Latest news with #SteveHasker
Yahoo
10-07-2025
- Business
- Yahoo
Thomson Reuters Second Quarter 2025 Earnings Announcement and Webcast Scheduled for August 6, 2025
Conference call and webcast scheduled for 8.30 a.m. EDT TORONTO, July 10, 2025 /CNW/ -- Thomson Reuters (TSX/Nasdaq: TRI) announced today its second-quarter 2025 Earnings will be issued via news release on Wednesday, August 6, 2025. Steve Hasker, president and chief executive officer, and Mike Eastwood, chief financial officer, will host a conference call and simultaneous webcast that morning at 8:30 a.m. EDT. Discussions may include forward-looking information. You can access the webcast by visiting the Investor Relations section of the Thomson Reuters website. Registration for the webcast is now open. Additionally, an archive of the webcast will be available following the presentation. Thomson Reuters Thomson Reuters (TSX/Nasdaq: TRI) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth, and transparency. Reuters, part of Thomson Reuters, is a world leading provider of trusted journalism and news. For more information, visit CONTACTS MEDIAGehna Singh KareckasSenior Director, Corporate Affairs+1 613 979 INVESTORSGary E. Bisbee, CFAHead of Investor Relations+1 646 540 View original content to download multimedia: SOURCE Thomson Reuters View original content to download multimedia: Sign in to access your portfolio
Yahoo
10-07-2025
- Business
- Yahoo
Thomson Reuters Second Quarter 2025 Earnings Announcement and Webcast Scheduled for August 6, 2025
Conference call and webcast scheduled for 8.30 a.m. EDT TORONTO, July 10, 2025 /CNW/ -- Thomson Reuters (TSX/Nasdaq: TRI) announced today its second-quarter 2025 Earnings will be issued via news release on Wednesday, August 6, 2025. Steve Hasker, president and chief executive officer, and Mike Eastwood, chief financial officer, will host a conference call and simultaneous webcast that morning at 8:30 a.m. EDT. Discussions may include forward-looking information. You can access the webcast by visiting the Investor Relations section of the Thomson Reuters website. Registration for the webcast is now open. Additionally, an archive of the webcast will be available following the presentation. Thomson Reuters Thomson Reuters (TSX/Nasdaq: TRI) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth, and transparency. Reuters, part of Thomson Reuters, is a world leading provider of trusted journalism and news. For more information, visit CONTACTS MEDIAGehna Singh KareckasSenior Director, Corporate Affairs+1 613 979 INVESTORSGary E. Bisbee, CFAHead of Investor Relations+1 646 540 View original content to download multimedia: SOURCE Thomson Reuters View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
10-07-2025
- Business
- Cision Canada
Thomson Reuters Second Quarter 2025 Earnings Announcement and Webcast Scheduled for August 6, 2025
Conference call and webcast scheduled for 8.30 a.m. EDT TORONTO, July 10, 2025 /CNW/ -- Thomson Reuters (TSX/Nasdaq: TRI) announced today its second-quarter 2025 Earnings will be issued via news release on Wednesday, August 6, 2025. Steve Hasker, president and chief executive officer, and Mike Eastwood, chief financial officer, will host a conference call and simultaneous webcast that morning at 8:30 a.m. EDT. Discussions may include forward-looking information. You can access the webcast by visiting the Investor Relations section of the Thomson Reuters website. Registration for the webcast is now open. Additionally, an archive of the webcast will be available following the presentation. Thomson Reuters Thomson Reuters (TSX/Nasdaq: TRI) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth, and transparency. Reuters, part of Thomson Reuters, is a world leading provider of trusted journalism and news. For more information, visit CONTACTS MEDIA Gehna Singh Kareckas Senior Director, Corporate Affairs +1 613 979 4272 [email protected] INVESTORS Gary E. Bisbee, CFA Head of Investor Relations +1 646 540 3249 [email protected] SOURCE Thomson Reuters
Time Magazine
10-07-2025
- Business
- Time Magazine
Canada's Best Companies of 2025
C anadian brands like lululemon and Aritzia have become increasingly commonplace to U.S. and global consumers. To assess which companies are helping Canada carve out a place in the global market, a new TIME and Statista study ranked the top Canadian companies based on metrics like sustainability transparency, positive employee reviews, and continuous revenue growth in the last three years where complete financial data were available. Out of the 125 companies ranked on the list, the industries most represented are resource generation, infrastructure, and utilities—all of which are likely to see business disruptions in 2025 due to tariffs and geopolitical tensions. Outside of the large legacy industries in Canada like natural resources, automotives, forestry, and