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Reuters' Slide Worsens
The news keeps getting worse for Reuters(RTRSY Quote), once the leader of the financial publishing world.
On Tuesday the British-based company warned that its sales in the first half of this year would slide by about 9% because of weakened demand for its financial news and information system.
The financial publishing giant also posted a loss of $630 million for 2002, making Reuters as much a victim of the long bear market as any Wall Street brokerage firm. The company had a slim profit in 2001. ...
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