Feeds

Reuters to launch 24/7 retail Net op

Wades into retail swamp

  • alert
  • submit to reddit

Top 10 endpoint backup mistakes

Reuters, the world's biggest news wholesaler, is getting into retail. It is pumping in £20 million into an own-brand 24/7 global news service, The Guardian reveals. Reuters research suggests "that there is demand among high-net-worth individuals for a readable, fast service that can provide 24-hour news", according to The Guardian, in a piece that bears all the hallmarks of a PR-engineered leak. This is fatuous stuff for the media pack -- Register research indicates there is no demand from anyone for an unreadable, slow service. And that didn't cost us a penny to find out. The Reuters retail site will link into all its original material and it's taking on 20 journalists dedicated to the site in the first stage of the operation. The company hasn't worked out all the details yet, The Guardian says. So let's make some educated guesses. The site will supply also personal finance news and advice, and at some stage, tie up with an online share-trading operation. Conflicts of interest means that Reuters risks losing some of its wholesale news customers. But this will be a small price to pay if it succeeds in establishing a successful retail site. The company has the muscle and the name to push into the online retail jungle. But does it have the flair? Reuters is not exactly noted for its retailing prowess. And besides, the Net space for Finance/News/Share Trades is looking increasingly crowded. Lined up against Reuters already are Motley Fool, which today received a $25 milllion VC injection, Raging Bull, Silicon Investor, TheStreet.com, and more traditional rivals like Bloomberg and FT.Com. ® For the latest "ker ching" on the Web tune into Cash Register and turn on to our daily Net Finance News.

A new approach to endpoint data protection

More from The Register

next story
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?