agriculture, digital tech and IT companies have been steadily growing, and two Canadian cities rank in the top ten tech talent markets, according to a CBRE report. Notably, analysts and legal experts predict that digital services will be largely resistant to tariffs. Companies like Shopify (no. 6 on the list), which is capitalizing on the booming creator economy to compete with Amazon, and TELUS (no. 7), which plans to launch a sovereign AI factory in Canada, lead the charge. They're followed by older companies like Thomson Reuters (no. 22) and Blackberry (no. 80), both of which have had to evolve their approach to technology. Thomson Reuters, which today calls itself a content-driven technology company, was formed in 2008 from the merger of Canada-based Thomson Corp and London-based Reuters Group. It's now focused on three main business segments: technology for lawyers including the research and analytics tool Westlaw, software for tax and accounting purposes, and the Reuters newswire service. During its shift from content provider to content-driven tech, it also started exploring generative AI initiatives in its law and tax products starting late 2022. Importantly, 'we have the underlying content and expertise…to ensure that the AI output is very accurate,' says Steve Hasker, CEO of Thomson Reuters. The company won a major lawsuit in February against Ross Intelligence, which scraped its Westlaw platform's legal summaries to train a competing AI product. The ruling, which protected proprietary content within the Westlaw platform, could make original data more valuable and set a precedent for what is 'fair use' for AI models. As a media tech conglomerate, it's figured out how to make money off of AI as well as good quality human-generated content by licensing factual, bias-free news generated by Reuters to foundation model providers. 'It is a unique, proprietary content source that's very expensive to generate, and Reuters needs to be paid for that,' Hasker says. BlackBerry, often still associated with its once-iconic tactile keyboard phone, made the pivot from handset to software around seven years ago. Its business is organized into two categories: software in cars, and secure communications for enterprises and governments. The software, which the company initially acquired to use in the BlackBerry phones, now controls fundamental features in cars from Stellantis, BMW, and Mercedes, including their safety, autonomous driving, and infotainment systems. It also underlies robots roaming in warehouses, as well as medical and surgical equipment, says John de Boer, senior director of government affairs and public policy at BlackBerry. The company has additionally developed a software platform certified by the Canadian government and the NSA called BlackBerry critical events management platform that can help government bodies communicate with personnel or respond to disasters like wildfires. 'There's a whole bunch of verticals that are increasingly becoming software defined,' de Boer says. 'We're one of the only companies that guarantee data sovereignty in many of our products.' The company raised its earnings forecast due to cybersecurity demands in June following a surprisingly profitable 2024. But Canadian companies that make physical products, especially those that are frequently exported, may see some challenges to growth in the coming years. 'The roller coaster ride of tariffs has created an unprecedented uncertainty that we've seen, and that itself is really paralyzing decision makers, particularly business investment,' says Tony Stillo, director of Canada Economics at Oxford Economics. Most Canadian businesses are heavily tied to the U.S., says Stillo. 'When we went to this free trade agreement with the U.S. in the late 80s, we built an integrated North American production system.' Auto part maker Magna (no. 14) and fuel distributor Parkland Corp (no. 20) are some of the Canadian companies most exposed to U.S. tariffs, according to BNN Bloomberg. Other companies on this list include fertilizer maker Nutrien (no. 69), natural gas operator TC Energy (no. 71), dairy company Saputo (no. 87), and aerospace manufacturer Bombardier (no. 11). Firms that are USMCA-compliant, part of a specific agreement around material origins, are somewhat buffered against the impact of tariffs. In a first-quarter 2025 report, Magna told investors that 75% to 80% of their parts crossing the border were USMCA-compliant, which puts their tariff impact estimate at about $250 million. The company said that it is working on increasing USMCA compliance to mitigate tariff impacts, but that may require design modifications. Another auto company, Linamar (no. 33), told shareholders in April that it expects minimal impacts from tariffs since virtually all of their parts are compliant. —Charlotte Hu See the full list below.
