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Stock Market & Financial Investment News

News Breaks
February 22, 2013
06:35 EDTNAUH, STRA, APOL, FMD, COCO, LOPE, BPI, CECO, SLM, LINC, ESI, EDMC, APEI, DVConsumer bureau to develop private student loan plan
The federal government's Consumer Financial Protection Bureau yesterday announced that it would develop a plan to address the challenges faced by individuals with private student loans. The bureau noted that it had heard complaints from private student loan borrowers about their inability to refinance or negotiate an alternative repayment plan with their lender or servicer. The agency said it would accept comments on the issue through April 8. Reference Link
News For SLM;FMD;APEI;CECO;APOL;EDMC;BPI;STRA;ESI;LOPE;NAUH;LINC;COCO;DV From The Last 14 Days
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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.
08:54 EDTEDMCEducation Management says court denied motion filed by Marblegate
Education Management announced that the U.S. District Court for the Southern District of New York has denied the motion filed by Marblegate Asset Management and Magnolia Road Capital seeking to preliminarily enjoin the company from consummating its proposed debt restructuring. The court denied the injunction based on, among other things, the balance of equities and the public interest. The court also concluded on a preliminary basis that the plaintiffs are likely to succeed on the claim they have asserted under the Trust Indenture Act. The company respectfully disagrees with that aspect of the opinion and, based on the court's order, plans to move forward promptly with the restructuring.
December 5, 2014
08:01 EDTAPOLApollo Education closes acquisition of majority interest in Sociedade Técnica
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December 4, 2014
08:09 EDTAPOLApollo Education develops venture investment platform
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