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Business Wire disseminates full-text news releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases and other audiences.
The company distributes news via its own electronic network, NX, developed by its inhouse tech team and using XML/NewsML. It also has carriage agreements with major news agencies, including the Associated Press, Agence France-Presse, Bloomberg, Dow Jones, Reuters, Thomson One, and some sixty regional news agencies, to deliver content directly into their newsroom editorial systems.
Business Wire provides direct news feeds along with photo posting to Yahoo! Finance and other information web sites. It offers preset and fully customized RSS news feeds upon registration (which is free).
Working with stock markets and regulatory authorities, Business Wire is an authorized disclosure vehicle in the US (with news networks and EDGAR filings), the UK (with Financial Securities Authority (FSA) services), and other European markets including France, Germany, Luxembourg, the Netherlands, Sweden and Switzerland. In addition to fulfilling financial disclosure requirements, Business Wire posts full-text news releases directly into major professional and individual investor systems.
Business Wire enables public relations and investor relations practitioners to target news to audiences in specific cities, countries, or regions, with translations available in up to 45 languages and with topical news feeds about more than 160 industries.
Journalists can set up personal web, RSS and email news feeds based on their specific beat criteria.
Its primary worldwide competitor is PR Newswire. Regional competitors include Market Wire.
History
Business Wire was founded on October 2, 1961 by its current chairman, Lorry I. Lokey. Cathy Baron Tamraz is CEO and president. In 2006, the company has about 500 employees.
On January 17, 2006, Berkshire Hathaway announced that it was purchasing Business Wire for an undisclosed amount.*.
The acquisition of Business Wire by Berkshire Hathaway was completed on March 1, 2006. *
External links
"Business Wire"