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July 2, 2014
07:36 EDTCOCO, DV, CECO, ESI, APOL, BPI, LOPE, APEI, STRAImplications of Corinthian dissolution on peers mixed, says Wells Fargo
Corinthian Colleges' (COCO) "seeming imminent dissolution as an operating company" means that the Department of Education's actions have become unpredictable and will have "a chilling effect on investment" in the space, according to Wells Fargo. However, the firm thinks that a number of companies in the sector could benefit by acquiring some of Corinthinan's assets. It names Lincoln Educational (LNC), Universal Technical Institute (UTI), DeVry (DV), and Career Education (CECO) as the most likely companies to benefit from Corinthian's dissolution. Other publicly traded companies in the space include American Public Education (APEI), Apollo Education (APOL), Bridgepoint Education (BPI), Grand Canyon (LOPE), ITT Educational (ESI) and Strayer (STRA).
News For COCO;DV;CECO;ESI;APOL;BPI;LOPE;APEI;STRA From The Last 14 Days
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July 29, 2014
10:37 EDTSTRAStrayer upgraded to Hold from Sell at Deutsche Bank
July 28, 2014
08:04 EDTBPIBridgepoint Education discloses SEC subpoena, Massachusetts investigative demand
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July 21, 2014
10:32 EDTCOCOCorinthian Colleges confirms appointment of independent monitor
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July 20, 2014
15:51 EDTCOCOEducation Department names team to monitor Corinthian Colleges
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July 18, 2014
08:33 EDTDVDeVry discloses receipt of letter from NY AG regarding ads, marketing
DeVry disclosed in a regulatory filing that on July 15 DeVry Group received a letter from the Office of the Attorney General of the State of New York requesting cooperation with the NYOAG’s inquiry into whether recent television advertisements and website marketing regarding DeVry University may have violated federal and state laws prohibiting false advertising and deceptive practices. The letter requests relevant information from January 1, 2011, to the present to enable NYOAG to make a determination of what action, if any, is warranted. "DeVry Group intends to provide the Office of the Attorney General with its full cooperation with a view toward demonstrating the compliant nature of its practices. The timing or outcome of this matter, or its possible impact on DeVry Group’s business, financial condition or results of operations, cannot be predicted at this time," the company stated.
July 17, 2014
08:05 EDTCECOHLC continues accreditation for American InterCollege University
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