Scholastic Corp

Scholastic Corp., publisher of the Harry Potter series of children's books, said it decided against buying the inventory of bankrupt EToys Inc. New York-based Scholastic had said it won an auction for the Santa Monica Internet retailer's inventory with an offer of 30 cents on the dollar, or about $8 million. The news sent Scholastic's shares plunging $5.19, or 13%, to close at $35.13 on Nasdaq.

Marlene Perez's "Dead Is the New Black" is a young adult novel with a noirish pink and black cover and a supernatural plot. If it ever becomes the next sensation, give some credit to middle-schoolers such as Geneva Lish. "It has an unusual plot and a unique power," says Lish, a seventh-grader. Lish didn't buy the book online or at a store. She was among the students at J.H.S.

* Sony Corp. shareholders formally approved Howard Stringer as the company's new chief executive, making him the first non-Japanese executive to head the electronics and entertainment giant. * Scholastic Corp., U.S. publisher of the "Harry Potter" books, agreed to pay $710,000 to settle federal allegations that it marketed book clubs without giving full information about how the clubs operate.

* Sony Corp. shareholders formally approved Howard Stringer as the company's new chief executive, making him the first non-Japanese executive to head the electronics and entertainment giant. * Scholastic Corp., U.S. publisher of the "Harry Potter" books, agreed to pay $710,000 to settle federal allegations that it marketed book clubs without giving full information about how the clubs operate.

Scholastic Corp., the U.S. publisher of the Harry Potter children's books, will cut about 100 editorial jobs and take a fiscal fourth-quarter charge after ending development of its literacy textbook series. The job cuts represent about 1% of the New York-based company's work force. A charge of $1.05 to $1.15 a share will be taken in the quarter ending May 31 as a result. * Guide to Our Staff: Need to reach Business section reporters or editors?

Scholastic Corp., the U.S. publisher of the Harry Potter books, agreed to pay $9.65 million for the rights to the "Goosebumps" series, ending years of litigation with author R.L. Stine and Parachute Press Inc. Scholastic's 1999 lawsuit claimed that "Goosebumps" owner Parachute was using ghostwriters on some books. Parachute in turn accused Scholastic of not making payments and selling some books without permission.

Scholastic Corp., the U.S. publisher of the Harry Potter series of children's books, agreed to buy publisher and children's book-club operator Grolier Inc. from France's Lagardere for $400 million in cash. Danbury, Conn.-based Grolier, with $450 million in 1999 revenue, is the top seller of children's books and reference books to school libraries. Its Internet site sells books primarily for children under 5. New York-based Scholastic sells primarily to children ages 6 to 12.

Marlene Perez's "Dead Is the New Black" is a young adult novel with a noirish pink and black cover and a supernatural plot. If it ever becomes the next sensation, give some credit to middle-schoolers such as Geneva Lish. "It has an unusual plot and a unique power," says Lish, a seventh-grader. Lish didn't buy the book online or at a store. She was among the students at J.H.S.

Harry Potter won't hit store shelves until Saturday but the youthful wizard is already working his magic on Wall Street. Shares of Scholastic Corp., Jakks Pacific Inc. and Enesco Group Inc. have risen as sharply as the hype surrounding the release of the fourth book about an orphan who attends a school for witches and wizards, "Harry Potter and the Goblet of Fire." All have a piece of the Potter franchise. Scholastic, the U.S. publisher of the series by British author J.K.

No word yet on when the next Harry Potter book comes out, but at least there's a title: "Harry Potter and the Half Blood Prince." Author J.K. Rowling revealed the title on her website. Judy Corman, a spokeswoman for her U.S. publisher, Scholastic Corp., confirmed the title Tuesday. Rowling said that she decided to reveal the title after a hoax title was circulated via the Internet.

Scholastic Corp., the U.S. publisher of the Harry Potter books, agreed to pay $9.65 million for the rights to the "Goosebumps" series, ending years of litigation with author R.L. Stine and Parachute Press Inc. Scholastic's 1999 lawsuit claimed that "Goosebumps" owner Parachute was using ghostwriters on some books. Parachute in turn accused Scholastic of not making payments and selling some books without permission.

Scholastic Corp., the U.S. publisher of the Harry Potter children's books, will cut about 100 editorial jobs and take a fiscal fourth-quarter charge after ending development of its literacy textbook series. The job cuts represent about 1% of the New York-based company's work force. A charge of $1.05 to $1.15 a share will be taken in the quarter ending May 31 as a result. * Guide to Our Staff: Need to reach Business section reporters or editors?

Scholastic Corp., publisher of the Harry Potter series of children's books, said it decided against buying the inventory of bankrupt EToys Inc. New York-based Scholastic had said it won an auction for the Santa Monica Internet retailer's inventory with an offer of 30 cents on the dollar, or about $8 million. The news sent Scholastic's shares plunging $5.19, or 13%, to close at $35.13 on Nasdaq.

Harry Potter won't hit store shelves until Saturday but the youthful wizard is already working his magic on Wall Street. Shares of Scholastic Corp., Jakks Pacific Inc. and Enesco Group Inc. have risen as sharply as the hype surrounding the release of the fourth book about an orphan who attends a school for witches and wizards, "Harry Potter and the Goblet of Fire." All have a piece of the Potter franchise. Scholastic, the U.S. publisher of the series by British author J.K.

Scholastic Corp., the U.S. publisher of the Harry Potter series of children's books, agreed to buy publisher and children's book-club operator Grolier Inc. from France's Lagardere for $400 million in cash. Danbury, Conn.-based Grolier, with $450 million in 1999 revenue, is the top seller of children's books and reference books to school libraries. Its Internet site sells books primarily for children under 5. New York-based Scholastic sells primarily to children ages 6 to 12.

Separation: Two-time Oscar winner Hilary Swank and actor husband Chad Lowe have separated after more than eight years of marriage, Swank's manager confirmed Monday. Publishing: Sen. Edward Kennedy (D-Mass.) and children's publisher Scholastic Corp. will issue an illustrated book about a typical day in his life as told by Splash, his Portuguese water dog. Kennedy's proceeds from the 56-page book, due out in May, will go to charity.