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 subsidiary of Berkshire Hathaway.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.[citation needed] 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. Business Wire Biography, NetWorth, Height, Age, Weight, Family, Married, Son, Daughter