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			{{short description\|American marketing/communications company}}
	]
			{{Infobox company
		⚫	\| name = Business Wire
			\| logo = BusinessWire Logo.png
			\| type = ]
			\| foundation = {{Start date and age\|1961}}
			\| founder = ]
			\| key_people = {{unbulleted list\|Geff Scott (])<ref>{{cite web\|url=http://newsroom.businesswire.com/executive_committee\|title=Executive Committee – Business Wire Newsroom\|website=newsroom.businesswire.com\|access-date=2016-08-04\|archive-url=https://web.archive.org/web/20160809153104/http://newsroom.businesswire.com/executive_committee\|archive-date=2016-08-09\|url-status=dead}}</ref>}}
			\| location = ]
			\| location_city = ], California
			\| location_country = ]
			\| locations = 29 (2018)<ref>{{cite web\|url=http://www.businesswire.com/portal/site/home/about/\|title=About Us\|website=businesswire.com}}</ref>
			\| owner =
			\| parent = ]
			\| website = {{URL\|https://www.businesswire.com}}
			}}

	'''Business Wire''' is a company that disseminates full-text ]s from thousands of companies and organizations worldwide to ], financial markets, ] systems, investors, information web sites, databases and other audiences.		'''Business Wire''' is an American company that disseminates full-text ]s from thousands of companies and organizations worldwide to ], financial markets, ] systems, investors, information web sites, databases, bloggers, social networks and other audiences.<ref>{{cite web\|url=http://www.adweek.com/fishbowlny/how-much-does-press-release-cost-business-wire-2013/199683\|title=Business Wire Pegs Press Release Costs Increase at 50%\|date=June 13, 2013\|first=Richard\|last=Horgan\|work=]\|access-date=January 7, 2017}}</ref><ref>{{cite web\|url=https://www.forbes.com/sites/cherylsnappconner/2013/08/28/do-press-releases-still-matter-yes-but-not-like-you-think/#51462db8938d\|work=]\|first=Cheryl\|last=Conner\|date=August 28, 2013\|title=Press Releases Still Matter, But Not For The Reasons You Think\|access-date=January 7, 2017}}</ref> It is a wholly owned ] of ].

		⚫	==History==
	The company distributes news via its own electronic network, NX, developed by its in-house tech team and using ]/]. It also has carriage agreements with major news agencies, including the ], ], ], ], ], Thomson One, and some 60 regional ], to deliver content directly into their newsroom editorial systems.
			Business Wire was founded in 1961<ref name="bloomberg">{{cite web\|title=Company Overview of Business Wire, Inc. \|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=1010108 \|website=Bloomberg Business \|access-date=September 15, 2015}}</ref> by ]. It started by sending releases to 16 media outlets in California.<ref name="stanford">{{cite web \|url=https://med.stanford.edu/news/all-news/2007/02/biography-of-lorry-i-lokey-founder-of-business-wire.html \|title=Biography of Lorry I. Lokey, founder of Business Wire \|publisher=] \|date=February 27, 2007 \|access-date=February 13, 2018}}</ref> Business Wire launched its website in May 1995.{{Cn\|date=December 2019}} In 2000, ahead of its main competitor ], Business Wire ended the practice of distributing news to financial outlets 15 minutes before anyone else, to provide immediate, equal access to company information as noted by the SEC's fair disclosure regulation (]).<ref>{{cite news \|url=http://www.prweek.com/article/1239494/15-minutes-business-wire\|first=Craig\|last=McGuire\|title=15 minutes are up at Business Wire \|work=] \|date=September 25, 2000\|access-date=January 7, 2017}}</ref>

			Business Wire's first wholly owned European operation launched in 2001, with the opening of an office in London.<ref>{{cite web \|url=http://www.prweek.com/article/108474/business-wire-launch-own-euro-office-london\|first1=Holly\|last1=Williams\|first2=Robin\|last2=Londner\|title=Business Wire to launch own Euro office in London \|work=] \|date=February 23, 2001\|access-date=January 7, 2017}}</ref> On June 1, 2005, Business Wire entered the German Ad-Hoc market with a disclosure network for companies with primary or secondary listings on the Deutsche Boerse. The service was established in compliance with ], Germany's national securities regulator. On September 15, 2005, Business Wire established Regulatory Disclosure networks in France, Sweden, Switzerland and Luxembourg. The move came in anticipation of the anticipated implementation of the EU's Transparency Obligations Directive (TOD). On January 1, 2007, ], the French Financial Markets Regulator, approved Business Wire to operate as a Regulatory Disclosure Service in France.
	Business Wire provides direct news feeds along with photo posting to ] Finance and other information web sites. It offers preset and fully customized ] news feeds upon registration (which is free). In 2007, the company added social media networking "tags" to news releases for services including Digg, del.icio.us, Newsvine and Reddit.

