Thomson Reuters Corp said on Tuesday that net sales in its financial business turned positive for the first time since 2011 and announced 3,000 job cuts aimed at streamlining the global news and information company.Logging positive net sales is an important milestone for Thomson Reuters because it shows new sales outpaced cancellations in the Financial & Risk division, which serves banks and financial institutions. Since subscriptions are signed on an annual basis, net sales are a key indicator for future revenue."The era of portfolio churning has come to an end," Thomson Reuters Chief Executive Officer Jim Smith said in an interview.Shares of Thomson Reuters were up 2.1 percent at $36.50 in early trading in New York.
Financial Institutions, Inc. (FII) is a financial holding company. Shares of FISI traded higher by 6.52% or $1.575/share to $25.72. In the past year, the shares have traded as low as $17.61 and as high as $21.99. On average, 26445 shares of FISI exchange hands on a given day and today's volume is recorded at 496.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 1.68% or $0.6/share to $36.33. In the past year, the shares have traded as low as $26.71 and as high as $36.04. On average, 838466 shares of TRI exchange hands on a given day and today's volume is recorded at 536598.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 1.53% or $0.57/share to $37.89. In the past year, the shares have traded as low as $26.65 and as high as $37.15. On average, 798941 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 490816.
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