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At the same time, Bloomberg is also expanding into businesses like stock and bond trading, a lucrative sector that is still largely dominated by banks like Goldman.
Despite the huge pullback created by the financial crisis, investment banking remains a lucrative sector for banks, bringing in high-profit, high-margin business.
It is a lucrative sector: legal fees alone average $8m per case, but they have exceeded $30m in some disputes; arbitrators' fees at start at $3,000 per day, plus expenses.
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AOL might be seeking to strengthen its presence in key verticals, and travel is a big, lucrative sector.
With average weekly pay of £540, it is a more lucrative sector to toil in than services (the average wage in shops is £300 a week).
But this joint enterprise of Skype and Microsoft is only one of several competitors in an increasingly lucrative sector of the telecoms market.
Medical tourism has been framed by local proponents as a viable and lucrative sector that should be developed as a natural extension of the country's existing tourism product [ 30– 30].
With a majority of Americans supporting the legalization of cannabis, an industry once viewed as an outpost for pariahs and stoners is rapidly gaining momentum as a viable and potentially lucrative sector within the business community.
Clearly, N&S (prop: Richard Desmond) is eager to take a bite out of this lucrative sector, so it launched TV Pick last week in rivalry with Bauer's TV Choice.
Banks once had a near monopoly on this lucrative sector, where people send more than $500bn£334bnbn) abroad each year.
"They basically can dominate the travel section of the Internet, which is the fastest-growing and most lucrative sector" online, said Larry Haverty, a State Street Research and Management analyst who owns USA shares.
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