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Stock Market & Financial Investment News

News Breaks
May 20, 2014
04:55 EDTACN, ACN, TW, TW, TBI, TBI, PAYX, PAYX, XRX, XRX, DV, DV, KFY, KFY, CEB, CEB, BR, BR, BFAM, BFAM, WU, WUBofA/Merrill to hold a conference
2014 Services 1:1 Conference to be held in New York on May 20-21.
News For ACN;BFAM;BR;CEB;KFY;DV;XRX;PAYX;TBI;TW;WU From The Last 14 Days
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January 29, 2016
06:49 EDTXRXXerox sees FY16 adjusted EPS $1.10-$1.20, consensus 99c
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06:48 EDTXRXXerox reports Q4 adjusted EPS 32c, consensus 28c
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06:48 EDTXRXXerox to begin separation process when it finalizes transaction structure
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06:47 EDTXRXXerox announces three year strategic transformation program
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06:47 EDTXRXXerox to separate into two public companies
Xerox announced today the results of its review of the company's portfolio and capital allocation options announced in October 2015. The board of the company has unanimously approved management's plan to separate Xerox into two independent publicly- traded companies. The Document Technology company will continue to be a global leader in document management and document outsourcing with approximately $11 billion in 2015 revenue. The Business Process Outsourcing (BPO) company will be an industry leader that helps clients improve the flow of work by leveraging its expertise in managing transaction-intensive processes and applying innovations to automate and simplify business processes. With approximately $7 billion in 2015 revenue - more than 90% of which is annuity based - the company is focused on attractive growth markets including transportation, healthcare, commercial and government services.
06:46 EDTXRXXerox to separate into two public companies
January 28, 2016
16:42 EDTXRXXerox to split in two, give Icahn three board seats, WSJ says
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15:55 EDTXRXXerox to announce break-up Friday, Icahn to get board seats, Dow Jones reports
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07:16 EDTDVDeVry valuation more than reflects FTC suit risk, says Piper Jaffray
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07:14 EDTACNBoston Scientific and Accenture develop digital health solution
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January 27, 2016
16:36 EDTDVOn The Fly: Top stock stories for Wednesday
Stocks began the session in negative territory as sliding oil prices and disappointing guidance from Apple (AAPL) and Boeing (BA) had investors on the defensive. The averages reversed and moved into positive territory following a rally in oil, which came despite the weekly Department of Energy inventory build up coming in higher than expected. The market pared its gains heading into the Fed's rate announcement and then moved sharply lower following the central banks comments about lower growth in U.S. in 2016. Other comments were less dovish than expected and the market sold off into the close. ECONOMIC EVENTS: In the U.S., new home sales surged 10.8% to a 544,000 annualized pace in December, topping expectations and hitting their highest level in 10 months. The FOMC rate decision was issued at 2:00 pm, with the Federal Reserve keeping interest rates unchanged and commenting that the "Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate... Inflation is expected to remain low in the near term, in part because of the further declines in energy prices, but to rise to 2% over the medium term as the transitory effects of declines in energy and import prices dissipate and the labor market strengthens further." COMPANY NEWS: Apple (AAPL) declined $6.55, or 6.55% to $93.44 after the tech giant reported first quarter earnings that topped consensus estimates last night, but also issued revenue guidance for the new quarter that missed expectations. The company was noted by several analysts as taking a particularly downbeat tone in its earnings conference call, invoking the difficult macroeconomic environment and weakness it has recently seen in China... Apple was not the worst performer in the Dow, however, with that distinction going to Boeing (BA). Shares of the commercial airplane maker and defense contractor plummeted $11.43, or 8.93%, to $116.58 after its profit outlook for the new fiscal year fell far short of the Street's consensus forecast... Shell (RDS.A, RDS.B) investors approved the company's proposed acquisition of BG Group (BRGYY), with roughly 83% of votes cast in favor of the deal. MAJOR MOVERS: Among the notable gainers was SunEdison (SUNE), which added 8.7% to its already meaningful gains over the past several days after agreeing to new corporate governance initiatives with David Einhorn's Greenlight Capital, including amending its bylaws to restrict equity issuances for two years without a supermajority board vote. Also higher was Freeport McMoRan (FCX), which gained 10.95% to $4.66 after Indonesia's energy minister said he is "certain" of finding a solution to extend the company's copper export permit and as analysts applauded the company's decision to consider selling mining assets to pay down debt. Meanwhile, United Technologies (UTX), Biogen (BIIB) and Norfolk Southern (NSC) rose 0.19%, 5.15% and 1.44%, respectively, following their earnings reports. Among the noteworthy losers was DeVry (DV), which crashed 15.4% to $20.09 after the FTC filed suit over its allegedly deceptive marketing, with the Department of Education also announcing actions against the for-profit education company. Also lower were U.S. Steel (X), VMware (VMW) and Anthem (ANTM), which lost 14.35%, 9.82% and 4.74%, respectively, following their earnings reports. INDEXES: The Dow fell 222.77, or 1.38%, to 15,944.46, the Nasdaq lost 99.51, or 2.18%, to 4,468.17, and the S&P 500 declined 20.68, or 1.09%, to 1,882.95.
