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Market Wire
From Wikipedia, the free encyclopedia
Market Wire, formerly known as Internet Wire and prior to that, "GINA", is a distributor of corporate press releases to media outlets including the Associated Press, Dow Jones & Company, Bloomberg, Reuters, Yahoo!, and MSNBC.
In April 2006, Market Wire was acquired by CCNMatthews of Canada to add to its North American news distribution service.
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In January 2005, Market Wire was selected as the North American newswire partner of the London Stock Exchange's Regulatory News Service ("RNS"), as well as the preferred partner of Deutsche Gesellschaft Fuer Ad-hoc-Publizitaet mbH ("DGAP"), which is a joint venture between the German Stock Exchange (Deutsche Boerse AG), Reuters AG and vwd GmbH.
On 2000-08-24, Mark Jakob, a former employee, used Internet Wire to send a fraudulent press release to the news media. The press release falsely reported that Emulex Corporation was suddenly in dire straits; several news outlets picked up the story the next morning, causing Emulex to lose 62% of its value in morning trading. The FBI later discovered that Jakob had shorted Emulex stock, and he was sentenced to 44 months in prison.[1]
- ^ "Defendant in Emulex Hoax Sentenced": Securities and Exchange Commission, Litigation Release No. 17094, August 8, 2001.
- Market Wire - official site
- CCNMatthews - official site