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BUSINESS
By Steve Kilar, The Baltimore Sun | January 23, 2013
A division of the World Bank Group announced Wednesday that it has invested $150 million in Laureate Education Inc., giving the international development organization a small stake in the Baltimore-based global higher education company. "It's an incredibly strong endorsement for the company," said Douglas L. Becker, Laureate's chairman and CEO, of the investment by the International Finance Corp. and its affiliate, the IFC African, Latin American and Caribbean Fund. With annual revenue of about $4 billion, Laureate does not need the money but is eager to have the backing of an investor led by members of international governments, he said.
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BUSINESS
By Michael Bodley, The Baltimore Sun | June 28, 2014
Dozens of low-income middle schoolers at Baltimore's St. Ignatius Loyola Academy are getting a head start on money management, thanks to Legg Mason employees. Volunteers from the Baltimore-based money management firm regularly visit the Jesuit boys' school throughout the year to teach students how to open savings accounts, balance checkbooks and understand the taxes they'll soon have to pay. "We just don't want this to be just a financial component," said Auburn Bell, Legg Mason's director of corporate philanthropy.
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BUSINESS
By Gus G. Sentementes, The Baltimore Sun | April 26, 2010
Laureate Education Inc., a Baltimore-based for-profit higher education company, said Monday that it scored former President Bill Clinton as its "honorary chancellor" – a high-profile position that's expected to raise the company's profile abroad. The company, which owns a global network of more than 50 campus-based and online institutions in 21 countries, tapped Clinton as an internal adviser. He will also be featured in campus visits and in the company's marketing material to students.
NEWS
By Frederick N. Rasmussen, The Baltimore Sun | October 11, 2013
Ann M. Rayner, who worked for Laureate Education Inc. in Baltimore for a decade, died Oct. 4 of brain cancer at Stella Maris Hospice in Timonium. She was 53. Ann Marie Ritter was born in Waterloo, N.Y., and raised in Seneca Falls, N.Y., where she graduated in 1978 from Mynderse Academy High School. She earned a bachelor's degree in English from the State University of New York in Geneseo in 1982 and a master's degree in higher education from Walden University, an online university, this year.
BUSINESS
By Michael Bodley, The Baltimore Sun | June 28, 2014
Dozens of low-income middle schoolers at Baltimore's St. Ignatius Loyola Academy are getting a head start on money management, thanks to Legg Mason employees. Volunteers from the Baltimore-based money management firm regularly visit the Jesuit boys' school throughout the year to teach students how to open savings accounts, balance checkbooks and understand the taxes they'll soon have to pay. "We just don't want this to be just a financial component," said Auburn Bell, Legg Mason's director of corporate philanthropy.
BUSINESS
By Tricia Bishop and Tricia Bishop,SUN STAFF | September 18, 2004
Laureate Education Inc., a Baltimore-based higher education provider, yesterday acquired full control of an Internet-based college that is its fastest-growing subsidiary. Laureate, formerly known as Sylvan Learning Systems, announced yesterday that it acquired the 49 percent of Walden University it didn't own for $109 million. The sum included $19 million in cash and 2.5 million shares of Laureate stock worth $90 million. In 2000, Laureate bought 41 percent of Walden, and it increased the percentage to 51 percent in 2002.
BUSINESS
By Hanah Cho and Hanah Cho,Sun reporter | January 30, 2007
The two Baltimore companies born through the breakup of Sylvan Learning Systems Inc. have shared plenty of things over the years, including office space, human resources functions and even executives who serve on each other's board of directors. Now, Laureate Education Inc. and Educate Inc. have agreed to take their publicly traded companies private in management-led buyouts. The companies have chief executives who have been close friends since attending the Gilman School and who bought and ran Sylvan together before deciding to split it up in 2003.
NEWS
By Frederick N. Rasmussen, The Baltimore Sun | October 11, 2013
Ann M. Rayner, who worked for Laureate Education Inc. in Baltimore for a decade, died Oct. 4 of brain cancer at Stella Maris Hospice in Timonium. She was 53. Ann Marie Ritter was born in Waterloo, N.Y., and raised in Seneca Falls, N.Y., where she graduated in 1978 from Mynderse Academy High School. She earned a bachelor's degree in English from the State University of New York in Geneseo in 1982 and a master's degree in higher education from Walden University, an online university, this year.
