courtesy Barnes & Noble Inc.U.K.-based media giant Pearson PLC (NYSE: PSO) has made a “strategic investment” of $89.5 million in cash in Nook Media LLC, a joint venture between Barnes & Noble…
Two publishing giants have agreed to a merger that will create the world’s largest commercial publishing house. Random House — owned by Germany’s Bertelsmann A.G. — and Penguin — owned by the…
ThinkstockUpdated throughout the day on the 24/7 Wall St. Wire: Societe Generale has received requests for information regarding the Libor manipulation case. (Reuters) Credit Suisse Group A.G. (NYSE: CS) may start its…
Douglas A. McIntyre Two of the world’s four largest publishing houses, Random House — owned by Germany’s Bertelsmann AG — and Penguin — owned by the U.K.’s Pearson plc (NYSE: PSO) — have been holding…
Amazon.com Inc. (NASDAQ: AMZN) today announced a new Kindle reader called the “Kindle Paperwhite,” which includes a new front-lighting technology (called ‘paperwhite’) that allows the device to be used in the dark.…
The US Department of Justice is prepared to sue Apple Inc. (NASDAQ: AAPL) and five book publishers for colluding to lift prices on electronic books according to a report in The Wall…
Today’s announcement from Apple Inc. (NASDAQ: AAPL) regarding its new textbook app for the iPad included news that McGraw-Hill Cos. Inc. (NYSE: MHP), Pearson plc (NYSE: PSO), and Houghton-Mifflin Harcourt will offer…
Congress, close to a budget agreement, may avoid a government shutdown. (Reuters) Washington Mutual shareholders and creditors set a deal that could allow an exit from bankruptcy. (Reuters) The policy meeting of…
These are some of the top pre-market analyst upgrades we have seen early this Monday morning with more than two and a half hours to the market open: GlaxoSmithKline (GSK) Started as…
The rate of downgrades versus upgrades is still coming out with a much more negative bias from Wall Street. These are some of the downgrades and negative research calls we have seen…
We are seeing a historic event, and one which may outline the future of books. Google (NASDAQ: GOOG) has reached a settlement over its dispute with The Authors Guild and the Association…
These are among the top analyst Downgrades or negative analyst calls affecting shares this Monday morning in pre-market trading: Constellation Energy (NYSE: CEG) Downgraded to Underperform at Jefferies. Fidelity National (NYSE: FIS)…
Rupert Murdoch, head of News Corp (NWS) told Reuters that the tough economy is not hurting his company in the current quarter. Good news for his shareholders. But, the most important thing…
Those who believe that the newspaper industry is going the way of the Dodo and buggy whip and can’t conceive that enhanced online versions of papers can ever do especially wellought to…
Markets in Europe are lower at 6 AM New York time. The FTSE is off .5% to 6,187. Barclays (BCS) is down 2.4% to 596.5. Pearson (PSO) is down 1.5% to 737.5.…
