Morningstar saw a 12.2-percent drop in net income on 13.9-percent rise in revenue. But for employees and the company the earnings change reflected some good news. That included higher sales commissions as sales improved and the company began restoring suspended employees benefits, including partially reinstating matches to employee contributions to the 401(k) plan in the United States. And margins declined largely because of a decision to increase employee bonuses. Read more...

Although Thomson Reuters reported an 8-percent drop in operating earnings and a 2-percent decline in revenue for the second quarter ended June 30, its Tax and Accounting business showed an 8-percent increase in revenue. The latter's performance came as its Workflow & Software Solutions area recorded a 12-percent increase because of the growth of income tax and the global tax business.

The economy pushed revenue down by almost 2 percent for the Bureau of National Affairs for the 24-week period ended June 19. But cost-cutting and a good performance from its software business helped it to an 18-percent rise in net income for the same period.

Wolters Kluwers, parent to CCH, reported a period of flat revenue for the first half ended June 30 with profit down 5 percent over last year’s corresponding half company-wide revenue was about $2.24 billion, virtually unchanged when measured in euros. It Tax and Accounting business did better than the corporate average with revenue up 2.5 percent and EBITA up 1.6 percent. While not spelled out in financial tables, the company had 7 percent organic growth in its core tax market in North America.