Houghton Mifflin Harcourt

Tech giant Apple revealed its new digital textbook initiative on Thursday, joining with major publishers on a quest to replace heavy stacks of schoolbooks with iPads. There will obviously be resistance. Here are three reasons Apple's move will succeed in spite of it.

Hedge-fund manager John Paulson has completed a restructuring plan to save the troubled publisher Houghton Mifflin Harcourt from the billions of dollars of debt acrrued by its parent company, Education Media and Publishing Group.

Dubai's sudden default last week of $60 billion worth of debt played havoc with the markets, spurred talk of bailouts, and put added stress on an economy just barely showing signs of a turnaround. But it was also another piece of awful news for Education Media & Publishing Group, the troubled,...

A rule of thumb for companies preparing to strike a deal: if you're going to do business together, it's probably not such a great idea to undermine your new colleagues before they've handed you a pot of cash from them. But a $20 million breach-of-contract suit filed yesterday by Cengage, the...