Scholastic to acquire Cottage Door Press for $71 million
Scholastic (NASDAQ:SCHL) signed a definitive agreement to acquire Cottage Door Press for approximately $71 million, subject to customary purchase price adjustments.
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Scholastic (NASDAQ:SCHL) signed a definitive agreement to acquire Cottage Door Press for approximately $71 million, subject to customary purchase price adjustments.
Scorpio Tankers (NYSE:STNG) announced agreements to sell three product tankers and acquire four newbuilding vessels as part of its fleet management strategy.
A US import ban on a select number of Canadian products is in effect, marking the latest salvo in the rising trade conflict between the two countries. Brendan Murray has the details on Bloomberg Television.
Parsons (NYSE:PSN) won an initial $85 million agreement to provide advisory services for the development of the U.S. Space Command’s new headquarters at Redstone Arsenal in Alabama.
Iranian officials have privately expressed pessimism about reaching a deal to end hostilities with the US before midterm elections in November, according to people familiar with the matter. The two nations made little progress during talks in New York on the sidelines of the United Nations General Assembly last week, the people said. Bloomberg's Paul Wallace breaks down the situation.
US President Donald Trump will hold a luncheon Tuesday with the Chief Executive Officers of Nvidia Corp., Anthropic PBC, and Palantir Technologies to discuss artificial intelligence risks. OpenAI President Greg Brockman is also expected to join the event, which Trump is holding with House Speaker Mike Johnson. Neil Campling reports on Bloomberg Television.
GFL Environmental (NYSE:GFL) declared a third-quarter 2026 cash dividend of US$0.0169 per subordinate and multiple voting share.
Westlake (NYSE:WLK) announced plans to close its PVC manufacturing facility in Cologne, Germany, during the first quarter of 2027 as part of efforts to improve profitability in its European chlorovinyl operations.
Amcor (NYSE:AMCR) announced that Board Chair Graeme Liebelt will retire from the company’s board, with Tom Long set to succeed him following the annual meeting on November 11, 2026.
iHuman (NYSE:IH) reported second-quarter 2026 financial results, with revenue and user numbers declining while the company moved to a net loss compared with the prior-year period.
The board of Goldman Sachs has discussed a plan for Chief Operating Officer John Waldron to succeed David Solomon as CEO as early as next year, according to the Wall Street Journal. With the latest plan, Waldron could take over toward the end of 2027 or in 2028, the Journal said. Bloomberg Opinion's Paul Davies breaks down the situation and its significance.
CarMax (NYSE:KMX) reported results for the second quarter ended August 31, 2026, with higher vehicle sales, revenue growth, and improved earnings.
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