NEW YORK (MarketWatch) -- Bloomberg L.P. plans to close its Bloomberg Press operation, a small unit that publishes books, following its acquisition of BusinessWeek magazine, spokeswoman for the parent company said on Friday afternoon.

“We believe that the credit rating agencies in exchange for fees departed from their objective neutral role as arbiters. At minimum they were aiding and abetting misconduct by issuers.”-- Richard Cordray Ohio attorney general on filing suit against Moody’s Standard & Poor’s and Fitch (MHP)“Trust dies but mistrust blossoms.”-- Sophocles***“F.H.A. financing was a lost language in San Francisco the real-estate equivalent of Aramaic. Once the limits were raised smart buyers started calling.”-- Michael Ackerman a Bay Area real-estate agent“Give me a smart idiot over a stupid genius any day.”-- Samuel Goldwyn***“I love this show. This show has been my ...

NEW YORK (MarketWatch) -- Bloomberg, which is acquiring BusinessWeek, has picked a winner as the magazine's new editor in chief.

If a tree falls in an empty forest, does it make a sound? And when McGraw-Hill reports earnings after it unloads BusinessWeek magazine to Bloomberg L.P., will the media still care as much as they did before the fire sale?

McGraw-Hill says its third-quarter profit fell 14% on declines at its education and media and information units, as the sluggish economy curtailed spending on textbooks and advertising.