			On January 10, 2005, Business Wire established an Asian hub with the opening of its ], Japan bureau, and later that year added ], making the site available in seven languages. On January 17, 2006, ] announced that it was purchasing Business Wire for an undisclosed amount. This acquisition was completed on March 1, 2006.<ref>{{cite press release \|url=http://www.businesswire.com/news/home/20060301005454/en \|title=Berkshire Hathaway Completes Acquisition of Business Wire \|publisher=Business Wire\|date=March 1, 2006 \|access-date=January 7, 2017 }}</ref>
	The company's EON: Enhanced Online News service provides a platform for news announcements utilizing a variety of ] technologies, with ] features, social media tags to encourage online sharing of news, and interactive multimedia.

			In 2008, Business Wire partnered with ] to launch LatinoWire, a news distribution service that distributes brand content to Hispanic websites, media outlets, journalists and bloggers.<ref>{{cite news\|url=http://www.editorandpublisher.com/news/business-wire-launches-latinowire-in-venture-with-impremedia/\|title=Business Wire Launches 'LatinoWire' In Venture With ImpreMedia\|work=]\|access-date=January 7, 2017\|date=July 9, 2008\|archive-date=January 8, 2017\|archive-url=https://web.archive.org/web/20170108093943/http://www.editorandpublisher.com/news/business-wire-launches-latinowire-in-venture-with-impremedia/\|url-status=dead}}</ref> In 2011, Business Wire received a patent for the technological process of optimizing and distributing press releases to maximize their ability to be found and tracked in leading ]s.<ref name=":0">{{cite news \|url=http://searchengineland.com/warren-buffets-business-wire-awarded-patent-for-press-release-seo-94958 \|title=Warren Buffet's Business Wire Awarded Patent for Press Release SEO \|work=]\|first=Danny \|last=Sullivan\|date=September 29, 2011\|access-date=January 7, 2017}}</ref> The originality of the patent was questioned by SEO expert ].<ref name=":0" />
	Working with stock markets and regulatory authorities, Business Wire is an authorized disclosure vehicle in the US and Canada (with news networks, ] filings and ] filings), the UK (with Financial Securities Authority-sanctioned (FSA) services), France (with Autorité des Marchés Financiers-sanctioned (AMF) services) and other European markets including Germany, Ireland, Luxembourg, the Netherlands, Sweden and Switzerland.

			On September 23, 2013, Business Wire announces exclusive distribution partnership with ]<ref>{{cite web \|url=https://venturebeat.com/2013/09/23/business-wire-comes-on-as-new-partner/\|title=Business Wire Comes on as New Partner \|publisher=]\| access-date=January 7, 2017\|date=September 23, 2013}}</ref> On November 3, 2013, Business Wire opened its office in ].<ref>{{cite web\|url=https://www.bulldogreporter.com/psa-business-wire-announces-opening-of-hong-kong-full-service-office/\|title=PSA: Business Wire Announces Opening of Hong Kong Full-Service Office\|work=Bulldog Reporter\|date=November 4, 2013\|access-date=January 7, 2017\|archive-date=January 8, 2017\|archive-url=https://web.archive.org/web/20170108094517/https://www.bulldogreporter.com/psa-business-wire-announces-opening-of-hong-kong-full-service-office/\|url-status=dead}}</ref>
	In 2007, Business Wire established a pan-European disclosure service designed around the European Union's Transparency Obligations Directive (TOD) requirements. In addition to fulfilling financial disclosure requirements, Business Wire posts full-text news releases directly into major professional and individual investor systems.

