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BUSINESS NEWS.(TO THE POINT)

Investor's Business Daily

| September 06, 2001 | COPYRIGHT 2001 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

RETAIL

Tax rebates don't help Wal-Mart

The No. 1 retailer said tax rebates haven't had an "overly significant" impact on sales. Retailers hoped the $38 billion tax rebate would boost spending. Wal-Mart also backed analyst estimates for third-quarter profit of 33 cents a share. For the fourth, it sees earnings of 48-49 cents. Analysts expect 49 cents.

SCHOOLS

Corinthian Colleges still failing,

drags other school stocks down

The for-profit college fell 2.16 to 32.83, for a three-day slide of 37.8%. Corinthian warned last week it might miss estimates this quarter. Investors are also worried about bad debt. Education Management dived 12%, Career Education 6% and Apollo Group 9%. The Commercial Services-Schools group tanked 5.2%, the day's worst performer.

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