Market Features
The company denies any wrongdoing, but the employee complaint raised questions about what analysts described as a "pressure cooker" work environment at Career Education and an industry with a "culture of growth."
Career Education shares were up slightly Friday, after losing a combined 33% on Wednesday and Thursday.
The Corinthian selloff Friday spread to other companies in the sector; Apollo(APOL), Education Management Corp.(EDMC) and University of Phoenix Online (UOPX) all fell on the news.
Santa Ana, Calif.-based Corinthian operates 83 colleges and education centers in 21 U.S. states and another 61 colleges and corporate training centers in Canada.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
Oil *
103.00
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DOWN
160.83 |
DOWN
19.10 |
DOWN
33.63 |
DOWN
1.06 |
10 Yr
1.62%
SPDR Gold
151.91
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-1.28%
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-1.43%
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-1.17%
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-6.12%
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Data delayed 20 minutes |
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