ECollege (Acquired By Pearson Education)

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The world’s largest education publisher, which in January saw almost £2bn wiped from its stock market value after issuing its fifth profit warning in two years, reported the record loss after taking a £2.55bn non-cash charge for impairment of goodwill reflecting trading pressures” in its North American businesses.pearson education

Until the New York attorney general cracked down in late 2013, Pearson’s charitable foundation made a practice of treating school officials from across …