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TAL Education Group stock price
TAL Education Group latest news:
The Advisory Board Co. to sell health care and education businesses for about $2.58 billion
The Advisory Board Company said Tuesday it has entered agreements to sell its health care business to health services company Optum, and its education business to private-equity firm Vista Equity Partners, in a deal with a total value of $2.58 billion. Vista will acquire the education business, including Royall & Company, for $1.55 billion, in a deal expected to close by year-end or early 2018. Optum will merge with the health care business for $1.3 billion, including debt, in a deal also expected to close by year-end or early 2018. The Advisory Board Co. shares were halted for the news, but have gained 50% in 2017, while the S&P 500 has gained 9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
HP officially takes back throne of world's largest PC manufacturer
HP Inc. is officially the world's largest personal-computer manufacturer again, according to independent analyses. International Data Corp. and Gartner Inc. said Wednesday afternoon in second-quarter reports that HP regained the throne it lost to Lenovo Group Ltd. in 2013. IDC reported in April that HP overtook Lenovo in the first quarter, but Gartner tracked Lenovo with a slight lead for the first three months of the year. Overall, PC sales fell year-over-year once again, with Gartner reporting a 4.3% decline and IDC, which includes Chromebooks and some other devices in its calculations, reporting a 3.3% drop from the same quarter last year. Gartner said it was the 11th consecutive quarter of year-over-year sales declines for the PC industry, and that total volume was the lowest for a full quarter since 2007. IDC's inclusion of Chromebooks led to rosier numbers, as the analysis firm said that the lightweight laptops running software from Alphabet Inc. continued to find strong support in the education market. Both reports had the same order for the top five PC manufacturers for the second quarter: HP, Lenovo, Dell Inc., Apple Inc. and Asustek Computer Inc. , respectively.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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