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In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.
Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy
into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending
on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial
Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will
rise and fall in value pretty much the same amount as the Dow or S&P.
You can also buy ETFs that invest in other
types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few
years, so there is no shortage of ETFs to invest in.
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Thursday, July 17, 2008
Scholastic Corporation Announces Date for Fourth Quarter and Full Year 2008 Earnings Release and Teleconference
Comtex
NEW YORK, Jul 17, 2008 (BUSINESS WIRE) ----Scholastic Corporation (NASDAQ:SCHL) announced the following schedule and teleconference information for its fiscal fourth quarter and full year 2008 earnings release:
-- Earnings Release: Thursday, July 24, 2008 at about 7:00 AM (Eastern) by public distribution and on the Company's website at www.scholastic.com.
-- Teleconference: Thursday, July 24, 2008 at 8:30 AM (Eastern) hosted by Richard Robinson, Chairman, President and CEO; and Maureen O'Connell, Executive Vice President, CAO and CFO. To participate in the conference call, please dial (888) 868-9079. The simultaneous webcast will be in listen-only mode via the Company's website at www.scholastic.com.
-- Archived Webcast and Audio Replay: The archived webcast and accompanying slides will be available on the Company's website shortly after the completion of the live call. An audio only replay of the call will be available toll-free at (800) 642-1687 or, for international calls, at (706) 645-9291 and by entering access code 52609115. The recording will be available through Wednesday, July 30.
About Scholastic:
Scholastic Corporation (NASDAQ: SCHL) is the world's largest publisher and distributor of children's books and a leader in educational technology and children's media. Scholastic creates quality educational and entertaining materials and products for use in school and at home, including children's books, magazines, technology-based products, teacher materials, television programming, film, videos and toys. The Company distributes its products and services through a variety of channels, including proprietary school-based book clubs and school-based book fairs, retail stores, schools, libraries, television networks and the Company's Internet Site, www.scholastic.com.
SOURCE: Scholastic Corporation
Scholastic Corporation Media: Kyle Good, 212-343-4563 Investor Relations: Jeffrey Mathews, 212-343-6741
Copyright Business Wire 2008
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