Jan. 19 at 5:34 p.m.
Filed under:
Economy,
Education,
Jobs/employment,
Layoffs
By Dow Jones Newswires
Career Education Corp. said Wednesday that it will cut its U.S. work force by 7 percent, or 600 positions, as the for-profit educator looks to reduce costs in the face of slowing enrollment growth.
The company, whose schools include Le Cordon Bleu North America and American InterContinental University, said the reductions will roll out over the next few months. Career Education will book a charge of up to $8 million in its fiscal fourth quarter on severance and related costs. Get the full story »
Jan. 11 at 3:23 p.m.
Filed under:
Education
From Bloomberg | The University of Chicago said Tuesday that it received 21,669 applications for undergraduate admission in the 2011-2012 academic year, after the institution enlisted alumni into its outreach efforts.
The total rose 12 percent from 19,374 a year earlier. Get the full story »
Dec. 30, 2010 at 3:58 p.m.
Filed under:
Education
By Reuters
The University of Wisconsin at Madison beat storied institutions like Harvard and Yale in terms of brand presence on the Internet in 2010, according to a survey released on Thursday.
The University of Wisconsin at Madison was deemed the top U.S. university in a TrendTopper MediaBuzz Internet analysis by the Global Language Monitor.
The list is compiled using a mathematical model to measure the “brand equity” of colleges in terms of their global impact on the Internet and social media during the year. Get the full story »
Dec. 28, 2010 at 10:08 a.m.
Filed under:
Education
By Reuters
An Illinois student loan agency is proposing to sell $100 million of debt a year to supplement funding for a college grant program, a state official said on Monday.
Andrew Davis, executive director of the Illinois Student Assistance Commission, said the 10-year taxable revenue notes or bonds would be paid off with future state income tax payments made by recipients of the grants. Get the full story »
Dec. 21, 2010 at 5:15 p.m.
Filed under:
Education,
Litigation
By Associated Press
Federal authorities on Tuesday filed a lawsuit against Kaplan Higher Education Corp. for allegedly discriminating against black job applicants by screening the credit history of potential employees.
The Equal Employment Opportunity Commission says the practice of rejecting job seekers based on their credit history has a discriminatory impact on some racial and ethnic groups. The lawsuit alleges that Kaplan’s practice is not job-related or justified by business necessity. Get the full story »
Dec. 10, 2010 at 4:37 p.m.
Filed under:
Education,
Investigations
By Andy Grimm | A former Kaplan Inc. dean was found guilty Friday of sending threatening and harassing e-mail messages to company executives, staff and students.
A federal jury found former Ben Wilcox, 45, of River Forest, guilty on each of six counts in connection with profane messages he allegedly sent from a hacked e-mail account following his firing in 2007.
Wilcox’s attorneys maintained Wilcox was framed by Kaplan in retaliation for filing a federal whistle-blower lawsuit claiming Kaplan executives engaged in widespread fraud at their for-profit universities. The jury of five men and seven women deliberated for more than seven hours. Get the full story »
Dec. 8, 2010 at 6:35 a.m.
Filed under:
Education
By Dow Jones Newswires
Washington Post Co.’s Kaplan Higher Education unit said it would be laying off about 5 percent of its work force, about 770 jobs, as it tries to strategically reduce enrollments of students less likely to repay their loans. About 185 of the positions are in Chicago, Crain’s Chicago Business reported. Get the full story »
Dec. 7, 2010 at 10:10 a.m.
Filed under:
Education,
Investigations,
Policy,
Politics
By Reuters
For-profit education provider DeVry Inc. said fall 2010 new student enrollment declined at some of its colleges, hurt by lower demand. DeVry, along with other for-profit education companies, has been under fire from regulators and the Obama administration for saddling students with big debts and not fully preparing them for jobs. Get the full story »
Dec. 2, 2010 at 5:43 a.m.
Filed under:
Education
From the Chicago Sun-Times | Replogle Globes Inc., a company that has made globes since 1930, has been sold to Indianapolis-based Herff Jones and will close operations in Broadview, laying off most of its 84 employees.Get the full story>>
Nov. 16, 2010 at 6:23 p.m.
Filed under:
Commercial real estate,
Education,
Real estate
From Crain’s Chicago Business | Johnson Publishing Co. has sold its headquarters at 820 S. Michigan Ave. to Columbia College Chicago, though it did not disclose terms of the sale. In a press release, Johnson Publishing said it will continue to occupy the building under an 18-month lease.
Nov. 12, 2010 at 12:58 p.m.
Filed under:
Education
By Dawn Rhodes | The new site for Northwestern’s Kellogg School of Management will concentrate the school’s resources in one place and potentially open a central location for its student center, according to university officials.
The Board of Trustees approved Thursday’s proposal to put the new building on the northeast part of campus, between the James L. Allen center, which houses the Executive Education Center, and Lakeside Fields where the lacrosse, soccer and field hockey teams play. Currently, a parking lot occupies that space. Get the full story »
Nov. 10, 2010 at 3:02 p.m.
Filed under:
Education
From Bloomberg | Top executives at the 15 U.S. publicly traded for-profit colleges, led by Apollo Group Inc. and Education Management Corp., received $2 billion during the last seven years from the proceeds of selling company stock, Securities and Exchange Commission filings show.
Nov. 8, 2010 at 7:03 a.m.
Filed under:
Education,
Food,
Restaurants
By Associated Press
Casual dining chain International House of Pancakes LLC is planning to develop more restaurants on college campuses with partner Aramark.
“The trend of breakfast all-day and late-night dining is growing on college campuses,” said Ann Marie Solomon, Aramark vice president of national brand partnerships, in a statement. Get the full story »
Nov. 2, 2010 at 5:11 p.m.
Filed under:
Education,
Investigations,
Jobs/employment
By Ameet Sachdev
Career Education Corp. said Tuesday that it will pay about $40 million to settle lawsuits filed by students in one of its culinary schools.
The settlement was recorded as a pretax charge against the company’s third-quarter earnings. In the quarter ended Sept. 30, Career Education reported net income of $26.1 million, or 33 cents a diluted share. Operating income excluding the $40 million charge was $78.3 million.
In the year ago quarter, the company, which operates for-profit colleges, reported net income of $20.8 million, or 25 cents a diluted share. The year-ago quarter also included a special item for $18.8 million in compensation expense. Get the full story »
Nov. 2, 2010 at 8:17 a.m.
Filed under:
Consulting,
Education,
M&A
By Ameet Sachdev
Huron Consulting Group Inc. said it has acquired a firm that helps research institutions, hospitals and academic centers manage research and clinical trials. Get the full story »
