Bloomberg L.P. is a privately held software, data, and financial media company headquartered in Midtown Manhattan, New York City. The company was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and 30% investment ownership by Merrill Lynch.
Bloomberg L.P. providing financial software such as analytics and equity trading platforms, data services, and news to companies and financial organizations through Bloomberg Terminal (through Bloomberg Professional Services), its core revenue generating products. Bloomberg LP also includes wire services (Bloomberg News), global television network (Bloomberg Television), digital websites, radio stations (Bloomberg Radio), special subscription newsletters, and three magazines: Bloomberg Businessweek and > Bloomberg Markets .
In 2014, Bloomberg L.P. launched Bloomberg Politics, a multiplatform media property that incorporates the company's political news team, and has recruited two veteran political journalists, Mark Halperin and John Heilemann, to run it.
Video Bloomberg L.P.
Histori
In 1981, Salomon Brothers was acquired, and Michael Bloomberg, general partner, was given a $ 10 million split partnership. Bloomberg, after designing the in-house computerized financial system for Salomon, used $ 10 million to launch its Innovative Market System (IMS). Bloomberg develops and builds its own computer system to provide real-time market data, financial calculations, and other financial analysis to Wall Street companies. In 1983, Merrill Lynch invested $ 30 Ã, million in IMS to help finance the development of the computer terminal system "the Bloomberg" and in 1984, the IMS sold the machine to all Merrill Lynch clients.
In 1986, the company was renamed Bloomberg L.P., and 5,000 terminals were installed in the customer's office. Within a few years, additional products including Bloomberg Tradebook (trading platform), Bloomberg Messaging Service, and Bloomberg newswire were launched. Bloomberg launched its news service division in 1990. Bloomberg.com was first established on September 29, 1993, as a financial portal with information on markets, currency conversions, news and events, and a Bloomberg Terminal subscription.
At the end of 1996, Bloomberg repurchased a third of Merrill Lynch's 30 percent stake in the company for $ 200 million, valuing the company at $ 9 Ã, billion. In 2008, facing losses during the financial crisis, Merrill Lynch agreed to sell the remaining 20 percent of its shares in the company back to Bloomberg Inc., majority owned by Michael Bloomberg, for $ 4.43 reported Ã, billion, valuing Bloomberg LP about $ 22.5 Ã, billion.
Bloomberg L.P. has remained a private company since its inception; majority owned by Michael Bloomberg. To run for New York Mayor against Democrat Mark Green in 2001, Bloomberg gave up his post as CEO and appointed Lex Fenwick as CEO as his successor. Peter Grauer is the chairman. In 2008, Fenwick became CEO of Bloomberg Ventures, a new venture capital division. Daniel Doctoroff, a former deputy mayor in the Bloomberg government, serves as president and CEO. In September 2014, it was announced that Michael Bloomberg would take control of his famous market data company Doctoroff, who was Bloomberg's chief executive for the past six years after his term as deputy mayor.
In September 2014, Bloomberg sold its Bloomberg Sports analysis division to the company's STATS LLC data analysis for a reported fee of between $ 15 Ã, million and $ 20 Ã, million.
Maps Bloomberg L.P.
Acquisitions
Since its establishment, Bloomberg L.P. has made several acquisitions including WNEW radio stations, BusinessWeek magazine, research firm New Energy Finance, National Affairs Bureau and Bloomberg PolarLake financial software company. On July 9, 2014, Bloomberg L.P. acquired RTS Realtime Systems, a global low connectivity and latency connectivity provider.
WNEW
In 1992, Bloomberg L.P. bought the New York WNEW Radio station for $ 13.5 Ã, million. The station was converted into an all-news format, known as Bloomberg Radio, and the summons was changed to WBBR.
BusinessWeek
Bloomberg LP purchased a weekly business magazine, BusinessWeek, from McGraw-Hill in 2009. The company acquired a magazine - which experienced a decrease in advertising revenue and a limited circulation amount - to attract public business to a media audience made up primarily of customers terminal. After the acquisition, BusinessWeek was renamed to Bloomberg Businessweek . Megan Murphy edited the magazine.
Eagle Eye Publishing
In 2010, Bloomberg L.P. acquired Eagle Eye Publishing, a company based in Fairfax, Virginia that publishes data on procurement by the Federal Government. The acquisition is part of the Bloomberg Government, launched in early 2011.
