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Pearson Declines Most Since 2002 on Digital-Expansion Costs

Pearson Plc fell the most since 2002 after reporting higher costs to push into digital services and emerging markets as the owner of the Financial Times seeks to offset waning demand for textbooks in North America.

Pearson spent about 170 million pounds ($282 million) reorganizing last year, the London-based company said in a statement today. That compared with its earlier prediction of 150 million pounds.