Thomson Reuters Corp., the news and data provider created by a merger last year, said second-quarter profit more than doubled. The result was fueled by cost savings from the deal and demand for the Westlaw legal service. Net income advanced to $315 million, or 38 cents a share, from $150 million, or 19 cents, a year earlier, New York-based Thomson said today in a statement. Earnings excluding some items rose to 58 cents a share, compared with the 44-cent average estimate in a Bloomberg survey.
The company eliminated jobs and products to help achieve $925 million in annualized savings from integrating Reuters in the first half. Thomson Corp. bought Reuters Group Plc for $15.9 billion in April 2008, adding financial information to its legal databases and health-care data products
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