Educating The Chinese

One thing many people will agree on is that Chinese growth ambitions will involve increased education of the country's citizens. Even more so, China's one-child policy means that parents are able to allocate all of their resources to one offspring. And since most parents view education as the ticket to a better life in China, it might not be a bad idea to examine the companies that cater to this growing trend. IN PICTURES: World's Greatest InvestorsAn Ambitious CountryFrom 2004-08, post-secondary enrollment in China grew by 16% a year compared to 2% in the U.S. By 2020, estimates are that China's post-secondary enrollment will reach 40 million students compared to just over 20 million in the U.S. Also, the post-secondary penetration rate in South Korea is 91%, in the U.S. it's 82% and in China it's only 22 percent. The potential for Chinese growth in education is huge. Only 5% of China's population has a college degree compared to 27% in the U.S. (For more, see Investing In China.)The big player among the publicly traded Chinese education stocks is New Oriental Education and Technology (NYSE: EDU), a $2.7 billion company that offers a range of educational programs like test prep, online courses and language training. New Oriental offers its services through a network of 48 schools and 222 learning cen...
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Apollo Global Announces Executive Appointments

PHOENIX--(BUSINESS WIRE)--Apollo Global, a majority-owned subsidiary of Apollo Group, Inc. (NASDAQ: APOL - News) today announced the following executive appointments effective immediately: John Baule has joined Apollo Global as Chief Operating Officer and Chief Financial Officer, reporting to President, Jeff Langenbach. Baule will oversee the operations, strategy, and financial planning for the company’s subsidiaries – working closely with the leaders of those business units to achieve their long-range goals. Baule most recently served as the COO & CFO of publicly-traded K12 Inc. Baule brings extensive international experience to this new role having spent five years as CFO of global technology consulting firm Headstrong (previously James Martin & Co.) and nine years with Bristol-Myers Squibb, including six years as an expatriate in the Philippines and in Hong Kong. Baule began his career as an auditor with KPMG Peat Marwick.“Apollo Global leverages the significant resources and expertise of Apollo Group against a tremendous global opportunity,” said Baule. “I am excited to be part of the company’s mission to build a global educational network that provides students around the world the ability to realize their full potential.”In addition, Mehul Patel, who joined Apollo Global as Chief Marketing Officer in June, 2009, will assume added responsibility as the ...
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Apollo Shares Rise on University of Phoenix Recertification

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InPlay: Apollo Group announces that John Baule has joined Apollo Global as Chief Operating Officer and Chief Financial Officer

6:26PM Boise Inc. announced that the previously announced secondary offering of 17 mln shares of its common stock has been priced at $4.85 per share (BZ) 5.09 +0.04 :   5:01PM Oncolytics Biotech announces unit offering (ONCY) 3.43 -0.26 : Co announced that it is undertaking an overnight marketed offering of units, each comprised of one common share and a portion of a common share purchase warrant to be effected in each of the Canadian provinces of British Columbia, Alberta, Manitoba and Ontario by way of a prospectus supplement to Oncolytics' base shelf short form prospectus, and in the United States...  ONCY intends to use the net proceeds from the offering to fund its previously announced Phase III combination REOLYSIN and paclitaxel/carboplatin trial for patients with platinum-failed head and neck cancers, its other clinical development and research and development activities, and for general corporate and working capital purposes. 5:00PM Coldwater Creek announced the resignation of Tim Martin, Senior Vice President and Chief Financial Officer (CWTR) 5.81 -0.27 : Co has appointed John E. Hayes, III, Senior Vice President and General Counsel of Coldwater Creek, to serve as interim Chief Financial Officer, effective November 25, 2009, until a permanent successor is named. 4:55PM Quest Diagnostics announces pricing of tender offer for any and all of certain of its outstanding notes (DGX) 59.07 -0.35 : Co announced the determination of the pricing for its previously announced cash tender offer to purchase any and all of its 5.125% Senior Notes due 2010 and any and all of its 7.50% Senior Notes due 2011. 4:44PM Hampton Roads Bankshares defers dividends on TARP preferred stock (...
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