Pearson, AOL Link to Create Online Education Network

Monday March 06 by Claudia
Pearson Plc, the world's largest textbook publisher, said it will work with America Online Inc. and invest in three other U.S. companies to create an Internet education network. Its shares rose as much as 9.4 percent. The company also indicated second-half profit from operations rose 39 percent on increased sales and cost cutting in education publishing. Earnings before one-time items increased to 258 million pounds from 185.7 million pounds the previous year, according to Bloomberg calculations.

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