Who will profit from the standards?
WHO WILL PROFIT FROM THE STANDARDS?
FROM THE WALL STREET JOURNAL
• MARCH 2, 2010
Education Unit Helps Lift Pearson's Net Profit
By PAUL SONNE
Education and publishing company Pearson PLC reported a 46% jump in 2009 net profit to £425 million ($648 million) Monday, boosted by an education business that CEO Marjorie Scardino says could be helped further by U.S. President Barack Obama's push for common state standards in math and reading.
Pearson's North American education division, which comprises the company's largest business and includes Prentice Hall, reported £2.47 billion in sales for 2009, a 5% increase at constant exchange rates.
Overall, the company reported £5.62 billion in sales, up 4% at constant exchange rates from £4.81 billion last
FROM THE WALL STREET JOURNAL
• MARCH 2, 2010
Education Unit Helps Lift Pearson's Net Profit
By PAUL SONNE
Education and publishing company Pearson PLC reported a 46% jump in 2009 net profit to £425 million ($648 million) Monday, boosted by an education business that CEO Marjorie Scardino says could be helped further by U.S. President Barack Obama's push for common state standards in math and reading.
Pearson's North American education division, which comprises the company's largest business and includes Prentice Hall, reported £2.47 billion in sales for 2009, a 5% increase at constant exchange rates.
Overall, the company reported £5.62 billion in sales, up 4% at constant exchange rates from £4.81 billion last