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Stock Market & Financial Investment News

News Breaks
June 9, 2014
09:16 EDTSLM, NNI, FMD, APOL, BPI, LOPE, COCO, ESI, STRA, CECO, DV, APEIObama to ease student debt burden, NY Times reports
President Obama will announce a number of steps to ease the burden of student loan debt, including allowing an estimated 5M additional debtors to benefit from a cap of their repayments at 10% of their income, The New York Times reported on Saturday. The president is expected to announce the initiatives later today, the newspaper stated. Comapneis that lend to students include First Marblehead (FMD), Nelnet (NNI), and SLM Corp (SLM). Publicly traded for-profit education comapnies include American Public Education (APEI), Apollo Education (APOL), Bridgepoint Education (BPI), Career Education (CECO), Corinthian Colleges (COCO), DeVry (DV), Grand Canyon Education (LOPE), ITT Educational (ESI) and Strayer (STRA).
News For APEI;DV;CECO;STRA;ESI;COCO;LOPE;BPI;APOL;FMD;NNI;SLM 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.
07:17 EDTSTRA, APEI, DV, APOL, BPI, CECOBMO 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
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 Falcão
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September 10, 2014
16:16 EDTFMDFirst Marblehead reports Q4 EPS ($1.11), consensus (94c)
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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
16:37 EDTFMDFirst Marblehead sees $3M charge connected to UFSB dissolution
First Marblehead disclosed in a regulatory filing that on May 28, the Board of Directors of Union Federal Savings Bank, a wholly owned subsidiary of The First Marblehead Corporation, approved the dissolution of UFSB and authorized UFSB to prepare a plan of voluntary dissolution pursuant to Code of Federal Regulations, Title 12, Part 146, Section 146.4, subject to approval of the Board of Directors of UFSB, the Office of the Comptroller of the Currency and the corporation, as sole stockholder of UFSB. In addition, on May 28,, the Board of Directors of the Corporation approved UFSB’s plan to pursue the Proposed Dissolution of UFSB and to prepare the Plan, subject to approval of the Plan by the Corporation, as sole stockholder of UFSB. In connection with the Proposed Dissolution of UFSB, the corporation and UFSB have incurred, and expect to incur, charges related to lease obligations, severance and retention costs, contract termination provisions and potential losses related to the liquidation of certain assets and liabilities in connection with the Plan. At the time of the filing of the Original Form 8-K, the corporation was not able to make a good faith estimate of the total amount or range of amounts related to the Proposed Dissolution for each major type of cost, expected to be incurred, or of charges that would result in future cash expenditures.Since the filing of the Original Form 8-K, the Corporation and UFSB have been in the process of developing the Plan and an estimate of related charges. The Corporation’s and UFSB’s current estimate of charges related to the Plan are $3.0 million in the aggregate. Since the filing of the Original Form 8-K, the corporation and UFSB have been in the process of developing the Plan and an estimate of related charges. The corporation’s and UFSB’s current estimate of charges related to the Plan are $3M in the aggregate,
September 4, 2014
08:33 EDTFMDIron Mountain to provide data center colocation services for First Marblehead
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