Reuters moves to sell Instinet
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Reuters, the media and information group, is understood to have appointed investment bankers to explore the sale of Instinet, its American electronic stock trading business.
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Archipelago Holdings, US owner of ArcaEx, the world's largest electronic stock market, is leading the race to buy Instinet, an electronic brokerage owned by the British news and information giant Reuters.
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Reuters, the news and financial information provider, reported a 4.4-percent drop in core subscription revenue to 528 million pounds (759 million euros, 947 million dollars) during the third quarter compared to the same period last year.
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News Corp.'s  $60 a share bid for Dow Jones & Co. Inc.  is a "fairly attractive" price, its largest outside shareholder said in an interview with the Financial Times on Wednesday.
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Dow Jones &amp; Co., publisher of The Wall Street Journal, has agreed to buy online financial news provider MarketWatch Inc. for about $463 million in a bid to boost its revenue from the fast-growing Internet advertising market.
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Dow Jones & Co. outlined a strategy on  Monday to differentiate the Wall Street Journal's Web site from  its print edition, shifting breaking news stories online and  emphasizing analysis in the newspaper.
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A nod from Barron's sends the stock up, up, and away.
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News Corp.'s $60 a share bid for Dow Jones & Co. Inc. is attractive and should be considered, its largest outside shareholder said on Wednesday.
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Rupert Murdoch's News Corp. Ltd. has  offered an olive branch to investors opposed to it moving its  main share listing to the United States, telling them it is  considering moves to enhance shareholder rights.
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Shares of Dow Jones were up today after the family that controls the company announced it would consider selling the company.
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Canadian electronic publisher Thomson  Corp  won conditional permission from the European  Commission on Tuesday to buy Reuters , a deal that will  create the world's leading provider of news and data for  professional markets.
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Media giant Reuters on Thursday posted rising third-quarter revenues, as it shrugged off recent global markets turmoil ahead of its agreed takeover by Canadian rival Thomson Corp.
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Dow Jones & Co., publisher of The Wall  Street Journal, has agreed to buy online financial news  provider MarketWatch Inc. for about $463 million in a bid to  boost its revenue from the fast-growing Internet advertising  market.
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Shares in global news and information provider Reuters Group Plc rose to their highest level since April after a report Thursday that the firm may sell its U.S. electronic trading subsidiary, dealers said.
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Pulitzer Inc. has hired an investment bank to explore âstrategic alternatives,â including the sale of the company. The decision to weigh possible offers for the company, which owns the St.
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Dow Jones & Co. DJ.N, publisher of the  Wall Street Journal, said it is to buy online news site  operator MarketWatch Inc. MKTW.OQ to grow the revenues it  derives from the Internet.
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Nasdaq Stock Market Inc  has  weighed selling a piece of itself to an overseas investor to  help it seal a deal to buy Nordic exchange operator OMX AB  , the Wall Street Journal reported on its Web site on  Tuesday, citing people familiar with the matter.