Some of the names on the move ahead of the open.» Read More
PHOENIX— In a story Aug. 25 about death of University of Phoenix founder John Sperling, The Associated Press reported erroneously the day that Sperling died. John Sperling, University of Phoenix founder, dies. John Sperling, founder of for-profit University of Phoenix, dies at 93 near San Francisco.
Enchanted by the likes of Fyodor Dostoyevsky and F. Scott Fitzgerald, Sperling began a journey through higher education that ultimately led to his founding of the University of Phoenix, a for-profit institution.
July 4- Corinthian Colleges Inc said late on Thursday that it had reached a deal with the U.S. Department of Education to sell most of its 107 campuses and wind down others, underscoring some of the struggles facing for-profit colleges across the country. Last month the company said it was receiving $16 million in federal aid from the Department of Education.
June 25- For-profit education provider Apollo Education Group reported a better-than-expected quarterly profit as new enrollments saw its smallest decline in a year, sending its shares up as much as 4 percent.
June 25- For-profit education provider Apollo Education Group reported a 17 percent drop in quarterly profit as new enrollments fell sharply in its flagship University of Phoenix. Apollo Education said new enrollments at the university fell nearly 13 percent to 33,900..
June 25- University of Phoenix owner Apollo Education Group reported a 17 percent drop in quarterly profit as new enrollments fell sharply. Net income attributable to Apollo fell to $66 million, or 59 cents per share in the third quarter ended May 31, from $80 million, or 71 cents per share, a year earlier. 1/ 8 ID: nBw6sFMbba 3/ 8.
June 23- Corinthian Colleges Inc said it would receive $16 million in federal aid from the U.S. Department of Education that would prevent the for-profit education provider from a cash shortfall.
*Department of Education raises financial oversight. June 19- For-profit education provider Corinthian Colleges Inc said Its ability to continue as a going concern was in jeopardy after the U.S. Department of Education extended the waiting period to draw down federal student aid funds.
*Board hires Barclays to explore strategic options. May 6- Corinthian Colleges Inc said it has breached debt covenants due to $76.5 million in charges, and said it had hired Barclays Plc to explore strategic options.
*MannKind shares soar as diabetes drug gets FDA backing. NEW YORK, April 2- The S&P 500 closed at another record high on Wednesday as signs of steady private-sector hiring suggested that the economy was slowly building momentum after a winter-related pullback.
*MannKind shares soar as diabetes drug gets FDA backing. NEW YORK, April 2- U.S. stocks inched higher on Wednesday, pushing the S&P 500 to another intraday record, after data suggested the economy was slowly building momentum after a winter-related pullback earlier in the year.
*MannKind shares soar as diabetes drug gets FDA backing. NEW YORK, April 2- U.S. stocks made modest gains on Wednesday and the S&P 500 held near its record high of the prior session after data suggested the economy is recovering from a winter-driven slowdown.
*MannKind shares soar as diabetes drug gets FDA backing. NEW YORK, April 2- U.S. stocks were set for a flat open on Wednesday, indicating the S&P 500 will hold near its record high reached in the prior session, after data on the labor market was slightly below expectations.
Some of the names on the move ahead of the open.
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April 1- Apollo Education Group, the owner of the University of Phoenix, reported lower-than-expected quarterly revenue as new enrollments declined 16.5 percent, sending its shares down more than 4 percent in extended trading.
Check out which companies are making headlines after the bell Tuesday: Apollo, Wells Fargo, GM & more
Stocks held modest gains across the board Tuesday after the S&P 500 briefly shot to a fresh intraday record, as investors digested the latest batch of economic reports.
U.S. stock index futures pointed to a higher open Tuesday, looking to add to gains from the previous session, with the Institute for Supply Management (ISM) manufacturing survey for March in focus.
WASHINGTON, March 14- For-profit colleges on Friday criticized the Obama administration's proposal to deny federal funding to career-training institutions that students leave with high levels of debt.