Summary Box: Thomson Reuters 2nd quarter profit slips on weakness in legal, markets divisions

Summary Box: Thomson Reuters 2Q profit slips 8 pct

NEW YORK — PROFIT SLIPS: News and information provider Thomson Reuters Corp. says its second-quarter net income fell 8 percent on weakness in its legal and markets divisions.

RECESSION LINGERS: The company is still recovering from last year’s economic downturn, which put a crimp in budgets at many of the law firms and financial institutions that it counts as customers. Because it provides many of its services on a subscription basis, the falloff in new orders last year has continued to drag on revenue.

GROWTH AHEAD: Still, CEO Thomas Glocer says Thomson Reuters expects to return to revenue growth in the third quarter. The company believes growth in the second half of the year will leave full-year revenue flat to slightly down.