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….


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


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…


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…


Top honors at the Gerald Loeb Awards ceremony

Reuters was front and center at the Gerald R. Loeb Awards ceremony last month, celebrating three wins in what are considered the most prestigious business, economics and financial journalism prizes in the United States. Reuters joined the New York Times and the Raleigh News and Observer as one of only three news organizations with multiple wins.

For the second consecutive year, we took home top honors in the News Service category. We also won in the Beat Reporting category against strong competition. The Loeb judges also paid tribute to Reuters Global Enterprise Editor Michael Williams – this year’s Lawrence Minard Editor Award winner for excellence in business editing – a fitting tribute since Mike played an integral role as editor of both of our 2013 Loeb winners. Mike was warmly received by the leading business journalists in the room, many of whom have worked with him or competed against him and understand his rare ability to generate remarkable, surprising, illuminating and high-impact stories.

Our winners: (more…)

A snapshot in time

The date was 15 May. The year was 1923 – 90 years ago. Reuters was planning to quit its long-established Old Jewry headquarters in the City of London for a new location at 9 Carmelite Street, nearer to Fleet Street where the majority of its customers were based. Someone had the far-sighted idea of asking a photographer to walk round the building, taking photographs of colleagues going about their work.

All who appear on these photographs have now passed away. But what they were doing on that day – what they looked like and how they made use of the technology of the time – has been fixed for ever.

From the many photographs taken that day, I have picked out eight.

Editor Herbert Jean issuing instructions to journalist Bernard Maloney


Markets need clarity on Fed intentions: Carlyle’s Rubenstein

The sell-off in stocks and bonds that followed Federal Reserve Chairman Ben Bernanke’s latest comments were an overreaction, says Carlyle Group co-founder David Rubenstein, but it showed that the central bank should provide greater details of its plans to end bond purchases. Rubenstein spoke with Reuters Breakingviews Editor Rob Cox at the Aspen Ideas Festival.