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Drones over U.S. may pose security risks
NEW YORK, July 13 (UPI) -- U.S. publisher McGraw-Hill is shopping around for a buyer for its 80-year-old magazine BusinessWeek, a source close to the company said.
Ad sales for the magazine plunged 30 percent in the second quarter to $43.9 million, steeper than the industry average of 22 percent, Publishers Information Bureau reported.
At business periodicals, ad sales fell 34 percent at Fortune in the second quarter and 40 percent at Forbes, The Los Angeles Times reported Monday. Conde Nast said in April it would close its business magazine Portfolio.
A spokesman for McGraw-Hill declined to comment on the possible sale, but a source said the company has hired Evercore Partners Inc. to help find a buyer. Evercore also declined to comment, the newspaper said.
| Additional Business News Stories | |
TEGUCIGALPA, Honduras, Feb. 9 (UPI) --
Honduras is inching back toward economic recovery and sees more international tourism as a way out of the crisis triggered by its June 2010 coup.
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HILLSBORO, Ore., Feb. 9 (UPI) --
Solar panels generating a total of 1.3 megawatts of power are installed at a U.S. Navy facility and ready to begin their first full year of operation.
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With rental vacancy rates at their lowest levels in 10 years, a review of TransUnion's proprietary rental screening database found that rental prices remained about the same between the fourth quarters of 2010 and 2011....
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Government officials are on the verge of an agreement worth as much as $26 billion with five major banks, capping a yearlong push to settle federal and state probes of alleged foreclosure abuses by lenders.
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