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Massachusetts Investigating Apollo Group's University of Phoenix

NEW YORK -(Dow Jones)- Apollo Group Inc.'s (APOL) University of Phoenix has been asked by the Massachusetts Attorney General to hand over information on its recruitment and student financial-aid practices, joining at least two other publicly traded schools facing such a request. Phoenix, which has three campuses in Massachusetts as well as an online operation, according to the school's website, said in a securities filing early Monday that it was asked to provide documents and information regarding a "broad spectrum" of its business from 2002 to the present. Last week, one of Washington Post Co.'s (WPO) Kaplan Career Institute campuses in Boston received a similar request, and Corinthian Colleges Inc. (COCO) disclosed late last month that its Everest Institute locations in Brighton and Chelsea also received investigative demands. Apollo said in a securities filing Monday that it believes Massachusetts is part of a coalition of states investigating the for-profit college industry. The Huffington Post earlier this month reported that a group of 10 states is looking into the sector's business practices to see if any violated consumer protection statutes. It confirmed Kentucky, Florida, Illinois and Iowa as members. Apollo said in the filing that it is "evaluating" the demand. -Melissa Korn, Dow Jones Newswires; 212-416-2271; Melissa.korn@dowjones.com

Stock News for Apollo (APOL)
DateTimeHeadline
06/25/201416:14:25U.S. Hot Stocks: Hot Stocks to Watch
04/02/201409:27:32U.S. Hot Stock Futures: Hot Stocks to Watch
04/01/201417:08:08MARKET SNAPSHOT: U.S. Stocks Rally; S&P 500 Closes At Record
04/01/201413:04:09MARKET SNAPSHOT: U.S. Stocks Rise; S&P 500 Tops Record Close
01/08/201416:40:12MARKET SNAPSHOT: U.S. Stocks End Lower After Fed Minutes
01/08/201414:47:17MARKET SNAPSHOT: U.S. Stocks Hold Losses After Fed Minutes
01/08/201412:31:37MARKET SNAPSHOT: U.S. Stocks Seesaw Ahead Of Fed Minutes
01/08/201410:18:10MARKET SNAPSHOT: U.S. Stocks Drop Ahead Of Fed Minutes
12/18/201309:41:50U.S. Hot Stocks Futures: Hot Stocks to Watch
11/15/201308:27:55S.A.C. Capital Advisors LP 3Q 13F: Largest Eliminations
11/15/201308:27:52S.A.C. Capital Advisors LP 3Q 13F: Largest -2-
11/15/201308:27:52S.A.C. Capital Advisors LP 3Q 13F: Largest Sales
11/15/201308:27:52S.A.C. Capital Advisors LP 3Q 13F: Largest Purchases
11/15/201307:10:27AQR Capital Management 3Q 13F: Largest Purchases -2-
11/15/201307:10:23AQR Capital Management 3Q 13F: Largest Sales
06/26/201309:15:10U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
06/21/201316:08:17WEEK AHEAD: Barnes & Noble Among Retailers Reporting Next Week
06/20/201318:20:17News Corp to Replace Apollo in S&P 500 After Spin-Off
06/20/201318:12:10News Corp to Replace Apollo in S&P 500 After Company Spin-Off
06/10/201316:51:21MARKET SNAPSHOT: U.S. Stocks End With Dow Loss, Nasdaq Gain

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