DeVry Inc., a for-profit college operator, tumbled the most in nine months a day after reporting a 21 percent drop in new enrollment at its namesake university. Deutsche Bank AG cut its rating on the shares.
U.S. Senator Dick Durbin called for an examination of for-profit medical schools in the Caribbean that have access to federal student loans yet may be subject to standards below those set for medical students in the U.S.
Sara Lee Corp. ’s board plans to make a decision about whether to sell or break up the company by the end of the month and hasn’t received a new takeover offer from Brazil’s JBS SA , according to a person familiar with the matter.