NEWS
By Hanah Cho and Hanah Cho,Sun Reporter | August 19, 2007
Douglas L. Becker, the 41-year-old Baltimore entrepreneur who built a billion-dollar business operating online and foreign universities, is facing the next big challenge of his nearly 25-year career. With a $3.82 billion buyout of Laureate Education that closed on Friday, Becker, Laureate's chief executive officer, is moving to Hong Kong, where he plans to oversee the newly private company's expansion in Asia. It's a risky venture, but one with significant potential opportunities, as East Asia and the Pacific are seeing the fastest enrollment growth in the post-secondary education market, according to analysts.
NEWS
By Jamie Stiehm and Jamie Stiehm,SUN STAFF | March 27, 2004
Peter Agre, Baltimore's Nobel laureate in chemistry, told a gathering of city science teachers yesterday that encouraging young students was critical as society moves forward on medical and technological frontiers. "I'm here to honor you because never has the need for scientific literacy been greater and [because] I'm concerned about the erosion of support for science," Agre told about 200 teachers at Dunbar High School, a few blocks from his lab at the Johns Hopkins School of Medicine.
BUSINESS
By Steve Kilar, The Baltimore Sun | January 23, 2013
A division of the World Bank Group announced Wednesday that it has invested $150 million in Laureate Education Inc., giving the international development organization a small stake in the Baltimore-based global higher education company. "It's an incredibly strong endorsement for the company," said Douglas L. Becker, Laureate's chairman and CEO, of the investment by the International Finance Corp. and its affiliate, the IFC African, Latin American and Caribbean Fund. With annual revenue of about $4 billion, Laureate does not need the money but is eager to have the backing of an investor led by members of international governments, he said.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | April 26, 2010
Laureate Education Inc., a Baltimore-based for-profit higher education company, said Monday that it scored former President Bill Clinton as its "honorary chancellor" – a high-profile position that's expected to raise the company's profile abroad. The company, which owns a global network of more than 50 campus-based and online institutions in 21 countries, tapped Clinton as an internal adviser. He will also be featured in campus visits and in the company's marketing material to students.
NEWS
By Hanah Cho and Hanah Cho,Sun Reporter | August 19, 2007
Douglas L. Becker, the 41-year-old Baltimore entrepreneur who built a billion-dollar business operating online and foreign universities, is facing the next big challenge of his nearly 25-year career. With a $3.82 billion buyout of Laureate Education that closed on Friday, Becker, Laureate's chief executive officer, is moving to Hong Kong, where he plans to oversee the newly private company's expansion in Asia. It's a risky venture, but one with significant potential opportunities, as East Asia and the Pacific are seeing the fastest enrollment growth in the post-secondary education market, according to analysts.
BUSINESS
By Hanah Cho and Hanah Cho,Sun reporter | January 30, 2007
The two Baltimore companies born through the breakup of Sylvan Learning Systems Inc. have shared plenty of things over the years, including office space, human resources functions and even executives who serve on each other's board of directors. Now, Laureate Education Inc. and Educate Inc. have agreed to take their publicly traded companies private in management-led buyouts. The companies have chief executives who have been close friends since attending the Gilman School and who bought and ran Sylvan together before deciding to split it up in 2003.
BUSINESS
By Tricia Bishop and Tricia Bishop,SUN STAFF | September 18, 2004
Laureate Education Inc., a Baltimore-based higher education provider, yesterday acquired full control of an Internet-based college that is its fastest-growing subsidiary. Laureate, formerly known as Sylvan Learning Systems, announced yesterday that it acquired the 49 percent of Walden University it didn't own for $109 million. The sum included $19 million in cash and 2.5 million shares of Laureate stock worth $90 million. In 2000, Laureate bought 41 percent of Walden, and it increased the percentage to 51 percent in 2002.
NEWS
By Jamie Stiehm and Jamie Stiehm,SUN STAFF | March 27, 2004
Peter Agre, Baltimore's Nobel laureate in chemistry, told a gathering of city science teachers yesterday that encouraging young students was critical as society moves forward on medical and technological frontiers. "I'm here to honor you because never has the need for scientific literacy been greater and [because] I'm concerned about the erosion of support for science," Agre told about 200 teachers at Dunbar High School, a few blocks from his lab at the Johns Hopkins School of Medicine.
BUSINESS
August 3, 2004
LOCALLY Laureate Education Inc.The Baltimore education company's shares fell $3.03 to $32.27 yesterday after reporting that profit in the second quarter fell 68 percent despite rising enrollment in its higher education programs. NATIONALLY Procter & Gamble The No. 1 maker of household goods posted the biggest gain in the Dow industrials yesterday after beating analysts' estimates for fourth-quarter earnings by 2 cents per share. The company's shares gained $1.19, or 2.3 percent, to close at $53.34 per share.
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