BLOOMBERG MARKETS® magazine, the global magazine for finance and business professionals, is the first U.S. news organization to receive Brazil's Paul Donovan Kigar Prize for "social responsibility, conscience, vision and interest in the defense of mankind and nature."

The prize commission honored BLOOMBERG MARKETS magazine for its defense of Brazil's environmental resources in the story, "Plundering the Amazon." Authors Michael Smith and Adriana Brasileiro uncovered that multinational corporations are destroying the world's largest rain forest to build mines, farms and cattle ranches -- often in violation of national laws. The BLOOMBERG MARKETS magazine writers also cited major companies who purchase materials that result in illegal deforestation. Following publication, Cargill, Wal-Mart and four of the world's largest meat packers pledged to stop buying products that originate on deforested land.

BLOOMBERG MARKETS magazine has become a leader in providing readers with original analysis and enterprise reporting. The publication has earned more than 35 journalism and design awards in 2009 alone, including the Society of American Business Editors and Writers Award for General Excellence, and the Business Journalist of the Year Award for Best Magazine Story.

About Bloomberg

Bloomberg is the world's most trusted source of information for businesses and professionals. Bloomberg combines innovative technology with unmatched analytic, data, news, display and distribution capabilities, to deliver critical information via the BLOOMBERG PROFESSIONAL® service and multimedia platforms. Bloomberg's media services cover the world with more than 2,200 news and multimedia professionals at 146 bureaus in 72 countries. The BLOOMBERG TELEVISION® 24-hour network reaches more than 200 million homes. BLOOMBERG RADIO® services broadcast via Sirius XM Radio and WorldSpace satellite radio globally and on WBBR 1130AM in New York. The award-winning monthly BLOOMBERG MARKETS® magazine, the BLOOMBERG.COM® financial news and information Web site and BLOOMBERG PRESS® books provide news and insight to investors. For more information, please visit http://www.bloomberg.com.

The BLOOMBERG PROFESSIONAL service and data products are owned and distributed by Bloomberg Finance L.P. (BFLP) except that Bloomberg L.P. and its subsidiaries (BLP) distribute these products in Argentina, Bermuda, China, India, Japan and Korea. BLOOMBERG and BLOOMBERG NEWS are trademarks and service marks of Bloomberg Finance L.P., a Delaware limited partnership, or its subsidiaries. All rights reserved.

Bloomberg

Bloomberg

Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.

More from Bloomberg