Thomson Reuters Corp., which has been losing ground in its key business of financial data, is replacing Thomas Glocer as chief executive.

Thomson Reuters named-chief operating officer James Smith to succeed Mr. Glocer, only weeks after Mr. Smith became COO.  Until late September Mr. Smith had been chief executive of the Professional division.

The shake-up, effective Jan. 1, suggests that the controlling Thomson family has lost patience with Mr. GIocer’s efforts to turn around its Markets division, which sells packages of financial data, news and analytical tools to financial professionals.

Read the full story here:  http://www.wsj.com/articles/SB10001424052970204012004577072823791458322

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