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  • UPDATE 1-Apollo Education says to explore sale Monday, 11 Jan 2016 | 7:58 AM ET

    Shares of the owner of the University of Phoenix jumped 13 pct to $7.42 in premarket trading on Monday. Apollo, which had a market value of $714 million as of Friday, has been struggling with increased regulatory scrutiny that has squeezed federal aid. The company also reported a drop in revenue for the 18th straight quarter as new degree enrollments at Phoenix...

  • US STOCKS-Retreating crude, Apple drag Wall St lower Wednesday, 30 Dec 2015 | 1:00 PM ET

    *Pep Boys down; Bridgestone pulls out, Icahn agrees to buy. Dec 30- Wall Street was lower on Wednesday as Brent crude slid back towards the 11- year low it hit last week and Apple weighed on all three major indexes. Crude oil gave up its gains from Tuesday after forecasts of a short winter in North America and Europe piled pressure on the oversupplied commodity.

  • US STOCKS-Wall St lower as Brent retreats, Apple drags Wednesday, 30 Dec 2015 | 11:31 AM ET

    *Pep Boys down after Bridgestone pulls out of buyout. Dec 30- Wall Street was lower on Wednesday as Brent crude slid back towards the 11- year low it hit last week and Apple weighed on all three major indexes. Crude oil gave up its gains from Tuesday after forecasts of a short winter in North America and Europe piled pressure on the oversupplied commodity.

  • Dec 23- Freeport-McMoRan Inc, the U.S. miner that was targeted by activist investor Carl Icahn earlier this year, is planning to run an auction process for its oil and gas assets in early 2016, according to people familiar with the matter. Phoenix, Arizona- based Freeport-McMoRan's board has retained investment bank Lazard Ltd to advise on possible sale of the...

  • WASHINGTON, Dec 16- James Schnurr, just two months into his job as chief accountant at the U.S. Securities and Exchange Commission, stood before a packed ballroom in Washington last December and upbraided a little-known regulator. PCAOB Chairman James Doty was among those attending the annual accounting-industry gala where Schnurr spoke.

  • TEL AVIV, Dec 13- Representatives of Fosun International will arrive in Israel in the coming days to discuss the process of its agreed deal to buy control of Israeli insurer Phoenix Holdings from Delek Group. The stock exchange on Sunday suspended trading in Delek and Phoenix due to events related to Fosun, which said on Friday its Chairman Guo Guangchang, one of...

  • TEL AVIV, Dec 13- The Tel Aviv Stock Exchange on Sunday suspended trading in Delek Group and its insurance business Phoenix Holdings due to events related to Fosun International, the Chinese company that had agreed to buy a controlling stake in Phoenix. The Tel Aviv exchange said in a statement that due to news regarding events tied to the transfer of control in...

  • Dec 9- Freeport-McMoRan Inc on Wednesday suspended its annual dividend and made deeper cuts in capital spending and copper production, the latest mining company to act to preserve cash as a commodities' price downturn enters its fifth year. Shares in the U.S. diversified miner and oil producer jumped 9.9 percent to $7.41 a share on Wednesday morning, getting...

  • LOS ANGELES, Nov 8,- James Bond and Charlie Brown brought the box office roaring back to life, as "Spectre" and "The Peanuts Movie" attracted big crowds over their opening weekends. Internationally, however, "Spectre" remains a juggernaut, pulling in $200 million and pushing its worldwide total to more than $300 million after two weeks in release. With a production...

  • LOS ANGELES, Nov 8,- James Bond and Charlie Brown brought the box office roaring back to life, as "Spectre" and "The Peanuts Movie" attracted big crowds over their opening weekends. Internationally, "Spectre" is a juggernaut, pulling in $200 million and pushing its worldwide total to more than $300 million after two weeks in release. Sony's deal to distribute the Bond...

  • LAS VEGAS, Oct 26- Apple Inc's mobile wallet Apple Pay is winning over more U.S. households a year after its launch, but growth has slowed, research released on Monday showed. "A very rapid initial threshold was achieved by Apple Pay and it is still growing but the growth rate has slowed down," said Greg Weed, director of card performance research at Phoenix.

  • TORONTO, Oct 22- U.S. miner and oil producer Freeport-McMoRan, under pressure from activist investor Carl Icahn and falling prices, said on Thursday it will further cut copper and molybdenum output as it posted a bigger-than-expected quarterly loss. The Phoenix- based company said it remains confident in the longer-term outlook for copper, but will halve...

  • TORONTO, Oct 22- U.S. miner and oil producer Freeport-McMoRan, under pressure from activist investor Carl Icahn and falling prices, said on Thursday it will further cut copper and molybdenum output as it posted a bigger-than-expected quarterly loss. The Phoenix- based company said it remains confident in the longer-term outlook for copper prices, but will...

  • TORONTO, Oct 22- U.S. miner and oil producer Freeport-McMoRan, under pressure from activist investor Carl Icahn and falling commodity prices, said it would further cut copper and molybdenum output as it posted a bigger than expected quarterly loss on Thursday. The Phoenix- based company said it is cutting operating rates at its Sierrita mine in Arizona by 50...

  • Oct 9- For-profit college operator Apollo Education Group Inc said the U.S. Department of Defense has placed its University of Phoenix on probation, barring the unit from recruiting students on military bases or using federal money to fund tuition. Apollo said the university's participation in the department's tuition-assistance program was placed on...

  • The pledge was seen as a promising development for Phoenix, Arizona- based Freeport, which is under pressure from billionaire activist investor Carl Icahn and slumping commodity prices. Shares were up 1.7 percent to $13.24, after climbing more than 10 percent on Wednesday, when Freeport said two Icahn appointees were added to its board of directors.

  • Oct 8- U.S. energy and mining company Freeport-McMoRan Inc said on Thursday it has been assured by the government of Indonesia that the mining contract for its giant Grasberg copper and gold mine will be extended beyond 2021.. The pledge, coming after extended negotiations, is a positive development for Phoenix, Arizona- based Freeport, which is under pressure...

  • Oct 7- U.S. mining and energy company Freeport-McMoRan Inc, bowing to pressure from its largest shareholder, said on Wednesday it added two new directors to its board under an agreement with activist investor Carl Icahn. Freeport shares jumped more than 12 percent after announcing that it has added Andrew Langham and Courtney Mather to its board.

  • Oct 6- Freeport-McMoRan Inc, under pressure from activist shareholder Carl Icahn and weak commodity prices, said on Tuesday it is slashing its board size and exploring a return to its roots as a copper-focused mining company. Splitting up the company "is definitely what shareholders want," said Adrian Day, chief executive of Maryland- based Adrian Day Asset...

  • Oct 6- Freeport-McMoRan Inc, under pressure from activist shareholder Carl Icahn and weak commodity prices, said on Tuesday it is slashing the size of its board and exploring a spinoff or a joint venture for its oil and gas operations. The move sent Freeport shares up more than 5 percent to $11.74 in early trading in New York, with investors welcoming the prospect...