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Stock Market & Financial Investment News

News Breaks
March 22, 2013
10:19 EDTNAUH, STRA, APOL, COCO, LOPE, BPI, CECO, LINC, ESI, EDMC, APEI, DVAmerican Public Education climbs following Wells Fargo upgrade
American Public Education (APEI), a for-profit education company that focuses on serving members of the military, is climbing after Wells Fargo analyst Trace Urdan upgraded the stock to Outperform from Market Perform in a note to investors earlier today. The budget extension passed by Congress this week restores funding for a program that pays for members of the military to take college courses, Urdan stated. Moreover, the sequester could reduce the number of people serving in the military by as much as 200,000 by the end of this year, according to Urdan, who cited an estimate by the House Armed Services Committee staff. A large number of those leaving the military are likely to use the Post 9/11 GI bill to obtain additional training and degrees, the analyst wrote. Urdan raised his price target on the stock to $37-$41 from $27-$33. In early trading, the stock climbed $1, or 3%, to $35. Other for-profit education stocks also rose, with Apollo Group (APOL) gaining 2% to $17.20, Grand Canyon (LOPE) climbing 1.3% to $25.10 and Education Management Corp (EDMC) advancing 1.6% to $3.75.
News For APEI;CECO;APOL;EDMC;BPI;STRA;ESI;LOPE;NAUH;LINC;COCO;DV From The Last 14 Days
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December 19, 2014
06:53 EDTAPEI, LOPE, ESI, DV, STRA, COCO, CECO, APOL, BPIWhitie House unveils college ratings blueprint, Reuters says
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December 18, 2014
16:18 EDTLINCLincoln Educational names Brian Meyers as CFO, effective January 1, 2015
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16:10 EDTCECOCareer Education intends to divest Le Cordon Bleu Colleges of Culinary Arts
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08:01 EDTDVDeVry to acquire Faculdade Ideal , terms not disclosed
DeVry Education Group announced that DeVry Brasil has entered into an agreement to acquire Faculdade Ideal. Located in Belém, Pará in northern Brazil, Faci currently serves approximately 2,500 students and offers undergraduate programs in high-demand career fields such as law, education, accounting, technology and engineering. The transaction is expected to be completed in the third quarter of fiscal 2015. -
December 16, 2014
14:19 EDTDVDeVry Brasil to acquire Damásio Educacional
DeVry Education Group announced that DeVry Brasil has signed a definitive agreement to acquire Damásio Educacional. Completion of the transaction is expected to occur February 2015, subject to all regulatory approvals. Damásio is a leader in bar exam test preparation and a high quality provider of undergraduate and graduate law programs. Damásio is expected to generate approximately $50 million in revenue in calendar year 2014. DeVry Group expects Damásio to be modestly accretive to earnings per share in fiscal 2015 and increasing thereafter.
08:54 EDTEDMCEducation Management says court denied motion filed by Marblegate
Education Management announced that the U.S. District Court for the Southern District of New York has denied the motion filed by Marblegate Asset Management and Magnolia Road Capital seeking to preliminarily enjoin the company from consummating its proposed debt restructuring. The court denied the injunction based on, among other things, the balance of equities and the public interest. The court also concluded on a preliminary basis that the plaintiffs are likely to succeed on the claim they have asserted under the Trust Indenture Act. The company respectfully disagrees with that aspect of the opinion and, based on the court's order, plans to move forward promptly with the restructuring.
December 5, 2014
08:01 EDTAPOLApollo Education closes acquisition of majority interest in Sociedade Técnica
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