Thomson Reuters Reports Better-Than-Expected Profit

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By: Jennifer Saba | Reuters

News and information company Thomson Reuters Corp on Wednesday reported a higher-than-expected quarterly profit on a 1 percent rise in revenue, boosted by growth in its Tax & Accounting and Legal divisions.

The company also announced a plan to buy back up to an additional $1 billion (591 million pounds) in shares through the end of 2015 after completing a $1 billion programme announced last October.

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