that desperate parents turn to Internet forums to seek new homes for children they regret adopting. Often, the boys and girls are casualties of international adoptions gone sour. The unwanted children are then passed to strangers, sometimes illegally, and with little or no government scrutiny.

Read more.

Journalist Spotlight: Nadia Damouni reveals how she scored an exclusive on Blackberry considering going private

REUTERS/Dave Kaup

BlackBerry shares recently jumped nine percent after Reuters reported exclusively that the company was considering going private. The story, by Nadia Damouni, Euan Rocha and Greg Roumeliotis, was widely-cited by competing news outlets. In a Reuters Best: Journalist Spotlight Q&A, Damouni, Reuters corporate board correspondent, offers an inside look at the reporting behind the scoop.

Q. How did you get this exclusive?

A. BlackBerry, formerly known as Research In Motion, has been a company that I have covered and followed for years — from the time I first alerted the world that Amazon had approached the device maker in 2011, earmarking the first signs that parties were making takeover overtures, to last week’s story that the board was open to a leverage buyout. Realizing that the company had a dire recent quarter made me increase efforts in reaching out to all my sources — ranging from corporate strategy heads, board members, private equity firms, investment bankers, lawyers and investor contacts. One of the most important components of getting a full and accurate picture was bringing in the beat reporter, in this case Euan Rocha and my private equity counterpart Greg Roumeliotis…

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Reuters record-breaking year of journalism award recognitions

REUTERS/Goran Tomasevic

Reuters has had a record-breaking year of journalism award recognitions in 2013, winning scores of top journalism prizes around the world. We’ve won some of the most prestigious awards in journalism – some for the first time in our history – underscoring our growing reputation for excellence in core coverage that is vital to our customers worldwide.

Among the most celebrated this year was European Corporate Strategy Correspondent Tom Bergin’s series of investigations into corporate tax practices. Tom was awarded a UK Press Award, a Gerald Loeb Award, the prestigious Orwell Prize, a Society of American Business Editors and Writers Award, a Deadline Club Award and a London Press Club Award, as well as being shortlisted for a number of other awards. Tom’s series drew widespread attention from the public and regulators when it revealed the tax practices of big corporations including Starbucks, Amazon and eBay, among others.

Also of note this year was Reuters performance at the Loeb Awards. In addition to Tom’s win in the Beat Reporting category, the Inside Chesapeake Energy series by Brian Grow, Anna Driver, Joshua Schneyer, Janet Roberts, Jeanine Prezioso, David Sheppard and John Shiffman won in the News Service category – our second consecutive win for News Service…

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