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Bloomberg (2)

Bloomberg (2)

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Published by: Guian Karlo Ventura on Oct 03, 2012
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Bloomberg A major global provider of 24-hour financial news and information including real-time and historic price

data, financials data, trading news and analyst coverage, as well as general news and sports. Its services, which span their own platform, television, radio and magazines, offer professionals analytic tools.

Bloomberg L.P.
From Wikipedia, the free encyclopedia

Bloomberg L.P.


Limited partnership


Mass media


October 1, 1981[1]


Michael Bloomberg, Thomas Secunda, Duncan MacMillan,Charles Zegar[2]


Bloomberg Tower, Manhattan, New York City, New York, U.S.

Number of locations

200 offices (June 2010)[3]

Key people

Peter Grauer (Chairman) Dan Doctoroff (President)


Broadcasting, publishing, radio

P. Michael Bloombergowns 85% of the partnership.Revenue US$ 6.[7] The company provides financial software tools such as analytics and equity trading platform.25 . was formed as a Delaware Limited Partnership in 1981 and has been in business since 1983. data services and news to financial companies and organizations around the world through the Bloomberg Terminal (via its Bloomberg Professional Service).000 (Dec 2010)[3] Website Bloomberg.P. Bloomberg's revenue for 2009 was estimated at $6. including television.P. radio.P. Duncan MacMillan. in Midtown Manhattan. the Internet and printedpublications. Its current headquarters are located at the Bloomberg Tower. and a business radio station WBBR in New York City at a loss[citation needed]. has grown to include a global news service. a financial Television network.net Bloomberg broadcasting studio in London Bloomberg L.[9] Bloomberg L.9 billion (projected 2010) Owner(s) Michael Bloomberg (88%)[4] Employees 13. Many customers use only a small fraction of the machine's 30.[8] its core money-generating product. is an American multinational mass media corporation based in New York City. Bloomberg's core business is leasing terminals to subscribers. The building is also known asOne Beacon Court for the lighted rectangular beacon that caps the tower and the paved courtyard at the ground level. It also runs Bloomberg Television.[6] Bloomberg L.25 billion in 2009. New York.[10] Bloomberg L. and Charles Zegar in 1981 and a 30% ownership investment by Merrill Lynch. Bloomberg makes up one third of the $16 billion global financial data market [5] with estimated revenue of $6. was founded by Michael Bloomberg with the help of Thomas Secunda. New York City.146 functions.

000 Bloomberg Terminal subscribers worldwide. The New York Times and USA Today.9 billion for 2010.000 employees and 145 bureaus around the world. and the Bloomberg newswire were launched. the Bloomberg Messaging Service. Capital IQ. ancillary products including Bloomberg Tradebook (a trading platform).P. and by 1988.[15] Using this money.[16][17][18] In 1986.[19] Within a few years. In 2008.billion. including The Economist.[13][14] Contents [hide]       1 History. was given a $10 million partnership settlement. services and products In 1981. Dealogic and smaller companies such as New York Financial Press. [11] There are currently over 300.[21] To run for the position of Mayor of New York against Democrat Mark Green in 2001.5 billion. . FactSet Research Systems. Merrill Lynchbecame the new company's first customer. Thomson Reuters. In 1982. producing more than 5. In addition to its financial services offerings.[23] Peter Grauer is the chairman. Salomon Brothers was acquired. Merrill Lynch agreed to sell its 20% stake in the firm back to Bloomberg. Bloomberg Television (originally known as Bloomberg Business News) has over 2. now serves as president.[20] It now provides information to approximately 350 newspapers and magazines worldwide. Bloomberg went on to set up a company named Innovative Market Systems. Mike Bloomberg gave up his position of CEO at Bloomberg and appointed Lex Fenwick as CEO in his stead. for a reported $4. installing 22 Market Master terminals and investing $30 million in the company. Based on that estimate. Bloomberg launched its news services division in 1990. Its competitors include SNL Financial. In July 2008. the company was renamed Bloomberg L. services and products 2 Corporate governance 3 Litigation against Board of Governors of Federal Reserve System 4 See also 5 Notes 6 External links [edit]History. Dow Jones Newswires. Fenwick became the CEO of Bloomberg Ventures. and Michael Bloomberg.Interactive Data Corporation. valuing the firm at approximately $22. In late 1996 Bloomberg bought back one-third of Merrill Lynch's 30 percent stake in his company for $200 million[12] valuing the company at $2 billion. a new venture capital division.000 stories daily. former deputy mayor in the Bloomberg administration. 5000 terminals had been installed. a general partner.43 billion. the new projections would push revenue to nearly $6.[22] Daniel Doctoroff.

On September 30. indicating the former's clients would be given exclusive access to 50. 2010. Bloomberg acquired Dublin-based software provider PolarLake and is launching a new enterprise data management (EDM) service to help companies acquire. spokeswoman said: 'We are confident that once all the facts come out they will demonstrate that the claims have no merit. a consumer oriented business magazine and Web property. L. from McGraw-Hill.[31] [edit]Corporate governance As of July 2010. The data[34] was released March 31. manage and distribute data across their organizations.K. The New York Times covered Bloomberg's growth and aspirations in a full-length media section feature. completed its acquisition of Bureau of National Affairs for About $990 millions. News brought a lawsuit (Bloomberg L. members of the board of directors of Bloomberg include Peter Grauer. Bloomberg L.P. 2008. now called Bloomberg New Energy Finance. Frank Savage. the Equal Employment Opportunity Commission filed a class-action lawsuit on behalf of more than 80 female employees. engaged in a pattern of discrimination against pregnant women who took maternity leave.[28] Bloomberg Professional Service and Gerson Lehrman Group issued a press release on July 8.P. Board of Governors of the Federal Reserve System) against the Board of Governors of the Federal Reserve System to force the Board to reveal the identities of firms for which it has provided guarantees during the Late-2000s financial crisis.[35] .[24] The suit alleges that 'Michael Bloomberg is responsible for the creation of the systemic. 2011.In September 2007. Supreme Court. Bloomberg acquired BusinessWeek. won at the trial court and the Fed's appeals were rejected at both the United States Court of Appeals for the Second Circuit and the U.[32] [edit]Litigation against Board of Governors of Federal Reserve System November 7.'[24] Bloomberg News was the subject of an investigative feature by Vanity Fair in December 2008. v.[30] Bloomberg New Energy Finance is a specialist provider of financial information and research to the renewable energy technology sector and its investors worldwide. Jane Bryant Quinn.000+ GLG Council Member business experts globally. a data company focused on energy investment and carbon markets research based in the U.[33] Bloomberg.[27] The same year.P.[25] In 2009.[29] In May 2012.P.P.[24] A Bloomberg L. top-down culture of discrimination' at the company. 2011. Arthur Levitt.S. and Hugh Lowenstein.[26] and New Energy Finance. Thomas Secunda. Bloomberg L.Richard DeScherer [1].P. who argue Bloomberg L. Daniel Doctoroff.

a network of professionals and business leaders with a common interest in the world of finance. and leverage the intelligence of your peers to find relevant news and data. You can communicate with one or many users at once. The means of communication between all these people is built right into the Bloomberg Professional® service. recognizing early on that maintaining open lines of communications is an important part of our service.Community Features Bloomberg Community Bloomberg Professional is more than information. We have two main mechanisms for communication with members of the Bloomberg community: . allowing users to join public communities or create their own private communities of colleagues or clients. It’s a community . Bloomberg pioneered the use of private messaging systems. Bloomberg also serves as a collaboration tool. participate in chats.

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