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Stock Market & Financial Investment News

News Breaks
January 4, 2013
16:39 EDTESIITT Educational reports $13.2M after-tax charge in Q4, will cut EPS by 56c
On December 28, ITT Educational entered into a settlement agreement and release with Sallie Mae to settle the previously disclosed litigation matter between the company and Sallie Mae relating to the risk sharing loan program agreement, dated as of July 17, 2007, between the company and Sallie Mae. Under the terms of the settlement agreement, the company has agreed to pay a one-time payment of $46M to Sallie Mae on or before January 29, 2013. The company expects to record an after-tax charge to net income of approximately $13.2M in Q4. The company also expects that this after-tax charge to net income will reduce its EPS by approximately 56c in Q4.
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December 19, 2014
06:53 EDTESIWhitie House unveils college ratings blueprint, Reuters says
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