Apollo Group News

Las Vegas Sands advanced after it arranged bank commitment of $1.45 billion for Macau casino.

November 08, 2009 - Comments APOL I am thinking about doing a straddle or strangle trade for Apollo Group , the largest for-profit education company and the owner of the University of Pheonix.

Several large lease transactions have been announced in recent days, including a 111,300-square-foot deal for the University of Phoenix.

U.S. stocks fell on Wednesday after September new home sales unexpectedly tumbled and analysts said there was little in the way of catalysts to further fuel the market's seven-month rally.

Losses in the late afternoon trading in the Americas dragged markets lower in New York, Toronto and Sao Paolo.

Among the companies whose shares are expected to see active trade in Wednesday's session are Ashland, Coke Enterprises, DreamWorks, E-Trade, General Dynamics, Hess, Interpublic, Molex, Norfolk Southern, Target, Unisys, Visa and WellPoint.

Reported Thursday Morning: Conoco Phillips COP reported earnings of $1.00 before the bell, beating estimates by $.06. Report Recap: Earnings fell 71% year-over-year on a $1.5 billion drop in profits.

Corporate balance sheets may be showing signs of the wear and tear from the prolonged U.S. recession as accounting irregularities are starting to surface at growing numbers at U.S. companies.

The University of Phoenix, the largest for-profit college in the U.S., may have set off on a collision course with the federal government and investors in 2001.

Apollo Group was recently trading at $58.52 in after market trading, below its close of $72.97. APOL announced an informal inquiry into its revenue recognition practices.

Apollo Group Inc.'s fiscal fourth-quarter profit slumped 60% as the for-profit education company recorded one-time charges for a litigation settlement and a write-off for other assets, which offset a big jump in revenue and higher enrollment numbers.

Phoenix-based Apollo Group Inc., the biggest publicly traded U.S. educator, plunged the most in more than 19 months in New York trading after the company said its accounting is being investigated by the U.S. government.

Stock prices slide again Wednesday following a report that new home sales fell in September and renewed concerns about the strength of the economic recovery.

S&P equity analyst Stuart Plesser said on Oct. 28 that Visa posted fiscal fourth-quarter operating earnings per share of 74 cents, vs.

Apollo Group plunged after SEC opened an informal revenue recognition inquiry. Panera Bread rose after its quarterly net surged 38%. Visa Inc swung to a quarterly profit of 69 cents a share.

Welcome to Deal Stocks. In the news Wednesday are Deutsche Bank AG , Sal. Oppenheim Jr.

Shares of for-profit education companies tumbled Wednesday a day after Apollo Group Inc., one of the largest and oldest of the companies, said the Securities and Exchange Commission had launched an "informal inquiry" into its revenue accounting practices, its second SEC probe this year.

Most U.S. stocks fell, extending a global slump, as Goldman Sachs Group Inc. reduced its forecast for economic growth and companies from SAP AG to ArcelorMittal and Canon Inc.

Apollo Group Inc., owner of online school The University of Phoenix, said Tuesday its fiscal fourth-quarter profit fell 60 percent as it spent more on promotions, instructional costs and other operating expenses.

Apollo Group Inc. plunged as much as 21 percent in extended trading after the company reported the Securities and Exchange Commission commenced an informal inquiry into the companya s revenue recognition practices.