Feb 08 2012 23:30 GMT Phone hacking costs near $200m for News CorpThe UK newspaper scandal that forced News Corp to shut the News of the World has cost Rupert Murdoch's media group at least $195m so far, it said as it warned that it could not predict its future outlay on lawyers' fees and civil settlements with phone hacking victims. Second-quarterBy Andrew Edgecliffe-Johnson in New York |
Feb 03 2012 19:25 GMT Reuters journalists plan two-day strike over payEditorial staff at Thomson Reuters in London are planning a two-day strike, the first such action at the news agency for 25 years. "The company's refusal to improve its below-inflation offer of 1.75 per cent, which follows years of effective pay cuts, has compelled journalists to vote overwhelmingly for strikeBy Salamander Davoudi in London and Andrew Edgecliffe-Johnson in New York |
Jan 31 2012 19:55 GMT McGraw-Hill explores sale of education businessMcGraw-Hill is exploring the possibility of selling its $2.5bn-plus education business, after its previously announced plan to split the division from its Standard & Poor's financial arm prompted interest from private equity groups, three people familiar with the situation said. The US group declined to comment, and these people describedBy Andrew Edgecliffe-Johnson in New York |
Jan 24 2012 20:27 GMT Doubts over BarCap break banks' winning streakBarclays was among the sharpest fallers yesterday as London-listed banks ended their longest winning streak since 2005. The results next month will put pressure on management to restructure its investment banking operations, according to Exane BNP Paribas. A weak fourth quarter for Barclays Capital would "dominate the 2011 results andBy Michael Hunter |
Jan 19 2012 16:11 GMT Apple unveils iPad textbook storeApple has announced its long-awaited move into the digital textbook market, unveiling a new bookstore for its iPad tablet computers and a free new publishing tool to help authors create interactive, video-rich instructional materials. At an event in New York's Guggenheim museum, Apple emphasised both the potential to accelerate theBy Andrew Edgecliffe-Johnson in New York |
Jan 19 2012 14:16 GMT Demand for banks holds FTSE 100 steadyThe FTSE 100 once again traded above the key resistance level of 5,700 on Thursday, with financial stocks leading the way after further signs of improved conditions within eurozone capital markets. London's benchmark index traded 29 points higher at 5,731.04 in afternoon trade, setting course for a closin reading aboveBy Michael Hunter |
Jan 19 2012 09:13 GMT Pearson says earnings to beat guidancePearson, the education and information group that owns the Financial Times, said its full-year 2011 performance would beat previous guidance which pointed to earnings of 83p a share. The group said a strong performance in the fourth quarter meant that it was expecting to report growth, adjusted to remove one-offBy Ben Fenton, Chief Media Correspondent |
Jan 16 2012 22:21 GMT Bertelsmann ventures into online educationBertelsmann is making its long-awaited foray into education as anchor-investor in a $100m fund that aims to form partnerships with universities and vocational schools to offer online study and other types of courses worldwide. The German media group has put $50m (€40m) into University Ventures, run by a group ofBy Gerrit Wiesmann in Berlin |
Dec 22 2011 20:42 GMT New York probes Pearson FoundationThe attorney-general for New York state has opened an investigation into the Pearson Foundation, looking to establish whether trips it organised to international educational conferences were intended to influence state officials' decisions when awarding commercial contracts. The non-profit foundation is funded by Pearson, the parent company of both the FinancialBy Andrew Edgecliffe-Johnson in New York |
Dec 14 2011 21:19 GMT LSE in trade repository talksLondon Stock Exchange is in talks with UK regulators on the possibility of establishing a trade repository, or electronic data storage warehouse, that would handle over-the-counter (OTC) derivatives. The move is another sign that Xavier Rolet, chief executive, is diversifying the businesses beyond share trading. The LSE this week agreedBy Jeremy Grant |
