Federal officials have approved the sale of Apollo Education Group, the parent company of the for-profit University of Phoenix, to a group of investors for $1.1 billion. However, the deal includes strict terms, including setting aside $385 million in case the school fails, a ban on increasing enrollment and filing of regular reports with the government.
Don't mistake activity for productivity, and remember to set aside time for self-reflection about your values and direction, advises Harry Kraemer, former CEO of Baxter International. Self-reflection can help leaders know their priorities and anticipate where they'll fall short, as well as help team members take stock of their journey.
Some Nebraska high-school students are getting daily practice of the German language with a native speaker who assists in their class. The assistant also is teaching the students about German culture.
Republicans on the House Financial Services Committee are adjusting the Financial CHOICE Act to make it more appealing to the entire GOP, moderate Senate Democrats and President-elect Donald Trump, says Rep. Bill Huizenga, R-Mich. The bill echoes Trump's desired changes to the Dodd-Frank Act, though Trump has not endorsed the legislation.
Ahold Delhaize is merging some central operations as it looks for ways that the combined grocery company can live up to its "Better Together" strategy, company officials said Wednesday. The retailer needs to share best practices on both sides of the Atlantic, including strategies for handling competition from discounters such as Wal-Mart Stores, CEO Dick Boer said.
The nurse-run Health Wagon clinic serving rural southwest Virginia used drones to deliver medicines to its annual medical outreach, writes nurse practitioner Teresa Gardner, who helped start the event more than 17 years ago. "The use of drones for medication delivery provides a great opportunity to address the medical needs of underserved communities," Gardner writes.
The kind of marketing strategy you pursue on social media can make all the difference. Jordan Kasteler looks at eight companies -- including Pampers, Cisco and Staples -- that stand out on social media and how they achieved their results.
Wal-Mart's division in Mexico will invest $1.3 billion over the next three years in its logistics systems. The spending will include the construction and expansion of distribution centers, and the company expects to create 10,000 jobs, said Wal-Mart de Mexico CEO Guilherme Loureiro.
Everysight is putting the finishing touches on its new augmented reality Raptor glasses designed for cycling. Cyclists will be able to view data, including speed, heart rate and navigation, on the transparent lens display, as well as record their rides for later review.
The UK Competition and Markets Authority fined Pfizer $107 million for large price increases for phenytoin sodium capsules, an epilepsy treatment. Pfizer sold the drug's marketing rights in 2012 to another firm, which debranded it, leading to deregulation of its price.
Republican Federal Communications Commission Commissioners Michael O'Rielly and Ajit Pai are calling on the Trump administration to reverse policies enacted under the Obama administration. The commissioners are especially critical of cross-ownership rules, increased privacy regulation and what O'Rielly calls a micromanaging of the internet economy.
Los Angeles International Airport is in the middle of an ongoing $14 billion overhaul, and the massive project is prompting other cities to upgrade their airports as well. By 2019, it's expected that spending on airport improvements nationwide could amount to $13 billion a year.
Naturally produced black tar balls that appear on beaches can feed microorganisms and help sustain the oceanic ecosystem. "It's part of the natural environment, but it clearly structures that environment, so it's useful to know about this, because oil production could change the amount of natural seepage," says Dave Valentine, a petroleum researcher.
Southwest's long-term success and the fact that the airline has never laid off a single employee are attributed to company culture, according to CEO Gary Kelly. "Our people are fantastic, it really is what sets us apart competitively in the industry and they are the ones that have made Southwest so successful," he said.
Generous amenities and public space will complement the 100-square-foot modular rooms of BD Hotels' Pod Brooklyn, which will open in 2017 in the New York City borough's Williamsburg neighborhood. Room rates will start at $125 a night in the company's third micro-hotel.