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McGraw-Hill Education Acquires Tegrity
Monday, October 4, 2010 - 7:39am | 91McGraw-Hill Education, a division of The McGraw-Hill Companies, Inc. (NYSE: MHP), today announced the acquisition of Tegrity, Inc., a privately held company. The terms of the acquisition were not disclosed. Tegrity's service acts, in part, as a fully searchable digital video recorder for the...
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Dear Las Vegas,
Sunday, October 3, 2010 - 8:08am | 616Dear Las Vegas, Upon reading the New York Times article this morning concerning your overall lack of recovery, a few thoughts sprang to the collective American mind that we thought we'd pass on, if only as a means of reopening the lines of communication on our terms. The gist of the story is that...
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Hugo Lindgren Named Editor of The New York Times Magazine (NYT)
Thursday, September 30, 2010 - 1:57pm | 111The New York Times (NYSE: NYT) announced today that Hugo Lindgren has been named editor of The New York Times Magazine effective October 25. He will report to New York Times Executive Editor Bill Keller. “Hugo is a gifted editor and we are excited to have him take this journalistic treasure to its...
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Harman Newsweek LLC Purchases Newsweek from The Washington Post
Thursday, September 30, 2010 - 10:18am | 34The Washington Post Company (NYSE: WPO) today announced that Harman Newsweek LLC has purchased Newsweek magazine. The agreement with Dr. Sidney Harman was announced on August 2, 2010.
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Unconfirmed Rumor that The McClatchy Company (MNI) will be taken out by Private Equity at $7.50
Thursday, September 30, 2010 - 8:56am | 37Unconfirmed Rumor that The McClatchy Company (MNI) will be taken out by Private Equity at $7.50..Company could not be reached for comment (MNI).
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New PT For The New York Times
Tuesday, September 28, 2010 - 9:22am | 40The Benchmark Company has lowered the price target for The New York Times Company (NYSE: NYT) from $11 to $9 and has reiterates its Buy rating. The New York Times Company closed yesterday at $7.76.
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Wal-Mart's African Adventure Begins. Pay Attention.
Tuesday, September 28, 2010 - 8:00am | 1167Big news on the Frontier Investing front: The biggest retailer in the world is making a bold new push into what most regard as the final frontier market. There is plenty of doubt, but I'm going to give you the real story about how significant this move is for investors. When Wal-Mart first...
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Scholastic Corporation Announces Tender Offer to Purchase Up to $150 Million of Common Stock
Tuesday, September 28, 2010 - 7:18am | 127Scholastic Corporation (Nasdaq: SCHL) announced today that it has commenced a modified "Dutch Auction" tender offer to purchase up to $150 million of its common stock at a price not less than $27.00 per share or more than $31.00 per share. The number of shares proposed to be purchased in the...
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Gannett Co., Inc. Announces Completion of $500 Million Offering
Monday, September 27, 2010 - 9:10am | 68Gannett Co., Inc. (NYSE: GCI) today announced the successful completion of its previously announced private placement offering of $250 million aggregate principal amount of its 6.375% Senior Notes due 2015 and $250 million aggregate principal amount of its 7.125% Senior Notes due 2018. The Company...
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Brent Magid Joins Lee Enterprises Board of Directors
Thursday, September 23, 2010 - 3:12pm | 108Brent Magid, president and chief executive officer of Frank N. Magid Associates, Inc., has been elected to the board of directors of Lee Enterprises, Incorporated (NYSE: LEE). Frank N. Magid Associates is a nationally prominent research-based strategic consulting firm with offices in Minneapolis,...
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Late Market Roundup (TXN, TIF, WPO)
Thursday, September 23, 2010 - 12:45pm | 233Shares of Texas Instruments Inc (NYSE: TXN) gained about 1.9% after the Standard & Poor's upgraded the long-term corporate credit rating on the company from “A” to “A+” due to the conservative financial policies of the company. The outlook on the company's rating is stable. S&P credit...
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Benzinga's Volume Movers (SCHL, ASYS, SPWRB, SVNT)
Thursday, September 23, 2010 - 12:09pm | 168Scholastic Corporation (NASDAQ: SCHL) shares moved up 5.41% to $26.89 at 12:29 pm. The volume of SCHL shares traded was 429% higher than normal. SCHL has planned to repurchase around 5.6 million shares. Amtech Systems Inc (NASDAQ: ASYS) shares rose 6.50% to $17.05. The volume of ASYS shares traded...
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The Washington Post Company Declares Regular Quarterly Dividend of $2.25
Thursday, September 23, 2010 - 11:30am | 32The Washington Post Company (NYSE: WPO) today declared a regular quarterly dividend of $2.25 per share, payable on November 5, 2010, to shareholders of record on October 25, 2010.
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Micron Technology: Bull Case vs. Bear Case
Thursday, September 23, 2010 - 6:58am | 300NEW YORK (TheStreet) -- Bull Case Presented by Morningstar's (Nasdaq: MORN) John Ayling: "NAND-based solid state drives (SSDs) are a growth opportunity for Micron (Nasdaq: MU). SSDs, which store information in computers, may replace traditional hard drives." Bear Case Presented by Morningstar's...
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Scholastic Affirmed Its Fiscal 2011 Outlook
Thursday, September 23, 2010 - 6:50am | 64Scholastic (Nasdaq: SCHL) affirmed its fiscal 2011 outlook for total revenue of approximately $1.9 to $2.0 billion and earnings per diluted share from continuing operations in the range of $1.95 to $2.20, before the impact of any one-time items associated with cost reductions or non-cash, non-...