Why I’m nervous for BGC and its next earnings release
BGC Partners, Inc. (NASDAQ: BGCP), a small-cap inter-dealer broker of financial instruments, is taking the bold step of using the notice-and-access approach with its next earnings release on February 26 — but I think they should reconsider. On Monday, the company issued a news release announcing the following: “In compliance with the U.S. Securities and [...]
History made in Japan
WE “TRAVEL” to Japan regularly as part of our research of how companies around the world are using the web to communicate with their investors. When we first started going there, standards of online IR communication were exceptionally poor. Except for a couple of firms like NTT DoCoMo and Sony, the country’s blue chips as [...]
6 things you didn't know about Thomson Reuters
HERE are some things you might not know about the new Thomson Reuters, which had its first day of trading as a combined company yesterday under the ticker symbol TRI in New York and Toronto, and TRIL in London. 1. According to Google Finance, the company does not exist. 2. CEO Tom Glocer is the [...]
Is Thomson’s IR/PR business for sale?
I DREW attention yesterday to the fact that Thomson Financial’s corporate investor relations and public relations businesses don’t fit well in the structure outlined in the Thomson-Reuters acquisition announcement. According to the companies, the combined Reuters and Thomson Financial business will be guided by journalistic principles, such as integrity, independence and freedom from bias. However, [...]
Thomson-Reuters: mixing journalism with PR?
EARLY this morning, the boards of Thomson Corporation and Reuters Group PLC announced that they have agreed to combine their companies. Reuters CEO Tom Glocer, 47, will become CEO of the new Thomson-Reuters. Thomson President and CEO, Richard J. Harrington, 60, will retire after the deal closes, which is expected after anti-trust clearances are obtained. [...]
SEC assessing blogs for disclosure, says Cox
By Dominic Jones THE U.S. Securities and Exchange Commission (SEC) is continuing to weigh whether to allow companies to use website and blog postings instead of news releases for investor disclosure. Chairman Christopher Cox told a Reuters Regulation Summit in Washington that the dissemination requirements for Regulation Fair Disclosure (Reg. FD) that were passed more [...]
How to do crisis PR — HP style
HEWLETT-PACKARD Co. is going on the PR offensive in a bid to save the career of its CEO and rescue its reputation from the wreckage of its spying operations against journalists, its own directors and members of their families. The New York Times reported Friday that HP’s CEO Mark Hurd “was preparing a plan to [...]
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