13:31 EDTDVDeVry to 'vigorously contest' FTC complaint
DeVry Education announced that it intends to "vigorously contest" a complaint filed by the Federal Trade Commission challenging the employment and earnings outcomes of DeVry University graduates. DeVry Group also learned that the Department of Education has taken an administrative action related more narrowly to certain DeVry University records for the period 1975 to 1983. "We intend to request a hearing on the Department's decision, and will collaborate closely with the Department to demonstrate our compliance and resolve this matter satisfactorily. DeVry Group believes that the FTC's complaint - filed 40 years after DeVry University began publishing accurate graduate employment statistics - is without a valid legal basis...DeVry Group has sought to fully cooperate with the FTC staff throughout the FTC's 24-month inquiry, and has provided extensive documentation disproving the FTC's claims and demonstrating the value of a DeVry University education. Despite this compelling evidence, a fully satisfactory resolution could not be reached," the company stated. DeVry shares remain down over 15% in afternoon trading.
12:34 EDTDVDeVry Education puts active after Federal Trade Commission filed suit
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12:28 EDTDVFor-profit education names fall after FTC sues DeVry over marketing
DeVry Education (DV) and its peers in the for-profit education space are falling after the Federal Trade Commission filed suit against the company, alleging that DeVry's advertisements "deceived" consumers about the likelihood of finding jobs in their chosen fields of study and earning more than graduates from other universities. In a related action, the Department of Education is also moving against the company for those same practices, requiring it to stop the allegedly deceptive advertisements and take steps to ensure it can verify the truthfulness of its post-graduation employment outcomes, including hiring an independent auditor and informing students of its "unsubstantiated" statistics. The Department's action comes after its investigation of DeVry found the postgraduation employment claims "have not been substantiated to the extent required by law." PRICE ACTION: Shares of DeVry crashed 13.5% to $20.54 following the news, while Apollo Education (APOL), ITT Educational (ESI) and Strayer Education (STRA) each slid over 2% and Bridgepoint (BPI) fell 1%.
12:20 EDTDVEducation Department sends notice to DeVry University over representations
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12:08 EDTDVDeVry sinks 19%, halted for volatility after FTC enforcement action
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12:07 EDTDVDeVry sinks 19% after FTC brings enforcement action
Peers Apollo Education (APOL), Strayer (STRA), Grand Canyon (LOPE) and Bridgepoint Education (BPI) are also moving lower.
12:05 EDTDVFTC brings enforcement action against DeVry University
The Federal Trade Commission has filed suit against the operators of DeVry University, alleging that DeVry's advertisements "deceived consumers about the likelihood that students would find jobs in their fields of study, and would earn more than those graduating with bachelor's degrees from other colleges or universities." In its complaint, the FTC alleges that the defendants' claim that 90% of DeVry graduates actively seeking employment landed jobs in their field within six months of graduation was deceptive. The complaint charges that another key claim made by DeVry, that its graduates had 15% higher incomes one year after graduation on average than the graduates of all other colleges or universities, also was deceptive. In a related action, the U.S. Department of Education is also taking action against DeVry for its marketing practices, the FTC noted in its statement. The Department of Education is providing notice to DeVry that it will be requiring the institution both to stop certain advertising regarding the post-graduation employment outcomes of its students and to take additional steps to ensure that DeVry can substantiate the truthfulness of its post-graduation employment outcomes. The FTC Commission vote authorizing the staff to file the complaint was 4-0. The complaint was filed in the U.S. District Court for the Central District of California.
12:03 EDTDVFTC drings enforcement action against DeVry University
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January 26, 2016
07:44 EDTACNAccenture completes $830M sale of Navitaire to Amadeus
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