Table 10: This table lists and labels the topics identified from a large and representative dataset
of financial news from Reuters. The topics are listed in order from most to least common in the
corpus. For each topic code, I provide the fifteen terms in the vocabulary that are most likely to
appear conditional on that topic, as well as the frequency of that topic in the corpus.
Topic Label Most Common Terms Frequency
#1 Technology data, technology, companies, security, information, 23.83%
comment, including, according, government, card,
software, credit, declined, store, did
#2 Earnings & percent, year, sales, quarter, million, analysts, share, rose, 9.84%
Performance revenue, estimates, profit, earnings, fell, cents, average
#3 Financial million, year, bank, today, officer, financial, chief, 8.29%
Services according, statement, executive, firm, largest, new york,
investment, unit
#4 Automobile vehicles, cars, downturn, sales, automaker, deliveries, 6.48%
turnover, air, current, safety, in-house, auto, backlog,
switches, parts
#5 Air transport internet, service, search, aircraft, today, flight, plane, 6.22%
contract, engine, carrier, air, airline, satellite, web, traffic
#6 Litigation court, case, judge, federal, workers, law, claims, million, 5.96%
filed, trial, state, lawsuit, ruling, lawyers, attorney
#7 Management ceo, president, job, board, women, chairman, director, vice, 5.70%
named, executive, world, role, according, chief, leave
#8 Healthcare drug, patients, care, percent, flu, health, treatment, disease 4.92%
immunize, today, study, research, treatments, medical,
medicines
#9 Operations according, years, got, little, long, later, industry, great, 4.69%
left, good, costs, international, commercial, saying, end
#10 Business & year, percent, executive, chief, market, officer, brand, today, 4.63%
Strategy products, global, world, plans, month, second, sales
#11 Mergers & deal, offer, price, people, bid, shares, comment, buy, 4.40%
Acquisitions companies, analyst, takeover, shareholders, matter,
investors, call
#12 Advertising tv, like, food, video, according, subscribers, products, 4.15%
review, pay, media, content, digital, cable, website,
advertising
#13 Regulations offer, regulator, today, agency, government, information, 3.66%
review, adjudicate, statement, public, rules, letter, asked,
questions, mailed
#14 Retail stores, chain, retailer, sales, retail, years, home, online, 3.62%
customers, holiday, shoppers, foods, black, season, target
#15 Employees companies, time, people, make, week, including, work, 3.61%
interview, want, just, need, way, making, does, spokesman
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