OfficeMax Inc. maintained its third-quarter sales forecast on Tuesday and said customers were budget conscious in their back-to-school spending.
Filed under: Education
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Kellogg study: Listen to your elders
Just about every family has one: An elderly aunt, uncle or grandparent who blurts out uncomfortably blunt advice. Well, stop cringing and start listening. At least that’s the finding of a study released today by a visiting researcher at Northwestern University’s Kellogg School of Management.
Some older adults’ declining ability to control their responses can bring about a higher quality of advice, according Evan Apfelbaum, the lead author, who is a visiting assistant professor of management and organizations at Kellogg. Get the full story »
Alum gives U. of C. Law School $10M
The University of Chicago Law School announced Wednesday that it has received a $10 million gift to create 60 full-tuition scholarships starting next year.
The donation, the largest gift from an individual in the law school’s history, came from David Rubenstein, an alumnus who founded a successful private equity firm in Washington D.C. Get the full story »
NU medical school dean to head to Penn
Dr. Larry Jameson
Dr. Larry Jameson, dean of the Northwestern Medical School, has been named executive vice president of the University of Pennsylvania for the Health System and dean of the university’s medical school, Penn confirmed Thursday.
The appointment is effective July 1, 2011. Get the full story »
Durbin remarks pressure for-profit colleges
From Bloomberg News | U.S. education stocks are under pressure after U.S. Sen. Dick Durbin (D-Ill.) said industry practices should be curbed. “We need to consider whether it is wise for companies to profit so handsomely on federal funding when the results don’t match the investment,” Durbin said in a statement. “And we need congressional action to rein in abuses and ensure that taxpayer dollars are being wisely spent.”
Allstate to sponsor Wrigley college football game
The Chicago Cubs and Northwestern University said Allstate Corp., the Northbrook-based home and auto insurer, will be the official sponsor for the Nov. 20, 2010 college football game between the Northwestern Wildcats and the Illinois Fighting Illini at Wrigley Field.
Allstate’s sports marketing activities already include college football. It renewed its sponsorship of the Sugar Bowl earlier this summer for another four years. That affiliation began in 2006. Get the full story »
Barclays cuts for-profit colleges, citing political risk
Barclays Plc. analysts downgraded the shares of three for-profit education stocks, saying that they could suffer as politicians and regulators consider changes to rules for the industry.
New loan standards hit for-profit college stocks
U.S. education stocks tumbled Monday after Department of Education data on student loan repayments showed most for-profit schools would be ineligible for federal aid, spooking a sector concerned about increased regulatory scrutiny.
The S&P education services index dropped more than 6 percent to a 22-month low in an overall Nasdaq market that was up 0.4 percent. The sector saw blistering growth in much of last year as job seekers headed back to school to boost their employment prospects after the financial crisis. Get the full story »
DeVry Q4 beats Street on higher enrollments
For-profit education provider DeVry Inc. posted better-than-expected quarterly results, as enrollments rose at its DeVry university and online courses.
For the fourth quarter ended June 30, the company posted earnings of $71.6 million, or 99 cents a share, compared with earnings of $37 million, or 51 cents a share, a year earlier. Get the full story »
Barnes & Noble expands textbook rental program
Barnes & Noble’s college bookstore unit said Monday it is expanding its textbook rental program.
The program, which began as a pilot in January, is offered through campus bookstores managed by Barnes & Noble. Users have the option of renting in campus bookstores or online. Get the full story »
For-profit education stocks slide
Shares of for-profit education companies slipped Friday after American Public Education Inc. slashed its third-quarter outlook and said its guidance for the full year shouldn’t be relied upon, as increased operations activity in the U.S. military is hurting its net course registrations. Get the full story »
Up 23%, Career Ed 2Q earnings still fall short
Career Education Corp.’s second-quarter profit soared as the for-profit college’s student population rose 23 percent and margins improved, though revenue fell short of analysts expectations.
College operators have benefited during the recession as out-of-work adults look to re-train, but their rapid growth has garnered the attention of the Department of Education and Congress. Get the full story »
U. of C. initiative links patients to ‘medical homes’
An initiative designed to transform health care that was once led by First Lady Michelle Obama on Chicago’s South Side has linked more than 5,600 largely low income patients to a medical home in five years, but has faced challenges in helping these people maintain a relationship with a doctor or clinic, executives at the University of Chicago said today.
Five years after the Urban Health Initiative was launched by executives at the University of Chicago Medical Center and its then vice president of community affairs Michelle Obama as a way to educate patients on the best use of the emergency room, the effort has grown into a network of 25 community-based clinics and other providers of medical-care on a budget of more than $6 million a year. It is now poised to escalate research initiatives and teaching opportunities for physicians in hopes of becoming a national model for medical care in urban areas of the U.S. Get the full story »
Chicago’s Booth School of Business chooses dean
The University of Chicago Booth School of Business named an engineer from Stanford University as its new dean.
The prominent business school said Wednesday that it hired Sunil Kumar, a Stanford University professor, to succeed outgoing Dean Edward Snyder.
Kumar, 42, is a professor of operations, information and technology and an associate dean for academic affairs at Stanford University Graduate School of Business in Palo Alto, Calif. He starts his five-year term Jan. 1. Get the full story »
DeVry expands program to boost graduation rates
From Crain’s Chicago Business | Downers Grove-based DeVry Inc. will donate $1.5 million over three years to America’s Promise Alliance, a national youth development group founded by former General Colin Powell.
