John Browett, the head of Apple's store operations, is leaving after just six months on the job. Scott Forstall, who's been at the company since 1997 and is seen as one of OS X's original architects, will leave next year. In the interim, he will serve as an adviser to CEO Tim Cook.
German media company Bertelsmann will own 53 percent of the new firm, Penguin Random House; Pearson, which owns Penguin, will control the rest. The merger, subject to regulatory approval, is scheduled to be completed in the second half of 2013.
Executives of the publishing giants Bertelsmann and Pearson announced on Monday that they will pursue a merger of their publishing houses, Random House and Penguin. The united publishing companies are set to become a large and influential force in publishing.
Economists will need many days — maybe weeks or months — to assess the financial harm being done by Hurricane Sandy. But whatever the final figure, it will be huge — well into the tens of billions of dollars — after everything from property damage to lost sales is tallied up.
In the months since the controversy over the Susan G. Komen Foundation's shifting position on funding for Planned Parenthood, the organization has seen a decline in fundraising and attendance at its main event, annual races held around the country to raise money for breast cancer prevention and treatment.
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