The Square and the Compass - Part 2 1/6
Oct 16, 2012 15:00:43 GMT -5
Post by popcorn on Oct 16, 2012 15:00:43 GMT -5
The Square and the Compass - Part 2 1/6 ;D
Its a sign.
U. of Phoenix to close schools
Apollo Group to cut jobs, shuts 25 campuses
October 16, 2012 6:47 PM ET
Reuters) - Apollo Group Inc , owner of the largest for-profit college in the United States, said it will cut about 800 jobs and shut down 25 campuses to save costs amid declining profit and lower student enrollments.
The parent company of the University of Phoenix forecast a weak 2013 and said it expects to cut costs by $300 million by fiscal year 2014.
Apollo's shares, which have nearly halved in value since the beginning of the year, were down 8 percent at $25.20 in extended trade. They closed at $27.49 on the Nasdaq on Tuesday.
The market leader's action is yet another sign that a recovery in the for-profit education industry is far away.
read more:
money.msn.com/business-news/article.aspx?feed=OBR&date=20121016&id=15678879
Its a sign.
U. of Phoenix to close schools
Apollo Group to cut jobs, shuts 25 campuses
October 16, 2012 6:47 PM ET
Reuters) - Apollo Group Inc , owner of the largest for-profit college in the United States, said it will cut about 800 jobs and shut down 25 campuses to save costs amid declining profit and lower student enrollments.
The parent company of the University of Phoenix forecast a weak 2013 and said it expects to cut costs by $300 million by fiscal year 2014.
Apollo's shares, which have nearly halved in value since the beginning of the year, were down 8 percent at $25.20 in extended trade. They closed at $27.49 on the Nasdaq on Tuesday.
The market leader's action is yet another sign that a recovery in the for-profit education industry is far away.
read more:
money.msn.com/business-news/article.aspx?feed=OBR&date=20121016&id=15678879