Sales at education giant Pearson (PSON.L) fell 10% in the three months to September as a slump in its textbook and testing business eclipsed a rise in online learning.
It was the third consecutive quarter of decline, but an improvement on the second quarter’s 28% fall.
The FTSE 100 publisher, which is transitioning from traditional textbooks to digital, has suffered from tumbling sales this year as schools and testing centres shut in response to the COVID-19 pandemic.
However, digital revenue did manage to soften the pandemic blow as its online education business posted a 32% increase.
Enrolment in virtual schools jumped 41% in the first nine months of the year but overall sales were 14% lower in the period compared with 2019.
Visa (NYSE:V) stock has quickly remade the ground it lost due to the novel-coronavirus pandemic. Shares of the multinational financial-services firm are now up almost 9% in 2020, despite the shares falling to as low as $133.93 per share in March. Bulls who bought Visa stock at that point are now laughing their way to the bank.
PALOS HILLS, IL — Moraine Valley Community College will offer more than 100 general classes available in the late fall. Classes start Oct. 19 or later.
Many late-starting classes offered are general education courses such as General Biology I, Intro to Computer Systems, Composition I, Principles of Macro-Economics, Western Humanities I, Probability and Statistics, General Sociology as well as Air Conditioning Theory, Network Services, Microsoft Excel and Principles of Operations Management. Most of these are eight weeks long while others are shorter.
Moraine Valley also has classes for those interested in transferring to four-year colleges or universities by earning associate degrees in Arts, Fine Arts, General Studies, Engineering Science, Applied Science or Science.
Students can choose from several career programs offered, including Allied Health and Nursing, Business and Computer Sciences,
Ynot Italian founder Tony DiSilvestro is unequivocal about how the loss of an Old Dominion University football season and a truncated fall semester have affected his business.
“It’s been really tough,” DiSilvestro said.
Businesses near the campus of ODU have been through mandated closures and restrictions on their capacity, but the fall semester has brought with it more trouble: no sporting events and a decreased student presence on campus.
Ynot is the ticket sponsor for both ODU athletics and campus events and also sells its pizza at football games and during events in the Chartway Arena. DiSilvestro said the lack of events has taken a huge chunk out of his company’s business.
Even his physical location in Ghent has been suffering due to a late start and a lack of ODU students. University leaders decided to start the fall semester two weeks later than expected and operate with a mix
Are you looking for a day trip to a pumpkin patch or corn maze to celebrate the season? Check out these Central Texas pumpkin patches to get into the fall spirit:
Morath Orchard began as a small family farm in 1981 near Wichita Falls. They recently just opened a five-acre corn maze. The creator, Will Morath, says it took about 12 hours to mow down. The design is the shape of Texas with a pumpkin in the middle. The maze takes about 30 minutes to complete. It’s 8 bucks for adults, 4 for kids, and free for kiddos four and under. There’s also a five-acre pumpkin patch on-site. Learn more HERE.
Harvest the Fall fun at Sweet Berry Farm!
This Marble Falls farm has over 60 acres of fun activities for
COLUMBUS, Ohio—Initial claims for unemployment benefits in Ohio rose last week for the third week in a row, even as the number of continued claims fell for a second straight week.
For the week of Sept. 20-26, 18,592 initial jobless claims were submitted — an increase of 648 claims, or about 3.6%, compared to the previous week, according to an Ohio Department of Job and Family Services release.
Ohioans filed 299,030 continued unemployment claims last week, down 2,244 claims, or about 0.7%, from the week before. The week before, the number of continued claims fell about 6%.
ODJFS has cited continued jobless claims as a sign of whether people are returning to work after coronavirus shutdowns earlier this year. Since the height of the coronavirus crisis last spring, when state “stay-at-home” and business closure orders resulted in record unemployment filings, the number of new and continued claims has generally fallen
Stocks fell Tuesday after President Donald Trump said he opposed House Democrats’ $2.2 trillion virus relief proposal, effectively stamping out hopes that another round of fiscal stimulus to aid the virus-stricken economy would come before the election.
[Click here to read what’s moving markets heading into Wednesday, October 7]
“We made a very generous offer of $1.6 Trillion Dollars and, as usual, she is not negotiating in good faith,” Trump wrote in a Twitter post Tuesday afternoon. “I am rejecting their.. … request, and looking to the future of our Country. I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business.”
Stocks, which had traded mixed earlier in the day, fell sharply, with the Dow dropping more than 250 points, or about 0.9%. The Nasdaq underperformed, dropping 1%.
Levi Strauss & Co. shares soared more than 9% Tuesday after the denim maker reported online sales growth of 52%, which helped offset losses elsewhere in the business during the fiscal third quarter.
Management told analysts it expects the strong performance will continue into the holiday quarter, though it is calling for sales to be down 14% to 15% year over year during the period, assuming the pandemic does not worsen. The company also said it will stop paying a dividend in the fourth quarter, but it aims to resume payouts in 2021, should the positive trends continue.
Levi’s third-quarter sales fell 27% due to coronavirus pandemic-related store closures, and net income tumbled 78%. But the declines were less than the company had anticipated, topping internal targets.
CEO Chip Bergh cited recent investments in building out Levi’s direct-to-consumer business for the stronger-than-expected performance. The company also gained market share in
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Britney Spears has always been ahead of one of this year’s biggest footwear trends: “ugly” sandals.
Considered traditionally “ugly” in the world of fashion, the singer’s sandals added her a growing list of stars — including Katie Holmes, Kendall Jenner and Chris Pine — who are trading out their chic footwear for more sport-style or orthopedic-inspired sandals from brands like Birkenstock, Teva, Prada and more.
For the “Toxic” singer, though, her love for Birkenstock sandals predates this year’s trend — she’s been wearing the brand’s Arizona silhouette for years. Just yesterday, she proved once more why she is a master of the “ugly” sandal trend in yet another design from Birkenstock matched to skinny jeans and a