Bloomberg L.P.
Headquarters:
731 Lexington Ave.
New York, NY 10022
Employees: 15,000
CEO: Daniel Doctoroff
Website: http://www.bloomberg.com
Privately held
Career Page
Bloomberg is the leading provider of financial
news and data to corporations and institutions. The firm's main
service is the Bloomberg Professional terminal, which provides
stock and bond quotes, charts and news that are critical for
its users.
The firm has built a worldwide customer
base of corporations, issuers, financial intermediaries and institutional
investors. Clients include the world's central banks, investment
institutions, commercial banks, government offices and agencies,
corporations and news organizations.
Bloomberg has over 15,000 employees in 192 locations. Employment has grown by several thousand over the past two years.
Available 24 hours a day to more than 310,000 professionals in more than 126 countries, the Bloomberg Professional terminal seamlessly integrates data, news, analytics, multimedia reports and e-mail onto a single platform. It is used by market professionals around the world to make informed decisions and to complete transactions in any currency.
The company generates 85% of its revenue from the terminals and it charges a steep fee. According to the NY Times, each terminal costs $17,000-20,000 per year and few discounts are offered even into large companies.
In addition to the professional service, Bloomberg also has global news, television, radio, Internet and magazine operations. Bloomberg is also expanding with services for government, law, new energy finance and sports.
Bloomberg News, established in 1990, is a financial news wire service that has grown to include more than 1,600 reporters in 94 bureaus worldwide. It publishes over 5,000 stories and columns on business, general news, politics and sports to leading newspapers and magazines throughout the world, from the New York Times to the Asahi News.
Bloomberg Television is a 24-hour business
and financial news channel with 10 networks worldwide, produced
and distributed globally in seven different languages. It also
provides syndicated market and technology and personal finance
reports to local news stations and produces two half-hour magazine
format shows, Bloomberg Small Business and Bloomberg Personal
Finance.
Bloomberg Radio is syndicated through more
than 750 affiliates worldwide and gives listeners up-to-the minute
business, national and international news. Bloomberg's 24-hour
flagship station is 1130 WBBR-AM in New York.
The company was founded in 1981 by Michael
Bloomberg, who left investment bank Salomon Brothers with a $10
million severance. Bloomberg is now mayor of New York City and
one of the world's wealthiest men with an estimated net worth
of $4 billion.
In July 2008, Bloomberg repurchased a 20% stake in the company owned by Merrill Lynch for $4.425 billion.
Bloomberg acquired BusinessWeek magazine at the end of 2009 from McGraw-Hill for an undisclosed amount. The magazine is now called Bloomberg Businessweek.
Benefits
Global benefits include:
* Medical, Dental and Vision Coverage
* Life and Long-Term Disability Coverage
* Retirement Savings Plans
* Employee Assistance Plans
* Free organic snacks, fresh fruit, coffee, tea and beverages (available 24/7)
* Travel Insurance and Medical Benefits Abroad
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