March 12, 2003 |
McGraw-Hill Cos., the publisher of Inside FERC's Gas Market Report, was ordered to provide a summary of natural-gas trading information to lawyers defending a former El Paso Corp. executive. Todd Geiger is accused of fabricating 48 natural-gas trades and reporting the false data to the industry newsletter, which compiles gas price indexes used in supply contracts. He pleaded not guilty in December to wire fraud and making a false trade report. U.S.
November 22, 2002 |
California Lt. Gov. Cruz Bustamante has filed a class-action lawsuit alleging that publisher McGraw-Hill Cos. and several energy companies worked together to jack up energy prices in the state. The suit, filed late Wednesday in Los Angeles Superior Court on behalf of utility customers, accused the companies of feeding false prices and trade volumes to two energy industry newsletters, Gas Daily and Inside FERC Gas Market Reports, published by a unit of McGraw-Hill.
December 13, 2001 |
Publishing giant McGraw-Hill Inc. announced plans to restructure some operations to enhance growth, including a 5% cut in its work force, but said profit growth remains on track. McGraw-Hill, a publisher of textbooks whose properties include Standard & Poor's financial services and BusinessWeek magazine, said it will take a pre-tax restructuring charge of $159million, including $129million in asset writedowns and $30million in employee severance costs.
May 18, 2001 |
McGraw-Hill Cos., which publishes school textbooks and owns Business Week magazine, agreed to buy Torrance-based Frank Schaffer Publications from Canada's Torstar Corp. for an undisclosed amount to add educational publishing. Frank Schaffer, which publishes teacher resource materials for pre-kindergarten through eighth grade, will be incorporated into McGraw-Hill's children's publishing unit. Shares of New York-based McGraw-Hill closed up 45 cents at $70.45 on the Big Board.
October 18, 2000 |
Delta Air Lines Inc. and Alaska Air Group Inc. said Tuesday that third-quarter profits fell on higher fuel costs, but Southwest Airlines Co. posted an earnings increase. Southwest and Delta, the third-largest U.S. carrier, were among airlines best protected against rising fuel costs by the use of hedges, analysts said. Low-fare carrier Southwest also gained business from America West Airlines, UAL Corp.'s United Airlines and Alaska, which all had delays or cancellations.
June 27, 2000 |
McGraw-Hill Cos., the largest U.S. publisher of educational materials for students, agreed to buy Tribune Co.'s scholastic unit for $634.7 million to add to its line of textbooks. Tribune Education publishes textbooks in math, social studies, health, English and reading for elementary and high school students. It had revenue of about $384 million in 1999.