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Stock Market & Financial Investment News

News Breaks
May 13, 2014
10:28 EDTHSH, COCO, PSEC, PHH, TTWOHigh option volume stocks: HSH COCO PSEC PHH TTWO
News For HSH;COCO;PSEC;PHH;TTWO From The Last 14 Days
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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.
September 18, 2014
11:20 EDTTTWOTake-Two says will be profitable for foreseeable future
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11:16 EDTTTWOTake-Two says best use of cash is game development projects
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07:32 EDTTTWOMKM Partners to hold a conference
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September 16, 2014
13:00 EDTCOCOCorinthian Colleges sued by CFPB over predatory loans, Reuters says
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September 12, 2014
08:05 EDTTTWORockstar Games says Grand Theft Auto V to launch Nov. 18 for PS4, Xbox One
Rockstar Games (TTWO) announced that Grand Theft Auto V will arrive on the PlayStation 4 (SNE) computer entertainment system and Xbox One, the all-in-one games and entertainment system from Microsoft (MSFT) on November 18, with the PC version to follow on January 27, 2015.
07:19 EDTTTWOConsoles lead video game sales up 8% in August, Bloomberg reports
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05:36 EDTTTWOAugust NPD video game software sales fell 21%, says Piper Jaffray
Piper Jaffray says August NPD video game software sales fell 21% year-over-year. The firm continues to expect growth beginning in late 2014 and recommends using any weakness in shares of GameStop (GME), Electronic Arts (EA), Activision Blizzard (ATVI) and Take-Two (TTWO) as a buying opportunity.
September 11, 2014
11:29 EDTPSECOptions with increasing implied volatility
Options with increasing implied volatility: VNET AVNR GPRO RAX FTR JDSU PSEC APD SYY GGP
07:28 EDTPSECPR Newswire to hold a virtual conference
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