McGraw-Hill 2nd-Q profit drops partly on restructuring charge to job cuts

McGraw-Hill 2nd-Q profit drops partly on restructuring charge to cuts, it said 2nd-Q profit fekk 23%, partly hurt by restructuring charge to jobcuts. McGraw-Hill, which publishes textbooks & owns BusinessWeek magazine & S&P's, managed to report adjusted results beating Wall Street expectations. But the publisher also lowered the high end of its full-year adjusted profit guidance & cut its sales outlook, somewhat muting investor enthusiasm. Its stock rose 1