New Energy Funding
In 2009, Bloomberg L.P. bought New Energy Finance, a data company focused on energy investment and carbon market research based in the UK. New Energy Finance was created by Michael Liebreich in 2004, to provide news, data, and analysis on clean carbon and energy markets. Bloomberg L.P. acquired the company to become an industry resource for information to support low carbon energy solutions. Liebreich continued to lead the company, serving as chief executive officer until 2014, when he resigned as CEO but remained involved as Chairman of the Advisory Board.
National Affairs Bureau (BNA)
Bloomberg L.P. bought Arlington, Virginia-based National Affairs Bureau in August 2011, for $ 990 Ã, million to support existing Bloomberg Government and Bloomberg Law services. BNA publishes specialized and printed news and information online for business and government professionals. The company produces over 350 news publications on topics covering corporate law and business, employee benefits, employment and employment law, environment, health and safety, health care, human resources, intellectual property, litigation, and tax and accounting.
Bloomberg PolarLake
In May 2012, Bloomberg L.P. acquired Dublin-based software provider, PolarLake, and launched a new corporate data management service to help companies acquire, manage, and distribute data across their organizations.
Business Barclays Index
On December 16, 2015, it was announced that Barclays had agreed to sell its index business, Barclays Risk Analytics and Index Solutions Ltd (BRAIS), to Bloomberg LP for Ã, Â £ 520 Ã, Â million, or about $ 787 Ã, million. The company will be renamed Bloomberg Index Services Limited.
Products and services
Bloomberg Professional Services
In 2011, sales of Bloomberg Professional Services, also known as the Bloomberg terminal, accounted for more than 85 percent of Bloomberg L.P's annual earnings. The proprietary computer systems of financial data vendors, starting at $ 24,000 per user per year, allow customers to access Bloomberg Professional services to monitor and analyze real-time financial data, seek financial news, get price quotes and send electronic messages via Bloomberg Message Service. The terminal covers public and private markets globally.
Bloomberg News
Bloomberg News was co-founded by Michael Bloomberg and Matthew Winkler in 1990, to deliver financial news reports to Bloomberg terminal customers. In 2000, Bloomberg News included more than 2,300 editors and reporters in 100 countries. Content generated by Bloomberg News is distributed via Bloomberg, Bloomberg Television, Bloomberg Radio, Bloomberg Businessweek Bloomberg Markets and Bloomberg.com. Co-founder Matthew Winkler still serves as editor-in-chief.
Bloomberg Radio
Bloomberg Television
Bloomberg Television, a service from Bloomberg News, is a 24-hour financial news television network. It was introduced in 1994, as the subscription service is transmitted on DirecTV satellite television providers, 13 hours a day, 7 days a week. Soon afterwards, the network entered the cable television market and in 2000, Bloomberg's 24-hour news program was being aired up to 200 million households (span> Ã, . Justin B. Smith serves as CEO of Bloomberg Multimedia Group which includes Bloomberg Radio, Bloomberg Television, and Bloomberg's online component of Bloomberg offerings.
Bloomberg Markets
Bloomberg Markets is a monthly magazine launched in 1992, which provides an in-depth coverage of global financial markets for financial professionals. In 2010, the magazine was redesigned in an effort to update readers outside of Bloomberg terminal users. Michael Dukmejian has served as a magazine publisher since 2009.
Pursuit Bloomberg
Bloomberg Pursuits is a monthly luxury magazine that is distributed exclusively to Bloomberg terminal users and to news kiosks, focusing on. It stops publication in 2016. Digital editions and shows on Bloomberg Televsion continue with the same name.
Bloomberg Entity Exchange
Bloomberg Entity Exchange is a web-based, centralized, and secure platform for side companies, selling side companies, companies and insurance companies, banks or brokers to meet Know Your Customer (KYC) compliance requirements. Launched on May 25, 2016.
Bloomberg Government
Launched in 2011, the Bloomberg Government is an online service that provides news and information on politics, across legislative and regulatory coverage.
Bloomberg Act
In 2009, Bloomberg L.P. introduced Bloomberg's Law, a subscription service for real-time legal research. Subscription services provide access to legal doctors, legal archives, and reports from Bloomberg legal analysts as well as business news and information.
Bloomberg Opinion
Bloomberg Opinion , formerly Bloomberg View, is the editorial division of Bloomberg News launched in May 2011. The site provides editorial content from columnists, authors, and editors on news issues and is available free on the company's website. David Shipley, former editor of the Op-Ed page at The New York Times, serves as the executive editor of Bloomberg Opinion.
