Thomson Reuters Corporation announced the pricing of its offering of $500 million of 0.875% notes due 2016 and $350 million of 4.50% notes due 2043. The offering is expected to close on May 23, 2013, subject to customary closing conditions. Thomson Reuters plans to use the net proceeds of this offering for general corporate purposes, including to repay part of its $750 million principal amount of 5.95% notes due in July 2013 upon their maturity and its $250 million principal amount of 5.25% notes due in August 2013 upon their maturity.

Thomson Reuters Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues were USD 3,175 million against USD 3,315 million a year ago. Operating profit was USD 390 million against USD 364 million a year ago. Diluted loss per share was USD 0.04 against earnings per share of USD 0.35 a year ago. Cash flow from operations was USD 116 million against USD 267 million a year ago. Revenues from ongoing businesses were USD 3,097 million against USD 3,072 million a year ago. Adjusted EBITDA was USD 757 million against USD 772 million a year ago. The decline was entirely due to severance expense. Underlying operating profit was USD 462 million against USD 497 million a year ago. Adjusted earnings were USD 313 million against USD 320 million a year ago. Adjusted earnings per share were USD 0.38 against USD 0.39 a year ago. The impact of higher severance expense was partially offset by lower interest expense and a lower tax rate. Decrease of adjusted EPS of USD 0.01 was attributable to lower operating profit, driven primarily by the USD 78 million severance charge. Loss from continuing operations was USD 17 million against profit of USD 308 million a year ago. EBITDA was USD 855 million against USD 800 million a year ago. Loss attributable to common shareholders was USD 31 million against earnings of USD 294 million a year ago. Capital expenditures, less proceeds from disposals were USD 350 million against USD 280 million a year ago. As the company simplifies and consolidates technology and content assets in order to achieve greater efficiencies, the company took a USD 235 million tax charge in the first quarter of 2013 which was the primary driver resulting in an IFRS loss per share for the first quarter of 2013. The company increased its 2013 annual dividend by USD 0.02 per share to USD 1.30 per share. A quarterly dividend of USD 0.325 per share is payable on June 17, 2013 to common shareholders of record as of May 23, 2013. The company reaffirmed its business outlook for 2013. The company expects revenues to grow low single digits; adjusted EBITDA margin to range between 26% and 27%; underlying operating profit margin to range between 16.5% and 17.5%. For the full year, the company continues to expect to achieve free cash flow of between USD 1.7 billion and USD 1.8 billion. The company's 2013 outlook includes the impact of an expected USD 100 million of severance expense in 2013, USD 78 million of which was incurred in the first quarter. The effective tax rate for the year will be 11% to 13%.

Thomson Reuters Corporation announced the launch of a new family of environmental, social and corporate governance (ESG) indices. The Thomson Reuters Corporate Responsibility Indices were developed jointly with Thomson Reuters Corporation as an objective and transparent, rules-based benchmarking solution for measuring ESG performance. Thomson Reuters Corporate Responsibility Indices support Thomson Reuters vision to connect and enable the global financial community. They rate companies' performance and practices in the three key pillars of CSR investing: environmental, social and corporate governance practices. Unlike the majority of ESG indices, the indices mirror the performance of major global benchmarks via companies that have substantially higher ESG ratings than the weighted average for such indices as the S&P 500 or MSCI EAFE. The new indices are powered by 'dynamic' ratings based on the Thomson Reuters ASSET4 ESG database. The Thomson Reuters Corporate Responsibility Indices employ a large array of indicators, each having different levels of importance depending on the industry, country and regional focus of a company's operations. The ratings include a greater emphasis on quantitative outcomes than on qualitative corporate statements to ensure the indices are as objective and transparent as possible. The top ESG rated companies from each sector are included in the indices, which do not use negative screening to exclude certain industries. This process results in more accurate and diversified benchmarks. The first two sets of indices cover large capitalization stocks located in the US and the International Developed Ex- North America region (also known as EAFE). Composite ESG indices are available for these two regions, as well as indices for the two regions based on the individual Economic, Social and Governance pillars. Real Time index values will be available on Thomson Reuters desktops and feed products from May 30, 2013. The indices and ratings will also be available via an S-Network operated website, which will allow users such as advisors, students and the media an affordable way to not only benchmark against the index but also rate ESG performance of a portfolio of stocks.