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Stock Market & Financial Investment News

News Breaks
December 13, 2012
14:14 EDTDV, APOL, ESI, CECOMoody's: Defaults of private student loans to stay high in 2013 but will improve
The default rate of securitized private (non-guaranteed) student loans, PSL, will remain high into 2013; however, it will continue to improve slowly on a year-over-year basis, says Moody's Investors Service in a new report, "Private (Non-Guaranteed) Student Loan Defaults Improve But Will Remain High in 2013." Reference Link
News For CECO;APOL;DV;ESI From The Last 14 Days
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December 19, 2014
06:53 EDTAPOL, CECO, DV, ESIWhitie House unveils college ratings blueprint, Reuters says
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December 18, 2014
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.

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