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FBN’s Adam Shapiro on Pearson acquiring a 5% stake in Barnes & Noble’s Nook Media unit worth $89.5 million.
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I'm Adam Shapiro and -- Fox Business -- crisis averted a union representing golf workers and shippers reached a labor agreement today averting a strike that could have crippled the US economy.
The international longshoreman association and the US maritime alliance have agreed to extend their current contract just thirty days.
To finalize details of the agreement.
Pearson is acquiring a 5% stake in Barnes and Noble's -- media -- worth 89 and a half million dollars.
Shares of bookstore chain us today as much as 9% on that.
Is that -- media unit consists of Barnes & Noble digital businesses and 674 college bookstores throughout the United States.
Sources tell Reuters Blackstone Group will keep its money with SEC capital despite a federal insider trading probe into that hedge fund.
The asset management arm of Blackstone has 550 million invested with -- say that's the latest from the Fox Business Network.
