Thomson Reuters Corp. forecast its costs would more than double for the year but revenue would only increase modestly. The estimate does not include the company's Financial & Risk unit, which sells data and news primarily to financial customers. The comparable cost figure for 2017, also excluding the Financial & Risk unit, was $244 million. Nevertheless, he remains positive on Thomson Reuters' prospects after the Financial & Risk transaction. Smith said he expects to stay on with the remaining Thomson Reuters business after the deal closes later this year.

Source: CBC News May 11, 2018 16:30 UTC