			In January 2014, Business Wire launched a new news and content distribution enhancement service.<ref>{{cite web \|url=http://www.prweek.com/article/1280699/business-wire-adds-social-analytics-digital-services \|title=PSA: Business Wire Launches Interactive News Services \|work=]\|date=January 14, 2014\|first=Diana \|last=Bradley \|access-date=January 7, 2017}}</ref>
	Journalists can set up personal web, RSS and email news feeds based on their specific beat criteria.

			In April 2017, its chief executive officer and president, Cathy Baron Tamraz, retired and was replaced by longtime CFO Geff Scott.<ref>{{cite web \|url=http://www.foxbusiness.com/features/2017/05/07/warren-buffett-isnt-retiring-but-some-his-lieutenants-are.html \|title=Correction to Buffett's Lieutenants Article \|publisher=Fox Business\|date=May 8, 2017 \|access-date=October 2, 2017 }}</ref>
⚫	== History ==
	Business Wire was founded on ], ] by its current chairman, ]. ] is CEO and president. In 2006, the company has about 500 employees.

			==See also==
	Business Wire was the first service of its type to put its clients' news online, launching the company's website in May 1995.
			* ]

			==References==
	On ], ], ] announced that it was purchasing Business Wire for an undisclosed amount..
			{{reflist\|30em}}

	The acquisition of Business Wire by Berkshire Hathaway was completed on ], ].


	On ], ], Business Wire and Vocus, Inc. (NASDAQ:VOCS), announced the two companies entered into a strategic partnership in which Business Wire would use a private label version of Vocus’ ] press release distribution platform to provide a new search engine optimized (SEO) and social media distribution service. The platform is called .

	== Notable Events ==
	On ], ] the SEC filed suit against an Estonian trading firm, Lohmus Haavel & Viisemann (Lohmus) for illicit trading conducted as a result of financial information garnered by accessing more than 360 press releases on behalf of over 200 public companies from the Business Wire website ]. The releases were accessed via Business Wire's website during the 10 month period between January and November, 2005. Business Wire Chairman, Lorry Lokey issued a statement ] that no releases had been accessed prior to distribution, although employees of the Estonian firm, Oliver Peek and Kristjan Lepik had gathered $7.8 million in illegal profits during that time.

	==External links==		==External links==
	* ~~- main site~~		* {{Official website\|http://www.businesswire.com}}
	*
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	* Business Wire's U.S. Hispanic News Distribution Partner

	{{Berkshire Hathaway}}		{{Berkshire Hathaway}}

			]
			]
	]		]
			]
			]
			]
			]
	]		]

⚫	]
	]
	]

Latest revision as of 14:35, 26 April 2024

American marketing/communications company

Business Wire

Company type	Subsidiary
Founded	1961; 63 years ago (1961)
Founder	Lorry I. Lokey
Headquarters	101 California Street, San Francisco, California, U.S.
Number of locations	29 (2018)
Key people	Geff Scott (CEO)
Parent	Berkshire Hathaway
Website	www.businesswire.com

Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, social networks and other audiences. It is a wholly owned subsidiary of Berkshire Hathaway.

History

Business Wire was founded in 1961 by Lorry I. Lokey. It started by sending releases to 16 media outlets in California. Business Wire launched its website in May 1995. In 2000, ahead of its main competitor PR Newswire, Business Wire ended the practice of distributing news to financial outlets 15 minutes before anyone else, to provide immediate, equal access to company information as noted by the SEC's fair disclosure regulation (Reg FD).

Business Wire's first wholly owned European operation launched in 2001, with the opening of an office in London. On June 1, 2005, Business Wire entered the German Ad-Hoc market with a disclosure network for companies with primary or secondary listings on the Deutsche Boerse. The service was established in compliance with BaFin, Germany's national securities regulator. On September 15, 2005, Business Wire established Regulatory Disclosure networks in France, Sweden, Switzerland and Luxembourg. The move came in anticipation of the anticipated implementation of the EU's Transparency Obligations Directive (TOD). On January 1, 2007, Autorité des marchés financiers, the French Financial Markets Regulator, approved Business Wire to operate as a Regulatory Disclosure Service in France.

