Pearson sales fall despite rise in online courses

Penguin books
Penguin books on a shelf. Last year Pearson struck a £530m deal to sell its stake in Penguin Random House. Photo: Stefan Wermuth/Reuters

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.

Watch: What is a recession?

Read More

Wait for Visa Stock to Fall Below $200 Before Buying It

a close up of a sign: several Visa (V) branded credit cards

© Source: Kikinunchi /
several Visa (V) branded credit cards

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.

a close up of a sign: several Visa (V) branded credit cards

© Provided by InvestorPlace
several Visa (V) branded credit cards

Considering the stock is still trading at a discount to its 52-week high of $217.35, many are wondering if the shares can climb further.

Visa Is Still Facing Adversity

Covid-19 is still very much a reality. This crisis is not expected to end until early next year. And Visa’s transaction volumes will probably not recover to pre-pandemic levels for awhile.

So the fact that the shares are now trading north

Read More

Register Now For Late Fall Classes At Moraine Valley

a sign in front of a brick building: Moraine Valley is offering more than 100 general education classes starting in the late fall.

© Moraine Valley Community College
Moraine Valley is offering more than 100 general education classes starting in the late fall.

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,

Read More

With few students and no fall sports, business dries up around ODU

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

Read More

Central Texas Pumpkin Patches To Check Out This Fall

Posted: Updated:

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

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

Read More

New unemployment claims in Ohio rise for third straight week, though renewed claims again fall

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

Read More

Stocks fall after Trump says he is ‘rejecting’ House Democrats’ $2.2 trillion stimulus proposal

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%.

Read More

Levi Strauss & Co. (LEVI) Q3 fiscal 2020 sales fall 27%

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

Read More

Britney Spears Masters the ‘Ugly’ Sandal Trend in Skinny Jeans & a Classic Flannel for Fall

Britney Spears smiling for the camera


Click here to read the full article.

If you purchase an independently reviewed product or service through a link on our website, we may receive an affiliate commission.

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

Read More