New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 14, 2014
09:40 EDTAPEI, DV, CECO, STRA, ESI, COCO, LOPE, BPI, APOLObama Administration unveils new proposed gainful employment regulations
The Obama Administration earlier today announced new proposed gainful employment regulations. The regulations would address growing concerns about burdensome student loan debt by requiring career colleges, many of which are owned by for-profit education companies, to do a better job of preparing students for gainful employment or risk losing access to taxpayer-funded federal student aid, the administration stated. Under the regulations, all gainful employment programs would have to pass metrics to continue eligibility in the federal student financial aid program, including: the estimated annual loan payment of typical graduates does not exceed 20% of their discretionary earnings or 8% of their total earnings and the default rate for former students does exceed 30%. About 20% of for-profit education programs would fail to meet the standards in the regulations, and another 10% would be in a warning zone, Education Secretary Arne Duncan said yesterday, according to Inside Higher Education. Publicly traded companies in the space 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 From The Last 14 Days
Check below for free stories on APEI;DV;CECO;STRA;ESI;COCO;LOPE;BPI;APOL the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 23, 2014
17:58 EDTESICDK Global set to join S&P MidCap 400, Bill Barrett to join S&P small cap 600
CDK Global Inc. (CDKVV) will replace Bill Barrett (BBG) in the S&P MidCap 400, and Bill Barrett will replace ITT Educational Services (ESI) in the S&P SmallCap 600 after the close of trading on Tuesday, September 30. S&P 500 constituent Automatic Data Processing (ADP) is spinning off CDK Global in a deal expected to be completed on that date. Bill Barrett's market capitalization is below $1.2B, making it more representative of the small cap market space. ITT Educational Services is ranked at the bottom of the S&P SmallCap 600. CDK Global provides integrated information technology and digital marketing solutions to retail locations and manufacturers. Headquartered in Hoffman Estates, IL, the company will be added to the S&P MidCap 400 GICS Application Software Sub-Industry index. Bill Barrett acquires, explores, and develops oil and natural gas resources. Headquartered in Denver, CO, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Exploration & Production Sub-Industry index.
17:22 EDTESIBill Barrett to replace ITT Educational in S&P 600 as of 9/30 close
Subscribe for More Information
September 19, 2014
17:40 EDTCOCOCorinthian Colleges received grand jury subpoena on September 3
On September 3, the company received a grand jury subpoena for documents from the United States Attorney’s Office in the Middle District of Florida. The subpoena seeks documents and records relating to an internal investigation of a former employee’s misconduct at the Everest Brandon campus and the company’s return of Title IV funds as a result of the investigation. The company initially self-reported the results of the internal investigation to the Office of Inspector General for the Department of Education on June 28, 2013. It is not clear whether the subpoena seeks this information regarding the former employee, the company or both. The company is evaluating the subpoena and intends to cooperate fully with the request. On September 10, the company received a grand jury subpoena for documents from the United States Attorney’s Office in the Northern District of Georgia. The subpoena seeks documents and records relating to the Everest Jonesboro and Everest Decatur campuses regarding matters including job placement, graduation rates, admissions, attendance, and student and employee information. The grand jury subpoena is signed by the same assistant United States attorney that assisted with the original, April 11, 2011 civil investigative demand for similar documents related to the same two campuses. The company is evaluating the subpoena and intends to cooperate fully with the request. On September 15, the company received a letter from the Accrediting Commission of Career Schools and Colleges, or ACCSC, the institutional accrediting agency for forty campuses, notifying the company that it was placing the Corinthian system of schools on “Warning,” continuing the company’s schools on Employment Verification Reporting, continuing to review the materials and responses submitted by the company regarding all outstanding matters both within ACCSC and externally, directing the company’s ACCSC schools to inform current and prospective students that it is on Warning, placing Corinthian’s schools on Financial Reporting, and restricting the company’s schools from applying for certain substantive changes.
14:10 EDTESIITT Educational weakness a buying opportunity, says Wells Fargo
Subscribe for More Information
10:53 EDTESI Options with increasing implied volatility: ESI INO VALE AGNC
Subscribe for More Information
10:07 EDTESIHigh option volume stocks
Subscribe for More Information
09:19 EDTESIOn The Fly: Pre-market Movers
Subscribe for More Information
07:59 EDTESIITT Educational discloses receipt of SEC 'Wells Notice' in August
Subscribe for More Information
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 EDTAPEI, DV, STRA, 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
Subscribe for More Information
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
Subscribe for More Information
September 10, 2014
08:32 EDTDV, ESI, APOL, LOPE, STRABofA/Merrill education/prof svcs analyst has analyst/industry conference call
Subscribe for More Information

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