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The 173-year-old company, which sold the Financial Times newspaper and its stake in The Economist magazine in 2015 to concentrate on education, has been hit by a recovering U.S. economy which has encouraged more people to enter employment, hitting college enrolment numbers. Students have also increasingly been using second-hand books and renting courseware, leading to a 30 percent decline in net revenues in the North American higher education courseware market in the final quarter of 2016. “The education sector is going through an unprecedented period of change and volatility,” Fallon said. “Our higher education business declined further and faster than expected in 2016.” Pearson said cost cutting would enable it to hit 2016 operating profit guidance but that the 2017 figure would be around 180 million pounds ($222 million) lower than expected a year ago. It sees 2017 operating profit between 570 million and 630 million pounds, driving adjusted earnings per share (EPS) of between 48.5 pence and 55.5 pence. Analysts had expected operating profit of 704 million and EPS of 64 pence. http://newjonathangordon.universitypunjabi.org/2017/01/21/some-updated-answers-on-trouble-free-solutions-in-tips-for-medical-interviewIt has withdrawn its operating profit goal for 2018 and said it would have to “rebase” its dividend from 2017 onwards. Pearson, which owns 47 percent of the Penguin Random House book venture with Bertelsmann, said it may seek to sell its stake or recapitalise the business and extract a dividend in order to protect its balance sheet. Bertelsmann said it was open to increasing its stake.
For the original version including any supplementary images or video, visit http://www.cnbc.com/2017/01/18/reuters-america-update-2-pearson-shares-plunge-after-another-profit-warning.html
Two Garden City Police Officers and one Police Recruit took their oaths of office at the January 12, 2017 Board of Trustees meeting, bringing the Village department complement to 52. Trustee Stephen Makrinos, who serves as Commissioner, did the honors. The three men were given the opportunity to work for the Garden City Police Department after a comprehensive selection process. During the interview process, both Inspector Doyle and I were impressed with the skills and qualifications of each of these candidates, Police Commissioner Kenneth Jackson said. Matthew Egan was born and raised in Islip. He received his Associates degree in criminal justice from Suffolk County Community College in 2012 and has been a Police Officer with the New York City Police Department (NYPD) since 2013. While employed with the NYPD, Officer Egan received specialized training in several areas, including drug field testing, firearms tactics, Hazmat, crisis intervention, property evidence tracking system and site protection and document screening. His first assignment with the NYPD was patrolling housing projects in east Harlem; moving on to the patrol of numerous housing projects in the borough of Brooklyn. Shortly thereafter Officer Egan was recruited for special assignment to the Times Square Foot Patrol Unit in the Midtown section of Manhattan.
For the original version including any supplementary images or video, visit http://www.gcnews.com/news/2017-01-20/Community/Garden_City_Police_Officers_Recruit_take_oaths.html