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Financial information company and owner of S&P Indices and CME Group, McGraw-Hill has established a new joint venture in the rapidly growing index business. Under the terms of the agreement, McGraw-Hill will contribute its S&P Indices business and the CME Group/Dow Jones joint venture will contribute the Dow Jones Indexes business to create S&P/Dow Jones [...]
NEW YORK/BANGALORE, May 9 (Reuters) – LinkedIn Corp has priced its closely watched initial public offering at a bargain compared to rivals such as Renren Inc, underscoring growing caution over social media valuations. The debut of the social network for professionals founded by ex-PayPal executive Reid Hoffman values the nine-year-old firm at $3 billion. At [...]
When Amazon revealed it now sells more digital books than print, it represented a permanent shift for the publishing industry. Borders’ bankruptcy filing only drives home the point. More Americans consume daily media online than anywhere else, and, as the tablet business continues to expand, a growing number of people all over the world will [...]
NEW YORK (Reuters) – McGraw-Hill Cos Inc (MHP.N), a textbook publisher and owner of the Standard & Poor’s ratings service, is dropping out of the auction for Interactive Data Corp (IDC.N), sources briefed on the matter said. Interactive Data, which sells financial information and analytical tools to banks and financial institutions, has been through one [...]