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Pearson Names New N. American President as Stock Plunges on Half-Year Results

Marketplace K-12

The stock price for Pearson PLC , the world’s largest education business, dropped precipitously Friday after its announcement of a 7 percent decline in underlying sales to about $2.5 billion for the first half of 2016. Pearson’s stock drops after half-year results are announced. Source: Google Finance. and the U.K.,

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Education Behemoth Pearson to Cut 4,000 Employees, 10 Percent of Workforce

Marketplace K-12

Pearson today announced that it is responding to rocky conditions and poor performance in international markets by laying off 4,000 workers and putting a greater focus on adaptive courseware and classroom products, as well as blended and online learning. Ramping Up Online Programs.

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Assessment Fallout: Texas Fines ETS, Nevada Says DRC Misses Deadlines

Marketplace K-12

Two assessment companies—Educational Testing Service and Data Recognition Corp.—are The Texas Education Agency announced last week that it will collect a fine from ETS, the company responsible for the statewide delivery and administration of its State of Texas Assessments of Academic Readiness tests, with liquidated damages amounting to $5.7

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GED and other high school equivalency degrees drop by more than 40% nationwide since 2012

The Hechinger Report

Red states are where the annual issuance of new high school equivalency diplomas has fallen by more than 50 percent between 2012 and 2016. Specifically, the annual number of test takers who completed one of the three exams has fallen more than 45 percent from more than 570,000 in 2012 to roughly 310,000 in 2016. Data source: Thomas J.

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College Board Scrutinized for Security Breaches on SAT Test in Asia

Marketplace K-12

Nearly all of those excluded worked for test-prep companies, as my colleague Catherine Gewertz reported. ” In one of Reuters’ stories , the agency reports that test-prep companies posted people outside the March 5 debut of the new exam–and that they collected information from test-takers that was later circulated.

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The Business of 'Ed-Tech Trends'

Hack Education

Tom Webster, the VP of strategy at the market research firm Edison Research, argued that the report should be viewed as “an extremely effective piece of content marketing,” pointing to the number of slides that cite data about or by a portfolio company of Meeker’s employer, the venture capital firm Kleiner Perkins Smith Caulfield.

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Hack Education Weekly News

Hack Education

” The company – funded by Mark Zuckerberg, Bill Gates, Pearson, Learn Capital, and others – says it will remain open. ” “The Indiana Department of Education is seeking $4 million in damages from the company that created last year’s problem-plagued ISTEP test. ” Oh look. million total.