NEW YORK--(BUSINESS WIRE)--Sept. 18, 2000--Seeking to level the
playing field for all investors, Business Wire Monday announced that
it will soon end the 15-minute delay to financial news portals,
websites, online services and databases, providing retail investors
with equal access to market-moving news developments.
Business Wire's website (www.businesswire.com) will go real-time
by month's end. Business Wire's file on other web sites, news portals,
online services and databases will go real-time by the end of the
year, due to programming requirements.
For some 35 years Business Wire and other commercial news services
have provided real-time newsfeeds to the financial news media which,
in turn, produced their own edited stories to their subscribers.
On a 15-minute delayed basis Business Wire distributed the
full-text of these price-sensitive news releases to the investment
community.
The popularity of the Internet, coupled with recent regulatory
changes, have prompted Business Wire to move toward ending the practice
and provide real-time news across all media platforms.
"Individual investors today are looking for corporate information
on the Internet," said Cathy Baron Tamraz, Business Wire's chief
operating officer. "The popularity of such sites as Yahoo!, America
Online and others confirm that individual investors are eager to tap
corporate news."
"With the recent passage of Regulation FD by the U.S. Securities
and Exchange Commission, the clear message from the SEC is that all
investors should have equal access to all information that may
influence their investment decisions," Tamraz added. "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.
--30--bk/ny*
CONTACT: Business Wire, San Francisco
Lorry Lokey, 415/986-4422
lorry@bizwire.com
Cathy Baron Tamraz, 212/752-9600 (New York)
cathy@bizwire.com
KEYWORD: NEW YORK
INDUSTRY KEYWORD: PUBLISHING COMPUTERS/ELECTRONICS BANKING
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
Sep-18-2000 18:59 GMT
Source BW Business Wire |
