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Stock Market & Financial Investment News

News Breaks
May 6, 2014
06:56 EDTLOPE, APOL, COCO, BPI, ESI, STRA, APEI, SLM, CECO, FMD, DV, NNISenate to vote on student loan refinance bill, Politico says
Senate Democrats are preparing to hold a vote on legislation that will allow individuals who have student loans with high interest rates to refinance them at much lower rates, according to Politico. The legislation is expected to be introduced later this week and voted on "toward the beginning of June," the website stated. Companies that provide student loans include SLM Corp (SLM), Nelnet (NNI), and The First Marblehead (FMD). Publicly traded for-profit education companies include American Public Education (APEI), Apollo Education (APOL), Bridgepoint Education (BPI), Career Education (CECO), Corinthian Colleges (COCO), DeVry (DV), Grand Canyon Education (LOPE), ITT Educational (ESI) and Strayer (STRA). Reference Link
News For SLM;NNI;FMD;APEI;DV;CECO;STRA;ESI;COCO;LOPE;BPI;APOL From The Last 14 Days
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December 19, 2014
10:17 EDTFMDOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aviva (AV) upgraded to Outperform from Market Perform at Bernstein... Basic Energy (BAS) upgraded to Buy from Accumulate at Tudor Pickering... BioDelivery Sciences (BDSI) upgraded to Buy from Neutral at Roth Capital... CVS Health (CVS) upgraded at SunTrust... CVS Health (CVS) upgraded to Buy from Neutral at SunTrust... EPR Properties (EPR) upgraded to Hold from Underweight at KeyBanc... Ensco (ESV) upgraded to Accumulate from Hold at Tudor Pickering... First Marblehead (FMD) upgraded to Buy from Neutral at Compass Point... GOL Linhas (GOL) upgraded to Outperform from Neutral at Credit Suisse... Medical Properties Trust (MPW) upgraded to Hold from Underweight at KeyBanc... NVIDIA (NVDA) upgraded to Neutral from Underperform at BofA/Merrill... NewStar Financial (NEWS) upgraded to Buy from Neutral at Sidoti... Orange SA (ORAN) upgraded to Buy from Hold at Deutsche Bank... Parker Drilling (PKD) upgraded to Buy from Accumulate at Tudor Pickering... Potash (POT) upgraded to Buy from Neutral at UBS... Teekay Tankers (TNK) upgraded to Buy from Neutral at BofA/Merrill... Tidewater (TDW) upgraded to Accumulate from Hold at Tudor Pickering... Unum Group (UNM) upgraded to Buy from Neutral at Compass Point... WPP PLC (WPPGY) upgraded to Buy from Neutral at Citigroup... Weatherford (WFT) upgraded to Buy from Hold at Tudor Pickering.
06:53 EDTAPEI, LOPE, ESI, DV, STRA, APOL, BPI, COCO, CECOWhitie House unveils college ratings blueprint, Reuters says
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06:23 EDTFMDFirst Marblehead upgraded to Buy from Neutral at Compass Point
Compass Point upgraded First Marblehead to Buy citing the withdrawal of the IRS challenge to federal tax refunds.
December 18, 2014
16:10 EDTCECOCareer Education intends to divest Le Cordon Bleu Colleges of Culinary Arts
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11:28 EDTFMDFirst Marblehead jumps 157% after IRS reverses course on adjustments
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11:19 EDTFMDFirst Marblehead announces IRS withdrawing proposed adjustments
First Marblehead announced that the Internal Revenue Service has informed the company that it is no longer challenging the federal tax refunds the company previously received in the amounts of $176.6M and $45.1M. As the company has previously disclosed, the IRS had issued Notices of Proposed Adjustment, or NOPAs, in September 2013 that proposed to disallow the loss that resulted in the tax refunds, as well as require the company to include income from the trust certificate of NC Residuals Owners Trust from the March 31, 2009 sale date through June 30, 2011 in its taxable income for such years. The company expects to receive formal written confirmation of the IRS's decision not to make these adjustments during 3Q15. As for all refunds in excess of $2M, the IRS's decision is subject to the review of the Congressional Joint Committee on Taxation, First Marblehead noted.
10:59 EDTFMDFirst Marblehead trading halted, pending news
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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