Career Education shares climb after quarterly earnings release

Career Education Corp. late Monday reported it swung to fourth-quarter earnings of $142.5 million, or $2.08 a share, from a loss of $25.6 million, or 38 cents a share, a year earlier. Revenue fell 8.1% to $199.9 million. The for-profit educator said in December that it will wind down its Le Cordon Blue operations in North America after failing to reach a deal with potential investors. Shares of Career Education rallied 6.4% in after-hours trading.

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From:: Stock Market News

Marathon Oil shares down after company unveils share offering

Marathon Oil Corp. said Monday it plans to offer 135 million shares of its common stock, granting underwriters a 30-day option to buy up to 20.25 million additional shares. The company said it plans to use net proceeds to strengthen its balance sheet and for general corporate purposes, including funding a portion of its capital program. Shares of Marathon fell 3.8% late Monday after ending the regular trading day up 2.2% at $8.21. Several energy companies are selling assets and issuing equity amid a persistent slump in oil prices.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Marathon Oil shares down after company unveils share offering

Marathon Oil Corp. said Monday it plans to offer 135 million shares of its common stock, granting underwriters a 30-day option to buy up to 20.25 million additional shares. The company said it plans to use net proceeds to strengthen its balance sheet and for general corporate purposes, including funding a portion of its capital program. Shares of Marathon fell 3.8% late Monday after ending the regular trading day up 2.2% at $8.21. Several energy companies are selling assets and issuing equity amid a persistent slump in oil prices.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Less Than Half of Households Are Saving

How well is America saving? The ninth annual America Saves Week survey has found that only two-fifths (40 percent) of U.S. households report good or excellent progress in “meeting their savings needs.” This widespread lack of savings progress is consistent with responses to other survey questions: Saving at least 5 percent of one’s income (49%) […] …read more

From:: Finance and Economy

Less Than Half of Households Are Saving

How well is America saving? The ninth annual America Saves Week survey has found that only two-fifths (40 percent) of U.S. households report good or excellent progress in “meeting their savings needs.” This widespread lack of savings progress is consistent with responses to other survey questions: Saving at least 5 percent of one’s income (49%) […] …read more

From:: Finance and Economy

Workday shares slide after fourth-quarter earnings release

Workday Inc. late Monday reported its fourth-quarter loss widened to $81.1 million, or 42 cents a share, from a loss of $59.5 million, or 32 cents a share, a year earlier. On an adjusted basis, the cloud software company would have lost a penny a share. Revenue jumped 43% to $323.4 million while subscription revenue surged 52% to $929.2 million. Analysts polled by FactSet had forecast a loss of 4 cents a share on revenue of $320 million. The company projected first-quarter revenue of $337 million to $339 million and subscription revenue of $277 million to $278 million. Shares of Workday fell 0.9% in after-hours trading.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News