Corinthian Colleges Inc is the first university operator in the United States to feel the force of a government crackdown on the $28 billion for-profit education sector. As part of an agreement with the Department of Education- the same deal to which Wickiser's login page made reference- Corinthian has six months to sell most of its campuses or close them down.
May 22- ITT Educational Services Inc, a for-profit college operator, withdrew its full-year forecast and warned of a fall in new enrollment after rising for three straight quarters, adding to the uncertainty surrounding the sector.
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.
Companies in the news after the bell Tuesday.
Traders await Friday's jobs report and watch emerging markets to see if the selloff can be contained.
We pay attention to downsize risks, says Chuck De Lardemelle, International Value Advisers, explaining why he thinks buying shares of DeVry is a smart bet.
With stocks near record highs, strategists are recommending investors focus on stock-picking select names and sectors, rather than the broader market.
Check out which companies are making headlines after the bell Thursday:
Following upbeat earnings, stocks rally for third straight day. Best 3-day winning streak for S&P 500 since late November, best 3-day winning streak for Nasdaq since early August.
Check out which companies are making headlines after the bell Tuesday:
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.
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.
NEW YORK-- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:. Arch Coal Inc., up 78 cents at $8.09. Goodyear Tire& Rubber Co., down $1.28 at $11.02.
NEW YORK-- Enrollments are still dropping at DeVry, but at a slower pace, helping the for-profit education company top analyst expectations in its latest quarter and driving up its shares Friday. THE SPARK: DeVry Inc. said late Thursday that fiscal first-quarter earnings came to 49 cents per share on revenue of $482.7 million.
DOWNERS GROVE, Ill.-- DeVry Inc.' s fiscal first-quarter profit fell 44 percent on declining enrollment, but the for-profit education company beat market expectations. DeVry and other for-profit education companies have struggled for more than a year with the impact of new government regulations and increased scrutiny.
Recent data released by the Department of Education shows that students at for-profit schools have the highest default rates on student loans.
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.
NEW YORK, Oct 1- Small cap stocks rallied on Monday as a surprise expansion in the U.S. manufacturing sector quieted concerns about economic growth at a time when central banks are seen continuing to support markets. The ISM number suggests that things are not that bad, "said Adam Sarhan, chief executive officer at Sarhan Capital in New York."
Goldman Sachs strategists expect the “fiscal cliff” to push the market lower in the fourth quarter, and they recommend investors sell the stocks that have lagged so far this year.
The clock is ticking on tax rules that may change on January 1, 2013 and could impact the way parents contribute to a college education.