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Stock Market & Financial Investment News

News Breaks
April 1, 2013
07:11 EDTLINC, DV, NAUH, COCO, BPI, CECO, ESI, EDMC, APEI, STRA, APOL, LOPEObama's help sought on student loan rates, The Hill reports
Democrats and student advocates hope that President Obama will again fight to prevent interest rates on new Stafford loans from doubling this summer, according to The Hill. But the push on Capitol Hill for preventing an increase seems more subdued than last year. and House Republicans have indicated that they favor letting rates rise, the website noted. Reference Link
News For APEI;CECO;APOL;EDMC;BPI;STRA;ESI;LOPE;NAUH;LINC;COCO;DV From The Last 14 Days
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February 8, 2016
10:13 EDTAPOLOptions with decreasing implied volatility
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09:17 EDTAPOLOn The Fly: Pre-market Movers
HIGHER: Apollo Education (APOL), up 26.6% after announcing that it will be acquired for $9.50 per share... Sprouts Farmers Market (SFM), up 5% after being added to S&P 400... GoPro (GPRO), up 3.4% after signing a licensing agreement with Microsoft (MSFT). LOWER: BioCryst Pharmaceuticals (BCRX), down 60.9% after reporting OpuS-2 clinical trial results... CTI BioPharma (CTIC), down 55.4% after the FDA placed a partial clinical hold on pacritinib studies... Tableau (DATA), down 5.5% after being downgraded to Equal Weight at Morgan Stanley... HSBC (HSBC), down 3.6% after being downgraded to Underweight from Equal Weight at Morgan Stanley... Chesapeake Energy (CHK), down 21% after Hedgeye analyst Kevin Kaiser said in an interview with Barron's that Chesapeake could go to zero... Twitter (TWTR), down 2.9% after backlash over its new algorithmic timeline.
07:03 EDTAPOLApollo Global consortium to acquire Apollo Education for $9.50 per share
Apollo Education Group (APOL) announced it has entered into a definitive agreement to be acquired by a consortium of investors including The Vistria Group, funds affiliated with Apollo Global Management (APO), and Najafi Companies for $9.50 per share in cash for both Class A and B shares. The purchase price represents a premium of 30% over Apollo Education Group's 30-day volume weighted average stock price for the period ended Feb. 5, and a 44% premium over the closing price on Jan. 8, immediately prior to the announcement that the Board of Directors was pursuing strategic alternatives. Tony Miller, Chief Operating Officer and Partner of The Vistria Group and former Deputy Secretary of the U.S. Department of Education, will become Chairman of the Apollo Education Group Board upon transaction close. Upon completion of the transaction, Apollo Education Group will be privately held and its affiliated institutions will remain subject to the same U.S. and international regulations and accreditation standards. The agreement was approved by Apollo Education Group's Board of Directors. The acquisition is expected to be completed by Apollo Education Group's fiscal year-end, in August 2016. Apollo Education Group and Apollo Global Management are unaffiliated entities.
07:00 EDTAPOLApollo Education to be aquired by group led by Apollo Global for $9.50 per share
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February 7, 2016
20:36 EDTAPOLOn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Ford (F) plans to build a new assembly plant in Mexico and expand its existing factory near Mexico City, sharply increasing production capacity in the country as it looks to focus its U.S. efforts on trucks and SUVs, the Wall Street Journal reported. 2. GoPro (GPRO) and Microsoft (MSFT) signed a patent licensing agreement late Friday, lifting shares of the action camera maker in after-hours trading. 3. Media reports indicate Twitter (TWTR) could be rethinking its news feed, potentially ordering posts based on popularity rather than chronological date. 4. Apollo Education (APOL) received a second investigative subpoena from California's attorney general related to the marketing, recruiting, accreditation, and other aspects of its for-profit schools. 5. Celgene (CELG), Gilead (GILD), Thermo Fisher (TMO) and Vantiv (VNTV) were mentioned positively by Barron's this weekend, while Church & Dwight (CHD) was called overvalued and GoPro was identified as a possible takeover target by Under Armour (UA) or Sony (SNE).
February 5, 2016
17:11 EDTAPOLApollo Education receives second investigative subpoena
On February 4, we received a Second Investigative Subpoena from the Office of the Attorney General of the State of California in the Matter of the Investigation of For-Profit Educational Institutions, following the Investigative Subpoena we received in August 2015. The Second Investigative Subpoena seeks the production of documents and information regarding a broad spectrum of the business and practices of Apollo Education Group, and each of our subsidiaries, including University of Phoenix, Inc., relating to marketing, recruiting, compensation of enrollment advisors, complaints, financial aid, compliance, accreditation, other governmental investigations, private litigation and other matters, as well as additional information relating to marketing and services to members and former members of the U.S. military and California National Guard, for the time period of July 1, 2010 to the present. We are cooperating with the Attorney General in this investigation. We cannot predict the eventual scope, duration or outcome of the investigation at this time.
07:29 EDTDVOptions expected to be active
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February 4, 2016
16:28 EDTDVDeVry reports Q2 DeVry University revenue down 23.8% to $160.2M
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16:24 EDTDVDeVry sees FY16 adjusted EPS down 5%-6%, consensus $2.37
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16:22 EDTDVDeVry sees Q3 revenue down 4%-5%, consensus $463.37M
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16:18 EDTDVDeVry reports Q2 adjusted EPS 68c, consensus 67c
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14:35 EDTDVNotable companies reporting after market close
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06:37 EDTSTRAStrayer reports total enrollments for winter term 2016 up to 40,872
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06:36 EDTSTRAStrayer reports Q4 EPS $1.21, consensus $1.18
Reports Q4 revenue $113.7M, consensus $113.6M.
February 3, 2016
15:21 EDTDVDeVry volatility elevated into Q2 and outlook
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10:00 EDTSTRA, DV, LOPEOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Capella Education (CPLA) initiated with an Outperform at Credit Suisse... DeVry (DV) initiated with an Outperform at Credit Suisse... Gilead (GILD) initiated with a Buy at Standpoint Research... Grand Canyon (LOPE) initiated with a Neutral at Credit Suisse... Hannon Armstrong (HASI) initiated with an Equal Weight at Morgan Stanley... Houghton Mifflin (HMHC) initiated with an Outperform at Credit Suisse... Mediaset (MDIUY) initiated with a Buy at Jefferies... Palo Alto (PANW) initiated with a Buy at Maxim... Splunk (SPLK) initiated with a Buy at Maxim... Strayer (STRA) initiated with a Neutral at Credit Suisse... Tableau (DATA) initiated with a Sell at Maxim... Tesla (TSLA) initiated with a Sell at Berenberg... WisdomTree (WETF) initiated with an Outperform at Northland... bluebird bio (BLUE) initiated with an Outperform at Leerink.
February 2, 2016
16:16 EDTDVDeVry initiated with an Outperform at Credit Suisse
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16:15 EDTLOPEGrand Canyon initiated with a Neutral at Credit Suisse
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16:15 EDTSTRAStrayer initiated with a Neutral at Credit Suisse
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January 29, 2016
08:49 EDTAPOLApollo Education investor pushes board to reconsider sale, Bloomberg says
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