ADVFN - Advanced Financial Network.
HOME» NYSE » P » PSO Stock Price » PSO Stock News

Pearson Share News

 Pearson Stock Price
PSO Stock Price
 Pearson Stock Chart
PSO Stock Chart
 Pearson Stock News
PSO Stock News
 Pearson Company Information
PSO Company Information
 Pearson Stock Trades
PSO Stock Trades

EU Welcomes Proposals From Publishers In E-Books Case

BRUSSELS -(Dow Jones)- The European Union's antitrust watchdog Wednesday welcomed proposed remedies from Apple Inc. (AAPL) and four other publishers following a transatlantic investigation into the way e-books are priced and sold. "In the context of its antitrust investigation into the distribution of e-books, the European Commission has received proposals of possible commitments from Apple and four international publishers," EU Competition Commissioner Joaquin Almunia said. "I welcome the fact that these five companies are making proposals to reach an early resolution of the case, so promptly after we opened proceedings." In December 2011, the commission started investigating how Apple and CBS Corp.'s (CBS) Simon & Schuster, News Corp.'s (NWS) HarperCollins, Lagardere S.C.A.'s (MMB.FR) Hachette, Pearson PLC's (PSO) Penguin Group and Macmillan, a unit of Verlagsgruppe Georg von Holtzbrinck GmbH, prices e-books under the so-called agency model. Penguin wasn't among the publishers making the proposals to the Commission. Almunia said the commission is in talks with the companies. "We will assess any final proposals of commitments and we will test them with third parties in order to check whether they are sufficient to preserve competition for the benefit of consumers in this fast-growing market," he said. Earlier Wednesday, the U.S. filed an antitrust against several publishers. Three of them--Simon & Schuster, Harper Collins and Hachette--have reached a settlement with the U.S. Department of Justice. "I am happy that the very close and productive cooperation between the DOJ and the Commission has benefited the investigations on both sides of the Atlantic," Almunia said. News Corp. also owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal. -By Frances Robinson, Dow Jones Newswires; +32 2 741 1486; frances.robinson@dowjones.com

Stock News for Pearson (PSO)
DateTimeHeadline
08/03/201513:10:13Report of Foreign Issuer (6-k)
08/03/201511:47:16Report of Foreign Issuer (6-k)
07/30/201509:27:12Report of Foreign Issuer (6-k)
07/29/201512:28:31Correction to Pearson story from July 23
07/27/201507:24:52Report of Foreign Issuer (6-k)
07/27/201506:44:55Report of Foreign Issuer (6-k)
07/27/201503:20:06Pearson in Talks to Sell Economist Stake
07/25/201512:02:09Pearson in Talks to Sell Economist Stake -- Update
07/25/201510:40:05Pearson In Talks to Sell Economist Stake
07/24/201511:40:47Report of Foreign Issuer (6-k)
07/24/201506:42:35Pearson's First Half Hit by Write-Down -- Update
07/24/201503:09:01Pearson 1st Half Hit by Writedown; Backs 2015 Guidance
07/23/201517:31:15ADRs End Lower; Credit Suisse Rises
07/23/201513:58:08Pearson Chooses Digital Path as It Plans to Sell Financial Times...
07/23/201512:30:33Correction to Pearson in Talks to Sell the Financial Times Story
07/23/201511:19:07Pearson Agrees to Sell the Financial Times to Nikkei for $1.3...
07/23/201510:59:57Report of Foreign Issuer (6-k)
07/23/201510:55:28Pearson Agrees to Sell the Financial Times to Nikkei for $1.3...
07/23/201510:44:27Axel Springer Not Buying FT Group
07/23/201510:38:18Financial Times Poised for New Ownership

Pearson and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad