The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Pearson, the world's biggest education company, said on Friday it had traded well in the first half of 2019 and would stick to its revenue guidance, as its strategy to shift away from textbooks towards digital learning begins to pay off.
Pearson posted underlying growth in all divisions, helped by good enrolment growth in its Online Program Management (OPM) business, and reiterated its forecast that sales would stabilize this year before rising in 2020 and beyond.
It also nudged up its adjust earnings per share (EPS) guidance. "We've had a good first half, with underlying growth across all divisions, as we start to benefit from accelerating our shift to digital," Chief Executive John Fallon said.
"We are on track to at least stabilize revenue this year and return the company to top line growth from 2020."
Pearson has posted more than five years of declines in sales but in February hailed a tipping point for a company that has been hammered by the sudden shift to digital learning.
It has been forced to cut thousands of jobs to shrink its cost base while investing in new digital platforms, but now expects its investments in that new technology to help the group to produce top-line growth.
The British firm upgraded its adjusted EPS guidance to be between 57.5 pence and 63.0 pence, reflecting improvements in the finance charge and taxation at exchange rates at the end of 2018. Previously it had expected adjusted EPS of 55.5p to 61.0p.
Pearson, which has in recent years sold assets including the Financial Times and a 50% stake in the Economist, said a strong performance in key growth areas such as OPM was more than offsetting expected declines in its U.S. higher education courseware and U.S. student assessment units.