The IRS comments came as the Treasury Department inspector general for tax administration is nearing completion of a report on the matter.

WSJ: IRS Apologizes for Scrutiny of Conservative Groups

After completion, Pearson will report its 47% share of profit after tax from the joint venture as an associate in its consolidated income statement.

ENGADGET: Penguin and Random House merge, promise a brave new e-book future

Last week, the Irish parliament backed a move by the justice minister, Alan Shatter, to impose a November deadline on the completion of its final report.

BBC: Smithwick tribunal deadline - victims group 'concerned'