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Thomson Reuters cuts 3,000 jobs, stock rises

By Jennifer Saba (Reuters) - Thomson Reuters Corp said on Tuesday that new sales of its financial terminals outpaced cancellations in the third quarter for the first time since 2011, and it announced 3,000 job cuts to reduce costs.

Thomson Reuters to cut 2,500 jobs in finance unit

Global media and financial information group Thomson Reuters said on Wednesday it would cut 2,500 jobs in its risk division by the end of the year as part of a cost-cutting drive. Chief executive James Smith announced the cuts as he released the company's quarterly and annual financial results, saying the move "positions us for far greater improvement in 2014." Smith said 2012 "was a watershed year despite an economic environment that proved to be even more challenging than we had anticipated" and cited "numerous operational issues needing repair."

CORRECTED: Thomson Reuters swings to profit, tops forecast

The financial news and information firm Thomson Reuters reported Wednesday its profit for the fourth quarter was $372 million, and said its rebound was on target. The results followed a loss in the same period a year earlier of $2.6 billion, due to a large writedown on its financial services business. Thomson Reuters, which is incorporated in Canada and has its headquarters in New York, said its full-year 2012 profit rose to $2.1 billion from $1.4 billion the prior year.

Thomson Reuters swings to profit, tops forecast

The financial news and information firm Thomson Reuters reported Wednesday its profit for the fourth quarter was $372 million, and said its rebound was on target. The results followed a loss in the same period a year earlier of $2.6 billion, due to a large writedown on its financial services business. Thomson Reuters, which is incorporated in Canada and has its headquarters in New York, said its full-year 2012 profit rose to $2.1 billion from $1.4 billion the prior year.
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