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Tuesday 14 April 2015
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Four Stocks That Fell Yesterday: M&T Bank (NYSE:MTB), Apollo Education Group (NASDAQ:APOL), Baidu (NASDAQ:BIDU), Lennar Corporation (NYSE:LEN)

On Monday, M&T Bank Corporation (NYSE:MTB)’s shares dwindled -2.71%, and closed at $123.76, as M&T Bank Corporation (NYSE:MTB), was informed by the Federal Reserve late Friday that it will not be in a position to complete its review of M&T’s proposed merger (“Merger”) with Hudson City Bancorp, Inc. (HCBK)(“Hudson City”) in time to complete the Merger before the termination date of April 30, 2015, as provided for in the current Agreement and Plan of Merger. The Federal Reserve advised M&T that it will act on the Merger application upon completion of its review.

M&T and Hudson City have discussed this development, and Hudson City announced that it will take a short period of time to review the situation in order to understand the nature and timing of the delay and its potential impact on the transaction before determining Hudson City’s course of action.

M&T Bank Corporation, a bank holding corporation, provides commercial and retail banking services. The corporation’s Business Banking segment offers deposit, lending, cash administration, and other financial services to small businesses and professionals.

Apollo Education Group Inc (NASDAQ:APOL)’s shares dropped -2.44%, and settled at $17.99, during the last trading session on Monday, soon after University of Phoenix is constantly innovating to assist working adults move efficiently from education to careers in a rapidly changing world. Flexible plans, relevant and engaging courses, and interactive learning can assist students more effectively pursue career and personal aspirations while balancing their busy lives. As a partner of Apollo Education Group, Inc. (Nasdaq: APOL), University of Phoenix serves a diverse student population, offering associate, bachelor’s, master’s and doctoral degree programs from campuses and learning centers across the U.S. in addition to online throughout the world.

University of Phoenix declared the appointment of Meredith Curley, Ed.D., as Provost, effective right away. Dr. Curley, who has been serving as the University’s interim Provost and formerly as the Executive Dean of the College of Education, will be charged with amplifying the University’s high-quality, rigorous and career-relevant academic programs, while spurring innovation to assist working adults move efficiently from education to careers.

A key member of the University’s leadership team, Dr. Curley will serve as the chief academic officer responsible for further developing and fulfilling the University’s academic mission. She will lead executive deans, academic deans, and faculty at the nine colleges and schools that comprise the University. Dr. Curley will provide leadership for assessment of student learning, data analytics, instructional innovation, faculty engagement, student experience, and institutional reporting.

At the end of Monday’s trade, Baidu Inc (ADR) (NASDAQ:BIDU)’s shares dipped -2.35%, and closed at $203.60, formerly on March 27, Baidu Inc (ADR) (NASDAQ:BIDU), declared it filed its annual report on Form 20-F for the fiscal year ended December 31, 2014 with the Securities and Exchange Commission on March 27, 2015. The Corporation will provide a hard copy of its annual report containing the audited merged financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to IR Department, Baidu, Inc., Baidu Campus, No. 10, Shangdi 10th Street, Haidian District, Beijing 100085, People’s Republic of China.

Baidu, Inc. provides Internet search services in China and internationally. It offers Chinese language search platform on its Baidu.com Website that enables users to find relevant information online, including Web pages, news, images, documents, and multimedia files through links provided on its Website; and international products and services to users in other countries.

Lennar Corporation (NYSE:LEN), ended its Monday’s trading session with -2.12% loss, and closed at $52.06, after Perfectly positioned between the excitement and culture of downtown Hollywood and the charming convenience of Studio City, Lennar’s gated enclave of two and three bedroom homes at 2775 Cahuenga offers a rare combination of remarkable value, best-in-class quality and a coveted location.

Spacious and well-designated, these homes have been uniquely designed for homeowners wanting to live in a thriving metropolitan center while surrounding themselves with the serene tranquility and nature of the Hollywood Hills. What they deliver is your chance to live in the heart of Los Angeles without letting it live you.

Lennar, the acclaimed developer that made 2775 Cahuenga a reality, is thrilled to offer Angelenos this extraordinary chance to reside in a remarkable location in such an exceptional way.

Lennar Corporation, together with its auxiliaries, engages in the homebuilding activities in the United States. The corporation operates through Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida, Homebuilding Houston, Financial Services, Rialto, and Lennar Multifamily segments. Its homebuilding activities primarily comprise the construction and sale of single-family attached and detached homes to first-time, move-up, and active adult homebuyers, in addition to the purchase, development, and sale of residential land.

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