PHOENIX (AP) Apollo Group Inc. said Tuesday that its fiscal fourth-quarter net income tumbled 60 percent, hurt by higher costs and declining enrollment at the University of Phoenix. To cope, the for-profit education company plans to close 115 of the university's mostly smaller locations, a move that will affect 13,000 students.
SANTA CLARA (AP) - Intel Corp., the world's largest chipmaker, expects cold winds to blow this fall, as consumers shift their spending toward tablets and a weak global economy curbs corporate spending on computers.
Federal student loans are about to become a larger financial crisis than the mortgage disaster. With $1 trillion in student loans outstanding - and more being added every year - cutting the interest rates on federal student loans is a topic that both parties should agree upon immediately.
SAN JOSE (AP) - EBay's PayPal unit is planning layoffs in the coming weeks as it tries to refocus and operate more like an agile startup than a large company, according to people familiar with the matter.