On January 10, 2005, Business Wire established an Asian hub with the opening of its Tokyo, Japan bureau, and later that year added Japanese, making the site available in seven languages. On January 17, 2006, Berkshire Hathaway announced that it was purchasing Business Wire for an undisclosed amount. This acquisition was completed on March 1, 2006.

In 2008, Business Wire partnered with ImpreMedia to launch LatinoWire, a news distribution service that distributes brand content to Hispanic websites, media outlets, journalists and bloggers. In 2011, Business Wire received a patent for the technological process of optimizing and distributing press releases to maximize their ability to be found and tracked in leading search engines. The originality of the patent was questioned by SEO expert Danny Sullivan.

On September 23, 2013, Business Wire announces exclusive distribution partnership with VentureBeat On November 3, 2013, Business Wire opened its office in Hong Kong.

In January 2014, Business Wire launched a new news and content distribution enhancement service.

In April 2017, its chief executive officer and president, Cathy Baron Tamraz, retired and was replaced by longtime CFO Geff Scott.

References

"About Us". businesswire.com.
"Executive Committee – Business Wire Newsroom". newsroom.businesswire.com. Archived from the original on 2016-08-09. Retrieved 2016-08-04.
Horgan, Richard (June 13, 2013). "Business Wire Pegs Press Release Costs Increase at 50%". Adweek. Retrieved January 7, 2017.
Conner, Cheryl (August 28, 2013). "Press Releases Still Matter, But Not For The Reasons You Think". Forbes. Retrieved January 7, 2017.
"Company Overview of Business Wire, Inc". Bloomberg Business. Retrieved September 15, 2015.
"Biography of Lorry I. Lokey, founder of Business Wire". Stanford Medicine News Service. February 27, 2007. Retrieved February 13, 2018.
McGuire, Craig (September 25, 2000). "15 minutes are up at Business Wire". PR Week. Retrieved January 7, 2017.
Williams, Holly; Londner, Robin (February 23, 2001). "Business Wire to launch own Euro office in London". PR Week. Retrieved January 7, 2017.
"Berkshire Hathaway Completes Acquisition of Business Wire" (Press release). Business Wire. March 1, 2006. Retrieved January 7, 2017.
"Business Wire Launches 'LatinoWire' In Venture With ImpreMedia". Editor & Publisher. July 9, 2008. Archived from the original on January 8, 2017. Retrieved January 7, 2017.
^ Sullivan, Danny (September 29, 2011). "Warren Buffet's Business Wire Awarded Patent for Press Release SEO". Search Engine Land. Retrieved January 7, 2017.
"Business Wire Comes on as New Partner". VentureBeat. September 23, 2013. Retrieved January 7, 2017.
"PSA: Business Wire Announces Opening of Hong Kong Full-Service Office". Bulldog Reporter. November 4, 2013. Archived from the original on January 8, 2017. Retrieved January 7, 2017.
Bradley, Diana (January 14, 2014). "PSA: Business Wire Launches Interactive News Services". PRWeek. Retrieved January 7, 2017.
"Correction to Buffett's Lieutenants Article". Fox Business. May 8, 2017. Retrieved October 2, 2017.

External links

Official website

Berkshire Hathaway

Board of
directors

Insurance

Alleghany Corporation
- TransRe
Berkshire Hathaway Homestate Companies
- Kansas Bankers Surety Company
Berkshire Hathaway Specialty Insurance
BoatUS
Central States Indemnity
GEICO
Gen Re
MedPro Group
National Indemnity Company
- Berkshire Hathaway Assurance
- GUARD Insurance

Materials and
construction

Furniture

Clothing

Apparel	Fruit of the Loom BVD Russell Athletic Spalding Vanity Fair Brands Exquisite Form Vassarette
Footwear	Brooks Sports Double-H Boots Justin Brands Chippewa Boots Justin Boots Nocona Boots Tony Lama Boots

Transportation

Food

Media

Business Wire
WPLG

Jewelry

Scott Fetzer

BH Energy

Other businesses

Major public
company ownership
positions

American Express (18%)
Apple (6%)
Bank of America (12%)
Coca-Cola Company (10%)
DaVita (32%)
Kraft Heinz (27%)
Moody's (13%)
RH (9%)

Category

Categories:

Latest revision as of 14:35, 26 April 2024

History

See also

References

External links