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Stock Market & Financial Investment News

News Breaks
March 4, 2013
14:43 EDTAPEI, COCO, LINC, NAUH, LOPE, ESI, STRA, BPI, EDMC, APOL, CECO, DVFor-profit education stocks sink after Senate Democrats propose crackdown
Shares of for-profit education companies are sinking after Senate Democrats proposed a bill that would strengthen the Department of Education's oversight of these companies. The legislation would require the department to conduct reviews of colleges that are spending more than 20% of their revenue on recruiting and marketing and obtain more than 85% of their revenue from federal student aid programs, according to a summary of the bill posted on the website of Democratic Senator Frank Lautenberg. The reviews would assess several areas, including the schools' use of incentive compensation, graduation rates, and misuse of federal funds, the summary added. In a note to investors earlier today, BMO Capital wrote that it believes the bill is unlikely to become law, and that the sell-off in the sector is "a bit severe." However, the firm added that it does understand why investors are concerned about the legislation. In mid-afternoon trading, Apollo Group (APOL) fell 3.4% to $16.08, Career Education (CECO) slid 9.3% to $2.72, Strayer (STRA) dropped 4% to $46.86, ITT Educational (ESI) tumbled 7% to $12.60 and DeVry (DV) declined 1.2% to $29.63.
News For APEI;CECO;APOL;EDMC;BPI;STRA;ESI;LOPE;NAUH;LINC;COCO;DV From The Last 14 Days
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September 18, 2014
11:12 EDTCECOCareer Education CEO says committed to turnaround
CEO Scott Steffey says "well on way" to accomplishing turnaround goals. Says previously forecast $75M of savings in operating expenses by end of Q2, says has achieved $63M already. Says well on the way to achieving or surpassing $75M figure. Says "very well capitalized" for turnaround. Sees favorable market dynamics ahead. Comments made at the BMO Capital Markets Back to School Education Conference.
10:34 EDTEDMCHigh option volume stocks
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07:17 EDTSTRA, DV, CECO, BPI, APOL, APEIBMO Capital to hold a conference
14th Annual Back to School Education Conference to be held in New York on September 18 with webcasted company presentations to begin at 8 am; not all company presentations may be webcasted. Webcast Link
06:59 EDTCECOCareer Education comments on objectives to turnaround strategy
Says priorities in turnaround strategy include: Strengthening academic outcomes, generating modest university total student enrollment growth, reducing organizational cost structure, stabilizing career school enrollments, completing the teach out of transitional schools. Says regularly evaluates company's assets to determine where best to deploy capital. Comments from slides that will be presented at the BMO Capital Markets Back to School Education Conference.
September 16, 2014
17:05 EDTEDMCEducation Management files to delay 10-K
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13:00 EDTCOCOCorinthian Colleges sued by CFPB over predatory loans, Reuters says
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September 15, 2014
12:04 EDTDVDeVry management to meet with Piper Jaffray
Meeting to be held in New York on September 17 hosted by Piper Jaffray.
September 11, 2014
13:02 EDTDVDeVry to acquire Faculdade Martha Falc„o
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08:04 EDTLINCLincoln Educational CFO to take temporary medical leave of absence
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September 10, 2014
08:32 EDTDV, APOL, ESI, LOPE, STRABofA/Merrill education/prof svcs analyst has analyst/industry conference call
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September 9, 2014
07:26 EDTAPEIDeutsche Bank to hold a conference
Technology Conference to be held in Las Vegas on September 9-11 with webcasted company presentations to begin on September 9 at 10:30 am; not all company presentations may be webcasted. Webcast Link
September 8, 2014
14:52 EDTEDMCEducation Management requests withdrawal of registration statement
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