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Education publisher Pearson PLC (PSON.LN) said Thursday it will restructure its top management to focus on core educational categories and geographies as part of new Chief Executive John Fallon's GBP150 million reorganization of the business.The changes will see the departure of Will Ethridge, a 15-year veteran of the business, who will step down as chief executive of Pearson's North America division at the end of the year.The shake-up comes three months after Pearson reported a slump in profits after closing a U.K. business and warning of tough market conditions and structural industry change.At the time Mr. Fallon, who took up his post in January, outlined plans to aggressively focus on digital publishing and educational services as demand for hard-copy textbooks declines, and on lucrative emerging markets where the shift to digital is fast and under-penetrated.Pearson last year agreed to hive off its book publishing business Penguin into a joint venture with Random House, leaving it...
The former chief executive of BP PLC (BP), Tony Hayward, is to become the interim chairman of commodities trader Glencore Xstrata PLC (GLEN.LN), the Financial Times ...
Terry Farr, one of the brokers at the center of the world-wide investigation into alleged interest-rate rigging by banks has been fired, a person familiar with the m...
The chief executive of Argentina's state-run oil company YPF SA (YPFD.BA, YPF), Miguel Galuccio, is meeting Tuesday with Ali Moshiri, president of Latin America and ...
The head of the International Energy Agency on Tuesday urged the United States to decide quickly to allow crude exports, or the industry will find ways to get around...
More than 10,000 private messages sent by Bloomberg LP clients from their data terminals were leaked online during internal testing, the Financial Times reported. Th...
The Commodity Futures Trading Commission is conducting an inquiry into "exchanges of futures for swaps" transactions over the past two years, the Financial Times rep...
European Central Bank Executive Board member Joerg Asmussen said Monday that the European Union's mechanism for resolving struggling financial institutions should be...
The premiers of Spain and Portugal Monday expressed support for a quick push to create a banking union in the euro zone, joining a chorus of other European Union lea...
French Finance Minister Pierre Moscovici said Monday that Europe can go a long way within existing treaties towards creating a single authority for winding down fail...
Aviva PLC (AV) is in advanced talks with housing provider A2Dominion that could result in the insurer taking control of thousands of homes in London and the southeas...
The Libor benchmark interest rate is likely to be replaced by a system that has survey-based lending rates running alongside transaction-linked indices as soon as ne...
Aviva PLC (AV) is in advanced talks with housing provider A2Dominion that could result in the insurer taking control of thousands of homes in London and the southeas...
Reacting to a string of recent high-profile cyber heists, Twitter took a page from Google's (NASDAQ:GOOG) playbook on Wednesday and announced two-step password verif...
With high-profile cyber attacks on the rise, a spotlight shining on passwords has revealed a faulty system rampant with potential loopholes and a traditional passwor...
Hennes & Mauritz is looking to source clothes from Latin America and Africa as part of a rethink of its supply chain following the Bangladesh factory collapse last m...
Hennes & Mauritz is looking to source clothes from Latin America and Africa as part of a rethink of its supply chain following the Bangladesh factory collapse last m...
FBN's Diane Macedo breaks down late-morning market news.
Pearson's (NYSE:PSO) Financial Times reported Friday that several of its blogs and social media accounts were "compromised by hackers."The announcement, initially ma...
FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.
