Tuesday, November 1, 2016

Thomson Reuters To Record Q4 Charge For Streamlining Business - Quick Facts

Thomson Reuters (TRI, TRI.TO) announced that it plans to record a charge of approximately $200 million to $250 million to be incurred in the fourth quarter of 2016. This charge is intended to accelerate the pace of the company's Transformation program by further simplifying and streamlining the business. The majority of the charges will be taken in Financial & Risk and the Enterprise, Technology & Operations Group that was created in January 2016. The company updated its 2016 full-year outlook to reflect the planned charge.

from RTT - Earnings http://ift.tt/2f8z8eQ
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