News

Thomson Reuters reported a 2 percent-rise in revenue for the second quarter ended June 2 percent. However, the figures issued this week reflect continuing operations, which means the soon-to-be-sold Financial & Risk operations were not included in totals.

H.D. Vest is continuing to cut its roster of advisors after trimming 16 percent in the last year. The parent company, Blucora, expects another roughly 300 will be cut by year’s end, CEO John Clendening said in a recent earnings webcast.

Gusto has raised $140 million in Series C venture funding. The online payroll application company, which was launched in 2012, said proceeds will be used to invest in new features and additions to its platform.

Xero has acquired Hubdoc, which makes document collection and management software, for $70 million in cash and Xero equity. The New Zealand-based cloud software company said this week Hubdoc, based in Toronto, Ont., will operate as a stand-alone unit.