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Corinthian Colleges Inc

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  • WILMINGTON, Del., May 19- The bankruptcy of Corinthian Colleges Inc, one of the biggest for-profit college chains, has set off a scramble to find a way to wipe away billions of dollars of student loans for those who attended its campuses. The groups, including the National Consumer Law Center, said the Department of Education had the authority because Corinthian...

  • Correction: ITT Educational-Fraud Charges story Thursday, 14 May 2015 | 3:01 PM ET

    In a story May 12 about the Securities and Exchange Commission filing fraud charges against ITT Educational Services, The Associated Press erroneously spelled the last name of ITT's CEO the first reference. ITT Educational faces SEC charges of student loan cover-up. The SEC case in Indiana federal court alleges ITT tried to cover up troubles that began to...

  • *SEC says company hid information from investors, auditor. In a complaint filed in the federal court in Indianapolis, the SEC accused ITT, Chief Executive Kevin Modany and CFO Daniel Fitzpatrick of hiding how ITT expected to owe hundreds of millions of dollars because its underlying loans had performed "abysmally," with "extremely high" default rates.

  • May 4- Corinthian Colleges Inc, the for-profit college operator hamstrung by federal and state investigations, filed for bankruptcy in Delaware on Monday, about a week after announcing it would shutter its remaining campuses and cease operations. In April, the Department of Education fined Corinthian $30 million for misrepresenting job placement rates to...

  • Most of the campuses being shut are located in California. Earlier this month, the Department of Education fined Corinthian $30 million for misrepresenting job placement rates to students in its Heald College system. Education Under Secretary Ted Mitchell said in a statement on Sunday that the Department of Education will reach out to Corinthian students...

  • April 26- For-profit college operator Corinthian Colleges Inc said it will immediately shut down all its remaining campuses and cease substantially all other operations. Earlier this month, the U.S. Department of Education fined Corinthian Colleges $30 million for misrepresenting job placement rates to students in it Heald College system.

  • UPDATE 1-College watch list a 'caution light' Monday, 6 Apr 2015 | 3:11 PM ET

    LOS ANGELES, April 6- Regulators recently made public a once secret watch list of around 550 colleges under scrutiny for financial irregularities. But inclusion on the list doesn't automatically mean the schools are about to fail, according to Department of Education regulators, college officials and even the reporter who triggered the release of the list...

  • COLUMN-College watch list a 'caution light' Monday, 6 Apr 2015 | 11:55 AM ET

    LOS ANGELES, April 6- Regulators recently made public a once secret watch list of 556 colleges under scrutiny for financial irregularities. But inclusion on the list doesn't automatically mean the schools are about to fail, according to Department of Education regulators, college officials and even the reporter who triggered the release of the list with his...

  • WASHINGTON, Feb 3- The U.S. government said on Tuesday that the operators of Corinthian Colleges will agree to provide $480 million in debt forgiveness to students who took out risky private loans. The Consumer Financial Protection Bureau and the Department of Education also said that ECMC Group, the new owner for a number of the colleges, has agreed to cease...

  • Total enrollments at Apollo's flagship University of Phoenix dropped 20.4 percent to 592,853 in the quarter ended Nov. 30. Corinthian Colleges Inc and ITT Educational Services are under the U.S. government's scrutiny over their student loans and placement rates. Phoenix, Arizona-based Apollo forecast revenue of $580 million- $595 million for the second...

  • US accuses Corinthian Colleges of predatory lending Tuesday, 16 Sep 2014 | 12:38 PM ET
    An Everest College location in Woodbridge, Virginia.

    Corinthian Colleges' share price plunges after the announcement the Consumer Financial Protection Bureau's lawsuit.

  • Early movers: JPM, GS, JNJ, LO, TWX, TWTR & more Tuesday, 15 Jul 2014 | 8:09 AM ET
    Traders work on the floor of the New York Stock Exchange in New York.

    Some of the names on the move ahead of the open.

  • Early Movers: LULU, SNE, S, BA, GM & More Tuesday, 11 Jun 2013 | 7:53 AM ET

    Some of the names on the move ahead of the open.

  • market-insider-stocks-to-watch-AB-200.jpg

    Check out which companies are making headlines after the bell Monday:

  • Stocks End Off Lows, but EU Weighs; Apple Up 3% Thursday, 7 Feb 2013 | 5:12 PM ET
    Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S

    Stocks finished well off their earlier lows in volatile trading Thursday, as techs recovered in the final minutes of trading, but brewing worries over Europe kept a damper on gains.

  • Futures Shave Gains After Economic Reports Thursday, 7 Feb 2013 | 8:35 AM ET

    U.S. stock index futures pared their gains Thursday following policy announcements from both the Bank of England and the European Central Bank and as investors digested a pair of mixed economic reports.

  • Does Money Ruin Kids?   Wednesday, 6 Feb 2013 | 4:51 PM ET
    Does Money Ruin Kids?

    Graham Tuckwell is making news for giving away his children's inheritance. CNBC's Robert Frank takes a look at children of the wealthy like Paris Hilton and Ivanka Trump to see if money has "poisoned" them.

  • Sector Snap: Education companies mostly decline Monday, 15 Oct 2012 | 2:22 PM ET

    Recent data released by the Department of Education shows that students at for-profit schools have the highest default rates on student loans.

  • Sector Snap: For-Profit Education Monday, 1 Oct 2012 | 3:27 PM ET

    DeVry Inc. was one of the day's biggest gainers, rising $1.11, or 4.9 percent, to $23.87, after peaking at $25.02 earlier in the day.

  • Will Bridgepoint Be Held Back a Year? Tuesday, 10 Jul 2012 | 12:41 PM ET
    Dunce

    If you’re a Bridgepoint investor, Monday’s press release must have left you feeling like you bombed your final exam before graduation. If you haven’t already panicked out of your position, you could feel better when Bridgepoint bounces back, likely later in the week.