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ITT Educational Services falls after rival’s news

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ITT Educational Services fell after rival Apollo Group, which runs University of Phoenix, said it plans to close 115 locations. The for-profit education sector was already suffering from recent government figures that show enrollment in higher education shrunk in 2011 for the first time in at least 15 years. On a yearly basis, enrollment was down 16 percent at ITT, BMO Capital Markets said.

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