The Professional Division also encompasses the company's largest revenue source, the Legal business, along with the Intellectual Property & Science unit. The Markets division, which was reorganized this year after unhappiness with its performance, has products for financial services companies and investment and advisory businesses. Bloomberg is one of the unit's major competitors.
Thomson to Drop Divisions
Thomson Reuters says it plans to disband its divisional structure and transition to what it termed "a set of focused business units." It will make that change in 2012 and eliminate its Markets and Professional divisions. The company's Tax & Accounting business falls under the Professional Division.