S&P Global (NYSE: SPGI) today announced that it has acquired ProntoNLP, a leading provider of Generative Artificial Intelligence (GenAI) tooling, allowing users to derive differentiated insights from unstructured and structured data. ProntoNLP’s proprietary models and LLM-based signal tools will bolster S&P Global’s textual data analytics capabilities. Founded in 2021, ProntoNLP utilizes proprietary natural language processing (NLP) capabilities coupled with large language models (LLMs) for fast, efficient and deep analysis of unstructured financial data at scale. Powered by artificial intelligence (AI), the company offers a set of customizable solutions for event detection and sentiment scoring. ProntoNLP will be integrated within the S&P Global Market Intelligence division of S&P Global, and its intellectual property is expected to power broader enterprise-wide applications.

The pages of the 1942 Sears Christmas catalog held much that might seem quaintly old-fashioned today. The department store retailer’s easy payment plan, which could be laid out in a simple grid, has been replaced by sophisticated retail credit cards that offer various rewards and complex terms. The wooden toy tanks and metal fire trucks featured as Christmas toys are far more likely to be made of plastic and make electronic noise today. With World War II raging in Europe and the Pacific, the catalog advertised war bonds and products that could be sent to soldiers and even devoted pages to imploring readers to save spare nails for the federal government. The mere existence of a printed Sears catalog would be just as alien to today’s consumers. The retailer axed the paper catalog in the 1990s and Sears is hardly alone. But the printed catalog isn’t gone. In fact by some measures, in some sectors of retail, it’s thriving. Retailers still mail billions of catalogs every year, and tens of millions of consumers still make purchases based, at least in part, on images and copy printed in catalogs that find their way to mailboxes. Click Read More below for more of the story.

• Third quarter revenues of $814.5 million rose 116.3% as compared to the prior year, reflecting the acquisition of Legacy Gannett. *Same store pro forma revenues (as defined and reconciled below) decreased 19.6%, due to unfavorable impacts resulting from the COVID-19 pandemic and general trends adversely impacting the publishing industry. • Digital advertising and marketing services revenues were $197.2 million in the third quarter, or 24.2% of total revenues. • Over $218 million in annualized synergy measures were implemented by the end of the third quarter, with approximately $54.5 million in savings recognized in the quarter. • GAAP net loss attributable to Gannett of $31.3 million in the third quarter reflects $61.4 million of depreciation and amortization.