Business Wire Changes Release of Information

Business Wire, a website that posts news releases about corporate developments is planning to stop releasing information to the press before the information is accessible by the public. The company claims that by allowing the press a window of 15 minutes before investors receive news, Wall Street was able to get a leg up on important investment information.

"Individual investors today are looking for corporate information on the Internet," said Business Wire chief operating officer Cathy Baron Tamraz in a statement. "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."

It’s expected that competing sites will have to adopt the same information dissemination practices to meet investors' demands for receiving the best information possible.

You may like these other stories...

As two of the accounting world's major governing bodies—the FASB and the IASB—converge, they're scrutinizing how businesses track lease expenses. Under existing accounting standards, a majority of leases...
A new survey from online accounting software provider Xero found that nearly 90 percent of small businesses are forecasting an increase in revenues next year, while 21 percent are expecting growth of more than 100 percent....
More and more businesses are adopting the cloud in order to take advantage of benefits such as greater efficiency, increased productivity and lower costs. Companies in general are flocking to the cloud for email hosting,...

Already a member? log in here.

Upcoming CPE Webinars

Oct 9In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards.
Oct 15This webinar presents the requirements of AU-C 600, Audits of Group Financial Statements (Including the Work of Component Auditors).
Oct 21Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience’s communication style.
Oct 23Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.