Reuters 1991 Earnings Report Disappoints Still No Launch Date For Dealing 2000-2

TECHNOLOGY

Reuters Holdings PLC said client-site tests of its Dealing 2000-2 order-matching system have been completed successfully, echoing initial indications from some users (FX Week, February 7). But the company failed to deliver a launch date for the service, which has been plagued by delays since its announcement in 1988.

The nonemergence of a launch date--combined with the announcement of slow revenue growth in 1991--disappointed some analysts, investors and observers: following an extended rise in

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Banca Italease restructures after losses

MILAN – Banca Italease is to reorganise its risk management and control processes, following the announcement of a net loss of €686 million ($937 million) from its derivatives business.

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