New Newswire…

Looking to elbow the increasingly crowded precincts of financial Web sites -- and go after the lunch of both Reuters and Bloomberg -- a new wire service has been proposed by
Pearson PLC and the Chinese government. The new service, to be called World Business News, will be a partnership among the Chinese government's Xinhua news agency, CBS Marketwatch
and France's AFX news. The service will be carried on the systems of Thomson and Moneyline Telerate. No date set on the launch.