Cost Cuts Boost Thomson Reuters Profit

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By: Jennifer Saba | Reuters via Chicago Tribune

NEW YORK (Reuters) – Thomson Reuters reported a 2 percent rise in quarterly operating profit on Wednesday, largely due to cost cutting, and forecast higher revenue in 2013 as its division that serves financial institutions begins to turn around.

The global news and information company said it expects revenue to increase in the low single digits this year. Analysts had been forecasting a 2 percent rise.

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