Scholastic Revises Fiscal 2012 Third Quarter Results Following Connecticut Sales Tax Ruling Regarding School Book Clubs
NEW YORK, March 21, 2012 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL) announced today that it had revised its previously announced results for the third quarter ended February 29, 2012. Subsequent to reporting earnings on March 15, 2012, but prior to the issuance of its financial statements for the quarterly period ended February 29, 2012, the Company received notice that the Supreme Court of Connecticut had reversed an earlier trial court decision and found that Scholastic Book Clubs, Inc., a subsidiary of the Company, was liable for sales taxes relating to the operation of its school book clubs business in Connecticut.
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As a result of this decision, the Company ...
Profil Institute Continues to Publish New Findings in Metabolic Research
SAN DIEGO, March 21, 2012 /PRNewswire/ -- Profil® Institute for Clinical Research, Inc., a company focused on early phase clinical trials for diabetes and obesity, announced today its continued focus on contributing to scientific research in the public domain.
XanEdu and Flat World Knowledge Partner to Lower the Cost of College Course Materials
ANN ARBOR, Mich., Feb. 28, 2012 /PRNewswire/ -- XanEdu Publishing, Inc., a leading innovator of customizable course materials, and Flat World Knowledge, the largest publisher of expert-authored and peer-reviewed open college textbooks, announced today that they are partnering to offer a flexible way for educators to provide students with low-cost textbook and course pack alternatives.
Funt: Collegiate textbooks are seller's market
Just as parents try to get over the shock of this year's college tuition rates, the bills start piling up for peripherals -everything from desk lamps to laundry. So here's a question regarding one of higher education's most exorbitant non-tuition items: Why does a collegiate paperback such as "Vice and Virtue in Everyday Life" cost $133.95?