Bloomberg L.P.
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Bloomberg L.P. is a financial software service company founded by current New York City mayor Michael Bloomberg with the help of Thomas Secunda in 1981. It provides financial software tools such as analytics and equity trading platform, data services and news to financial companies and organizations in virtually every country in the world through the Bloomberg Terminal, its core money-generating product. Bloomberg L.P. has grown to include a global news service, including television, radio, the Internet and publications.
It was incorporated as a Delaware Limited Partnership (LP) in 1981 and has been in business since 1983. Michael Bloomberg owns 72% of the group and receives an 84.55% share of the profits, and claims credit for the same portion of its charitable giving. Bloomberg's core business is leasing terminals to subscribers. It also runs Bloomberg Television, a leading financial TV station, and Business Radio station WBBR in New York City. Forbes Magazine estimated, in 2000, Bloomberg's cash flow margins on its $2.3 billion in revenues exceed 35%, and Bloomberg has more than 100,000 users in North America, and another 130,000 in the rest of the world. Its competitors include Reuters, Dow Jones Newswires, and FACTSET.
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[edit] Corporate governance
As of March 2001, members of the board of directors of Bloomberg include: Peter Grauer, Arthur Levitt, Jane Bryant Quinn, Frank Savage, and Thomas Secunda [1]
[edit] Bloomberg.com Columnists
- Amity Shlaes (International Politics)
[edit] See also
- Standard & Poor's
- Moody's
- Capital IQ
- Fitch Ratings
- A.M. Best
- Dominion Bond Rating Service
- Nationally Recognized Statistical Rating Organizations
- Reuters
- Morningstar, Inc.
[edit] External links
- Bloomberg
- Bloomberg: Overview
- PND News - New York City Mayor Gave $130 Million to Charity in 2002
- Bloomberg LP v. Triple E Holdings Limited (2002) GENDND 1665 (13 December 2002)
- Web site put together by unhappy employees
- The Vault, containing a company overview
- [2]
[edit] Television
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