NEW YORK AP – News and information provider Thomson Reuters Corp. said Thursday its second-quarter net income fell 8 percent on weakness in its legal and markets divisions.

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.