Business Wire to be Available Real-time Oct. 8 in Financial and Online Services, Own Web Site
8 October 2000
Business Wire to be Available Real-time Oct. 8 in Financial and Online Services, Own Web Site
NEW YORK--Oct. 3, 2000--Business Wire announced today that its news feed will be available real-time in all major financial information providers, on its own Web site, and online services and news portals beginning Sunday, October 8, in advance of the busy third-quarter earnings cycle.Leading financial news services, including Dow Jones, Reuters, Bloomberg and Bridge, in addition to such heavily trafficked sites as Yahoo!, America Online, CNNfn, MSNBC and others, will provide access to Business Wire's real-time news feed to their subscribers and online news consumers effective with the change.
All Web sites that feature Business Wire's news feed--some 16,000 in total-- will have the ability to provide Business Wire's news real-time.
"We decided to go real-time across all media platforms to maintain an orderly flow of information in the marketplace," said Lorry I. Lokey, president and founder of Business Wire, in making the announcement. "The solution we're implementing October 8 ensures a seamless transition that will provide equal access to market-moving corporate information to all investors."
Business Wire announced its intention to end the 15-minute delay, which historically provided the disclosure media with advance access to price-sensitive news releases prior to broader distribution to the investment community, in a September 18 news release.
The decision was made in the wake of the Securities and Exchange Commission's recent passage of Regulation FD, which seeks to eliminate selective disclosure.
"The clear message from the SEC is that all investors should have equal access to all information that may influence their investment decisions," noted Cathy Baron Tamraz, chief operating officer in Business Wire's earlier news release. "In that spirit, we have decided to end the 15-minute delay."
About Business Wire
Founded in San Francisco in 1961 by its president, Lorry I. Lokey, veteran journalist and public relations executive, Business Wire delivers more news from more sources to more destinations than any other service in the world.
With content from more than 40,000 organizations, including major U.S. corporations, Fortune 1000 and NASDAQ companies, Business Wire remains the fastest-growing and largest independent commercial news wire in the world.
The company electronically disseminates full-text news releases for public and investor relations professionals simultaneously to the news media, the Internet, online services and databases, and the investment community worldwide. Business Wire combines a brick-and-mortar foundation with the vision of an Internet company.
With 26 U.S. bureaus, Business Wire's headquarters is in San Francisco with an international hub in Brussels, Belgium and reciprocal offices throughout the world.