Cision Canada
26-06-2025
- Business
- Cision Canada
The AI Adoption Reality Check: Firms with AI Strategies are Twice as Likely to see AI-driven Revenue Growth; Those Without Risk Falling Behind
NEW Thomson Reuters survey data reveals that only a quarter of organizations have a visible AI strategy. Time savings from AI could see a $32 billion opportunity on the table for the legal and tax industries in the U.S. alone TORONTO, June 26, 2025 /CNW/ -- Thomson Reuters (Nasdaq/TSX: TRI), a global content and technology company, today released its 2025 Future of Professionals report, which reveals a significant divide between organizations* that have adopted an AI strategy and those that have not. The report, based on input from 2,275 global professionals across legal, risk, compliance, tax, accounting, audit and global trade, shows that organizations with visible AI strategies are twice as likely as those with more informal or ad hoc adoption approaches to experience revenue growth as a direct or indirect result of AI adoption, and 3.5 times more likely to experience critical AI benefits, compared to those with no significant AI adoption plans at all. However, despite the clear benefits, only 22% state their businesses have a visible, defined AI strategy, meaning many organizations may be missing out on the advantages of strategically integrating AI. Without a coherent plan that aligns AI initiatives with organizational priorities, these businesses risk falling behind in achieving meaningful returns and competitive growth. Globally, survey respondents across industries also predict that professionals using AI will save 5 hours weekly within the next year, up from 4 hours predicted in 2024, unlocking an average of $19,000 in annual value per person, according to our study's overall findings. In the U.S. alone, this AI-driven efficiency could translate to a $32B combined annual impact for the legal & CPA sectors. "Professional work is now being shaped by AI, and those who fail to adapt risk being left behind," said Steve Hasker, President and CEO of Thomson Reuters. "Our research shows that organizations with AI strategies are seeing significant returns on investment, while those without are struggling to keep pace. The $32 billion value opportunity in the U.S. is a wake-up call for organizations to prioritize strategic AI adoption and investment. By developing a strategy to drive both AI adoption and redeploy the productivity gains we expect to unlock, organizations will achieve sustained innovation, greater operational excellence, and revenue growth—while empowering professionals not just to be more productive, but to remain relevant." The report highlights three key themes: Bridging the gap between tech today and business tomorrow; the jagged edge of AI adoption; and the modern professional. Key findings include: Bridging the gap: 80% of professionals believe AI will have a high or transformational impact on their profession over the next 5 years, but only 38% expect significant change at their own organization this year. More than half (53%) of professionals said their organizations are already seeing ROI as a direct or indirect result of their AI adoption, with improved efficiency and productivity being the most common benefits. The jagged edge: 3 in 10 professionals say their organizations are moving too slowly on AI adoption, and 4 in 10 organizations are adopting AI without a strategy. The report reveals a significant disparity in AI adoption, with some organizations experiencing significant benefits while others struggle to implement AI effectively. The modern professional: 55% of professionals have experienced significant changes in their work in the past year, or expect to in the coming year, and 46% report skills gaps on their teams, mainly in technology and data competencies. 88% of professionals favor having profession-specific AI assistants, highlighting the growing importance of AI in professional work. To access the full report, visit Methodology: Research was conducted in February and March 2025 via an online survey of 2,275 professionals across the globe from the legal, tax, trade, accounting, and risk & compliance fields, among others, employed by corporations, firms, and government agencies. Geographies included in the survey include North America, Latin America, the UK, Europe and APAC. *In this report, organization is the generic term used to describe: i) firms, for those in private practice; ii) corporations, for corporate C-Suite; and iii) in-house departments, for corporate and government professionals Notes to Editor: Survey respondents to our 2025 Future of Professionals study predict that AI usage will save professionals an average of 5 hours per week over the next year, an increase from 4 hours predicted in 2024. This enhanced efficiency represents an average annual value of $19,000 per professional across our diverse survey respondents. For the U.S. market specifically, these time savings translate into an estimated annual cumulative impact of $20 billion for the legal industry and $12 billion for the CPA industry. Our report further details significant AI-driven value across other key global markets. Thomson Reuters – Investing in Artificial Intelligence: Thomson Reuters is at the forefront of delivering professional-grade AI, including agentic AI, in the fields of legal, tax, trade, accounting, risk, fraud, compliance, and news. Thomson Reuters is delivering this through its build, partner, buy strategy, investing $200 million annually over the next few years to integrate responsible AI into its flagship content and technology solutions. With thousands of colleagues employed in the field of data science, engineering, designers and UX specialists and analysts, Thomson Reuters provides a trusted and secure GenAI experience for its customers. The company's generative AI capabilities are built on more than 30 years of advancements in machine learning and natural language processing technology and over 125 years of professional expertise. This is all underpinned by a comprehensive collection of editorially-enhanced content. The company's commitment to AI is also reflected in the comprehensive governance structures it has in place exampled by its updated Data and AI Ethics Principles, which guides its approach to AI development and deployment. With a focus on responsibility, safety, and transparency, Thomson Reuters is dedicated to creating AI solutions that not only augment professional capabilities but also adhere to the highest ethical standards. Thomson Reuters is also investing in AI learning and development programs for its 26,000 colleagues globally, delivering ongoing training and access to technology built in alignment with its AI and Data Principles. In addition, the organization also created Distinguished Scientist and Engineering pathways to ensure Labs colleagues can continue to grow in their careers as they help grow TR's solutions. About Thomson Reuters: Thomson Reuters (TSX/Nasdaq: TRI) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth, and transparency. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news. For more information, visit CONTACT SOURCE Thomson Reuters
