Yahoo! Finance kicks Reuters, Provides Direct Feeds

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Thread Title:
Yahoo to Offer Financial Data Feeds
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Yahoo! will be giving Reuters the boot and will be running feeds direct from the stock exchanges and marketing those services to other sites. Forbes will be its first customer.

Craig Forman, vice president, information and finance, said that Yahoo would continue to license data from providers such as Reuters, but said the company wanted have "greater control and flexibility" over the financial data it receives and distributes.

"We're the No. 1 financial Web site on the Internet," Forman said, adding that Yahoo's Finance section -- http://finance.yahoo.com -- has gained enough recognition as a brand to be sold to other Web outlets.

"Now we're expanding that strategy of syndication to include financial information," Forman said.