Bloomberg L.P. Bloomberg L.P. is an American multinational financial news corporation.

Bloomberg makes up one third of the $16 billion global financial data market with estimated revenue of $6.9 billion in the year to 2009. Bloomberg L.P. was founded by Michael Bloomberg with the help of Thomas Secunda, Duncan MacMillan, and Charles Zegar in 1981 and a 30% ownership investment by Merrill Lynch. The company provides financial software tools such as analytics and equity trading platform, data services and news to financial companies and organizations around the world through the Bloomberg Terminal (via its Bloomberg Professional Service), its core money-generating product. Many customers use only a small fraction of the machine's 30,146 functions. Bloomberg L.P. has grown to include a global news service, including television, radio, the Internet and printed publications. Its current headquarters are located at the Bloomberg Tower, in Midtown Manhattan, New York City. The building is also known as One Beacon Court for the lighted rectangular beacon that caps the tower and the paved courtyard at the ground level. Bloomberg L.P. was formed as a Delaware Limited Partnership in 1981 and has been in business since 1983. Michael Bloomberg owns 85% of the partnership. Bloomberg's core business is leasing terminals to subscribers. It also runs Bloomberg Television, a financial Television network, and a business radio station WBBR in New York City at a loss. Bloomberg's revenue for 2009 was estimated at $6.25 billion. Based on that estimate, the new projections would push revenue to nearly $6.9 billion for 2010. There are currently over 300,000 Bloomberg Terminal subscribers worldwide. Its competitors include SNL Financial, Interactive Data Corporation, Thomson Reuters, Capital IQ, Dow Jones Newswires, FactSet Research Systems and smaller companies such as New York Financial Press. In late 1996 Bloomberg bought back one-third of Merrill Lynch's 30 percent stake in his company for $200 million valuing the company at $2.0 billion. In July 2008, Merrill Lynch agreed to sell its 20% stake in the firm back to Bloomberg, for a reported $4.43 billion, valuing the firm at approximately $22.5 billion.

Website http://www.bloomberg.com Youtube Channel http://www.youtube.com/user/Bloomberg

Michael Bloomberg

Michael Rubens Bloomberg (born February 14, 1942) is the current Mayor of New York City. With a net worth of $19.5 billion in 2011, he is also the 12th-richest person in the United States. He is the founder and 88% owner of Bloomberg L.P., a financial news and information services media company. A Democrat before seeking elective office, Bloomberg switched his registration in 2001 and ran for mayor as a Republican, winning the election that year and a second term in 2005. Bloomberg left the Republican Party over policy and philosophical disagreements with national party leadership in 2007 and ran for his third term in 2009 as an independent candidate on the Republican ballot line. He was frequently mentioned as a possible independent candidate for the 2008 presidential election, which fueled further speculation when he left the Republican Party. There was also speculation that he would run as a vice-presidential candidate. Bloomberg did not, however, seek the presidency nor was he selected as a running mate by any of the presidential candidates. In the fall of 2008, Bloomberg successfully campaigned for an amendment to New York City's term-limits law, in order to allow him to run for a third term in 2009. Bloomberg won the election on November 3, 2009.

Early life
He was born at St. Elizabeth's Hospital in the Brighton neighborhood of Boston on February 14, 1942. His family was Jewish. His father, William Henry Bloomberg (19061963), was a real estate agent, and the son of Alexander "Elick" Bloomberg, an immigrant. His mother, Charlotte Rubens Bloomberg, was born on January 2, 1909, in New Jersey, the daughter of a Russian-born immigrant and a New Jerseyborn mother. She died, aged 102, on June 19, 2011. The family lived in Allston, Massachusetts, until Michael Bloomberg was two years old; they then moved to Brookline, Massachusetts, for the next two years, finally settling in Medford, a Boston suburb, where he lived until after he graduated from college. Bloomberg is also an Eagle Scout.[12][13]. Bloomberg attended Johns Hopkins University, where he joined Phi Kappa Psi, worked as a parking lot attendant to pay his tuition, and graduated in 1964 with a Bachelor of Science in electrical engineering. Later he received his Master of Business Administration from Harvard Business School.

Michael Bloomberg

Michael Bloomberg in 2007 108th Mayor of New York City[1] Incumbent Assumed office January 1, 2002 Preceded by Rudy Giuliani Personal details Michael Rubens Bloomberg February 14, 1942 (age 70) Born Boston, Massachusetts, U.S. Democratic Party (until 2001) Political Republican Party (20012007) party Independent (2007present) Domestic Diana Taylor partner Upper East Side, Manhattan, New Residence York City, New York, U.S. Johns Hopkins University (BS) Alma mater Harvard University (MBA) Businessman, politician, Occupation philanthropist Reform Judaism[2] Religion US$19.5 billion (2011)[3] Net worth Signature Website Official NYC Mayoral website MikeBloomberg.com