New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 9, 2014
09:16 EDTFMD, SLM, APOL, NNI, ESI, DV, LOPE, STRA, APEI, COCO, CECO, BPIObama 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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
May 18, 2015
10:00 EDTBPIBridgepoint Education management to meet with Barrington
Subscribe for More Information
06:48 EDTDVDeVry downgraded to Hold from Buy at Deutsche Bank
Subscribe for More Information
May 15, 2015
06:04 EDTESIITT Educational implied volatility of 190 at upper end of index
May 14, 2015
16:54 EDTESIITT Educational says SEC case 'will not withstand judicial scrutiny'
ITT Educational disclosed the following in a filing: "On May 12, a complaint was filed by the SEC against ITT Educational Services and its CEO and CFO in the United States District Court for the Southern District of Indiana under the following caption: United States Securities and Exchange Commission v. ITT Educational Services, Inc., Kevin M. Modany and Daniel M. Fitzpatrick. The complaint relates to the matters addressed in the Wells notice that the company previously received and disclosed. The complaint is a civil enforcement action and alleges that the defendants engaged in a fraudulent scheme and course of business and made various false and misleading statements and omissions to defraud the company’s investors. The company was surprised by this action and disappointed that the Commission allowed this matter to go forward despite fundamental flaws in their case. The SEC does not credit the findings of the Audit Committee investigation that disputed key SEC allegations. The SEC ignored the fact that the very auditors that were allegedly 'misled' stayed on as the company’s auditors, even after being informed of the SEC’s allegations, and later delivered an audit opinion. Nowhere in the complaint is there a citation to a document or email that evidenced any intent to deceive anyone. The company believes that the SEC could not do so because there was no intent to deceive. The company believes there are many other major flaws in the SEC’s case. In essence, the company believes this is little more than a “fraud by hindsight” case that will not withstand judicial scrutiny. The company remains of the belief that any perceived shortcomings related to the complex accounting matters involved were acts taken in good faith and are being mischaracterized by the SEC as deception. Nevertheless, the company takes seriously the SEC action and will vigorously defend itself against the unjustified charges. Moreover, the company’s Board of Directors is heightening its oversight of the process leading up to the filing of the company’s late Form 10-K for 2014. It is expected that the Form 10-K with audited financials will be filed in a matter of weeks, though no assurance can be given that the current estimated timetable will be met."
15:46 EDTNNIConsumer agency to investigate loan servicer compensation, LA Times says
Subscribe for More Information
08:16 EDTCECOCareer Education: David Devonshire submits resignation from board due to health
Subscribe for More Information
05:49 EDTESIStocks with implied volatility movement; ESI BRCM
Subscribe for More Information
May 13, 2015
07:29 EDTSLMUBS to hold a conference
Subscribe for More Information
May 12, 2015
16:25 EDTESIOn The Fly: Top stock stories for Tuesday
Stocks began the session deep in negative territory as bond yields in Europe and the U.S. were moving higher. The market saw its lows shortly after the open and soon began to recapture some of its losses. By noon, the losses were cut in half and the Dow made it all the way back to positive ground by the afternoon. Unable to gather any upside momentum, the rally stalled and the averages limped into the close. ECONOMIC EVENTS: In the U.S., the National Federation of Independent Business' small business optimism rose 1.7 points to 96.9 in April, versus expectations for a 96.0 reading. The JOLTs report showed job openings fell 150K to 4.99M in March, versus expectations for 5.11M openings. The 10-year U.S. Treasury yield climbed at high as 2.37% earlier in the session, which was its highest intraday mark since last November, before easing back by midday. Outside of the U.S., bond yields surged on 10-year notes in Japan, Italy, Spain, Portugal, and Germany. COMPANY NEWS: Shares of AOL (AOL) advanced $7.93, or 18.62%, to $50.52 after Verizon (VZ) agreed to buy the company for $50 per share in a deal valued at $4.4B. Verizon's John Stratton, speaking at the Jefferies 2015 Global TMT Conference, said the AOL deal was primarily