U.S. to phase out federal use of private prisons

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/22/2026

1. SPCX
2. NVDA
3. NFLX
4. META
5. TSLA
6. ISRG
7. SMCI
8. RTX
9. GOOGL
10. S

Go back to U.S. to phase out federal use of private prisons

GEO Group (GEO) Comments on DOJ Decision; Disappointed with Action, Says Impact Not Imminent

August 18, 2016 4:59 PM EDT

The GEO Group, Inc. (NYSE: GEO) commented on the Department of Justice (DOJ) announcement regarding contracted prisons for the Federal Bureau of Prison (the BOP). GEO has had a long standing private-public partnership with the BOP that dates back to the 1990s. At the federal level, GEOs facilities have a proven track record of providing cost-effective, high quality services for those entrusted to GEOs care.

While... More

Corrections Corp. (CXW) Comments on DOJ Action; Says Findings Don't Match with Independent Studies

August 18, 2016 4:27 PM EDT

Corrections Corp. (NYSE: CXW) sent out the following commentary today to StreetInsider.com with respect to the Deparment of Justice's move to phase-out the use of private prisons:

We value our partners, and we will continue to work with them, both through the types of management solutions weve provided for more than three decades, as well as... More