Bloomberg Tradebook
Bloomberg Tradebook is an electronic trading agency for equities, futures, options, and foreign exchange trading. "Buy-buy" services include access to trading algorithms, analysis, and marketing insights, while its "sales" service includes connections to the electronic trading network and global trading capabilities. Bloomberg Tradebook was founded in 1996, as an affiliate of Bloomberg L.P.
Bloomberg Beta
Bloomberg Beta is a venture capital company that is capitalized by Bloomberg L.P. Established in 2013, a $ 75 million sponsorship focuses on investing in an area of ​​interest to Bloomberg L.P., and pure investment for financial returns. It's headquartered in San Francisco.
Bloomberg's Bloomberg Innovation Index
Bloomberg Innovation Index is the annual ranking of how innovative countries are. It is based on six criteria: research and development, manufacturing, high-tech companies, post-secondary education, research personnel, and patents. Bloomberg uses data from the World Bank, International Monetary Fund, World Intellectual Property Organization, Patent and Trademark Office United States, OECD and UNESCO to rank.
Go to Bloomberg
Bloomberg has publicly licensed its symbology system (Bloomberg Open Symbology, BSYM), and API financial data (Bloomberg Programming API, BLPAPI).
Bloomberg Live
Bloomberg Live is a series of conferences aimed at businesspeople.
Office
Location
Bloomberg L.P. Headquarters Located on 731 Lexington Avenue (informally known as Bloomberg Tower) in Midtown Manhattan, New York City. In 2011, Bloomberg L.P occupies a land area of ​​900,000 square feet (84,000 m 2 ) in office space at the base of the tower. The company's New York office also covers 400,000 square feet (37,000 m 2 ) located on 120 Park Avenue. It maintains offices in more than 192 locations worldwide, including Bloomberg London, its headquarters in Europe.
Corporate culture
Bloomberg offices L.P. not hierarchical - even executives have no private office. All employees sit on the same white table each on top with a specially built Bloomberg computer terminal. Office space also includes a row of flat panel monitors on top featuring Bloomberg news, market data, weather, and customer service statistics.
Leadership
Committee Manage Bloomberg L.P. Michael Bloomberg, Peter Grauer, Thomas Secunda.
Lithuania
EEOC v. Bloomberg L.P.
In September 2007, the Commission of Employment Opportunities filed a class action lawsuit against Bloomberg L.P. on behalf of more than 80 female employees who argue that Bloomberg L.P. engage in discrimination against women who take maternity leave. In August 2011, Judge Loretta A. Preska of the Federal District Court in Manhattan dismissed the allegations, writing that the Commission for Employment Opportunities did not provide sufficient evidence to support their claims.
In September 2013, Preska dismissed the EEOC lawsuit on behalf of 29 pregnant employees of Bloomberg L.P. In addition, he rejected the pregnancy bias claims of five individual plaintiffs, and allowed some cases of the sixth plaintiff to proceed.
Bloomberg L.P. v. Federal Reserve Board of Governors
Bloomberg LP filed a lawsuit against the Federal Reserve System Board Board (Bloomberg LP v. Board of Governors of the Federal Reserve System) to force the Fed to share details about its lending program during the 2008 US Government's bailout notes documenting Federal Reserve loans issued to financial companies and disclosing identities company, the amount borrowed and the warranty posted in return. Bloomberg L.P. win at the court level. The Second Circuit Court ruled in favor of Bloomberg L.P. in March 2010, but the case was filed to the Supreme Court by a group of US commercial banks in October. In March 2011, the Supreme Court let the Second Circuit Court ruling oblige the release of details of the Fed's bailout.
Bloomberg L.P. v. Bloomberg Ltd
On October 22, 2008, Bloomberg LP applied for a change of name Bloomberg Ltd, under s.69 (1) (b) of the Companies Act 2006. Bloomberg LP later changed its name to Bloomberg Finance Three LP Bloomberg Ltd. was ordered on the Tribunal Name Company on May 11 2009, to change its name so that it does not have a name that might be disturbing, by sameness, with goodwill from Bloomberg Finance Three LP as well as paying a fee.
See also
- Bloomberg Marketplace
- Bloomberg Terminal
- Financial data vendors
References
External links
- Official website
- Bloomberg: Overview
- PND News - New York Mayor Gives $ 130 Million for Amal in 2002
- Bloomberg LP v. Triple E Holdings Limited (2002) GENDND 1665 (December 13, 2002)
- Vault, contains an overview of the company
- Fortune Magazine: Bloomberg LP is a remarkable success
- Vanity Fair: Bloomberg Without Bloomberg
Source of the article : Wikipedia
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