about ad technology and Re/code reported that "one scenario" the service has heard about is that Verizon plans to spin off some or all of the content operations it is acquiring by buying AOL, such as the Huffington Post. Yahoo (YHOO) also rose 24c, or 0.55%, to $43.84, as Cantor Fitzgerald analyst Youssef Squali said he now views it as the "last remaining large scale digital media company of its kind." MAJOR MOVERS: Among the notable gainers was Pall Corp. (PLL), which advanced $19.31, or 19.44%, to $118.62 after The Wall Street Journal reported that the company is near a possible sale and listed Danaher (DHR) and Thermo Fisher (TMO) as potential buyers. Also higher was Pain Therapeutics (PTIE), which gained 68c, or 35.05%, to $2.62 after announcing that a study of its lead drug candidate, that is specifically designed to discourage certain common methods of drug tampering and misuse, demonstrated with statistical significance that both intact and chewed Remoxy were less "liked" than immediate-release oxycodone on the two primary endpoints of Drug Liking and Drug High. Among the noteworthy losers was ITT Educational Services (ESI), which plunged $1.75, or 43.53%, to $2.27 after the SEC announced that it had charged the company, along with its CEO and CFO, with fraud. Also lower were shares of NewLink Genetics (NLNK), which dropped $15.59, or 29.9%, to $36.55 after stating that it would continue its flagship IMPRESS trial as planned despite disclosing the FDA did not endorse management's plan to change the statistical analysis plan as defined in the original protocol. INDEXES: The Dow fell 36.94, or 0.2%, to 18,068.23, the Nasdaq slid 17.38, or 0.35%, to 4,976.19, and the S&P 500 dropped 6.21, or 0.29%, to 2,099.12.
12:42 EDTESIOptions with increasing put volume and implied volatility
Options with increasing put volume and implied volatility: ESI VIPS WETF
12:42 EDTESIITT Educational disagrees with SEC position
Subscribe for More Information
12:37 EDTESI, DV, APOL, STRAFor-profit education stocks slide after SEC charges ITT with fraud
Subscribe for More Information
11:32 EDTESIITT Educational down 45% after SEC announces fraud charges against company
10:23 EDTESISEC announces fraud charges against ITT Educational Services
Subscribe for More Information
10:01 EDTFMDOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AG Mortgage (MITT) downgraded to Market Perform from Outperform at Keefe Bruyette... Brookfield Renewable (BEP) downgraded to Underperform from Neutral at Credit Suisse... Emera (EMRAF) downgraded to Equal Weight from Overweight at Barclays... Fibria Celulose (FBR) downgraded to Neutral from Buy at Citigroup... First Marblehead (FMD) downgraded to Neutral from Buy at Compass Point... First Security (FSGI) downgraded to Market Perform from Outperform at Raymond James... Gap (GPS) downgraded to Market Perform from Outperform at FBR Capital... Intelsat (I) downgraded to Underweight from Equal Weight at Morgan Stanley... LivePerson (LPSN) downgraded to Neutral from Outperform at Credit Suisse... MercadoLibre (MELI) downgraded on valuation, difficult comps at Stifel... Midway Gold (MDW) downgraded to Underperform from Outperform at RBC Capital... Numerex (NMRX) downgraded to Market Perform from Outperform at Northland... Portland General Electric (POR) downgraded to Neutral from Overweight at JPMorgan... Rackspace (RAX) downgraded to Outperform from Buy at CLSA... Rosetta Resources (ROSE) downgraded to Sector Weight from Overweight at KeyBanc... SouFun (SFUN) downgraded to Hold from Buy at Deutsche Bank... Verizon (VZ) downgraded to Underperform from Neutral at Macquarie.
06:21 EDTFMDFirst Marblehead downgraded to Neutral from Buy at Compass Point
Subscribe for More Information
May 11, 2015
16:19 EDTFMDFirst Marblehead reports Q3 EPS (68c), consensus (51c)
Subscribe for More Information
16:10 EDTAPEIAmerican Public Education sees Q2 EPS 42c-46c, consensus 46c
Subscribe for More Information
16:08 EDTAPEIAmerican Public reports Q1 active student enrollment down 2%
Reports Q1 active student enrollment at American Public University System decreased 2% to 111,500, vs. 113,400 students prior quarter. Reports student enrollment at Hondros College of Nursing increased approximately 22% to 1,580, vs. 1,290 prior year. Reports net course registrations at American Public University decreased 6% y/y to 99,600. Reports net course registrations by new students at American Public University decreased 16% to 14,800.
16:05 EDTAPEIAmerican Public Education reports Q1 EPS 51c, consensus 50c
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use