Business Wire
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Business Wire is a leading global news distribution service founded in 1961 by Lorry Lokey. Since 2006, Business Wire has been a wholly owned subsidiary of Warren Buffett's Berkshire Hathaway. Business Wire has approximately 28 offices in the United States and offices worldwide in Brussels, Frankfurt am Main, Hong Kong, London, Paris, Tokyo, Sydney and India. Business Wire is the only provider that also has local newsrooms worldwide.
Business Wire supports companies, agencies and organizations in the worldwide distribution of product, corporate and mandatory news.
Business Wire is a news service provider for listed companies in all major international financial markets and ensures the synchronous and simultaneous distribution of mandatory announcements and corporate news to regulatory authorities, stock exchanges, the general public and the media. Business Wire enables the fulfilment of mandatory publicity in the USA, Canada and Great Britain and, since January 2007, in twelve countries of the European Union in accordance with the European Transparency Directive. The news is distributed to the media, analysts and investors via the terminals of international news agencies such as AFP Agence France-Presse, AP Associated Press, Bloomberg, Dow Jones and Thomson Reuters. Furthermore, the news is available via internet portals and online media.
Questions and Answers
Q: What is Business Wire?
A: Business Wire is a subsidiary of Berkshire Hathaway that disseminates full-text press releases from various companies and organizations globally to multiple audiences, including news media, financial markets, investors, social networks, databases, and information websites.
Q: What does Business Wire do?
A: Business Wire sends out full-text press releases from thousands of companies and organizations worldwide to a diverse audience that includes news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, social networks, and other audiences.
Q: What is the purpose of Business Wire?
A: The purpose of Business Wire is to provide a reliable, efficient, and cost-effective means for corporations and organizations to disseminate their press releases to the public quickly and effectively.
Q: Does Business Wire belong to any company or organization?
A: Yes, Business Wire is a subsidiary of Berkshire Hathaway.
Q: Who benefits from Business Wire?
A: Business Wire provides benefits to a diverse audience that includes news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, social networks, and other audiences. Additionally, corporations and organizations that use Business Wire's services benefit from a reliable and efficient way to disseminate their press releases.
Q: What types of organizations use Business Wire's services?
A: Business Wire's services are utilized by thousands of companies and organizations worldwide from various industries such as healthcare, technology, finance, retail, and manufacturing.
Q: Are there any limitations to Business Wire's services?
A: Business Wire's services may not be available in all regions or for all types of press releases. Some restrictions may apply based on the nature of the announcement or local regulations in the target audience's region.
