Corinthian Colleges' share price plunges after the announcement the Consumer Financial Protection Bureau's lawsuit.» Read More
Stocks ended mixed as a strong earnings reports from the tech sector were offset by a selloff of blue chip stocks. Meanwhile, oil futures spiked to a new intraday record but ended lower on late profit-taking.
For-profit higher education company Corinthian Colleges on Tuesday posted lower quarterly profit, citing costs associated with closing some of its facilities.
Dozens of companies are being investigated for backdating stock options to the days that followed the Sept. 11, 2001, terrorist attacks, and profiting on the back of the equity-market slump that resulted, The Wall Street Journal reported Wednesday.