Congress Probes Timely Sale of Sallie Stock
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Congressional investigators are looking into Sallie Mae Chairman Albert L. Lord's sale of $18.3 million worth of company stock this month, just days before President Bush proposed a huge cut in subsidies to the lending industry that caused Sallie Mae shares to nosedive.
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Sallie Mae said on Wednesday that it plans to sell about $2.5 billion of stock and mandatory convertible securities to help pay off obligations linked to the student loan company's share buyback program.
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US market regulators are looking into whether a Jefferies Group Inc. (JEF.N: Quote, Profile, Research) trader violated rules that prohibit expensive gift-giving in a bid to curry
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Student lending company SLM Corp , or Sallie Mae, said on Wednesday the U.S. Securities and Exchange Commission is investigating the company's disclosures in December 2007, before and after executives and directors traded in its stock.
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The pending sale of International Business Machines Corp.'s personal-computer business to a Chinese company will be investigated by the Bush administration to determine whether the deal threatens national security, according to administration and congressional sources.
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Standard &amp; Poor&#39;s Equity Research reiterated a &quot;hold&quot; rating on Marsh &amp; McLennan (nyse: MMC - news - people ), saying the Securities and Exchange Commission has requested information regarding transactions with parties in which company insiders or major
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U.S. regulators have not notified Societe Generale  director Robert Day that they are investigating the stock sales he made before the French bank announced billions of dollars in losses by a single trader, Day's spokesman said on Tuesday.
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The US Justice Department said yesterday it is investigating The New York Times Co.'s plan to buy a 49 percent stake in the free commuter daily Metro Boston, a deal the Boston Herald has challenged as a threat to competition.
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The Securities and Exchange Commission is examining stock sales by an American board member of Societe Generale, The Wall Street Journal reported Monday.
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Some members of the House oversight committee may have violated a federal law against soliciting things of value from people with interests before the committee.
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WASHINGTON -- The government is aggressively investigating the suspicious timing of stock options granted to top executives at scores of companies, federal officials said yesterday.
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NEW YORK, Nov. 8 -- The Securities and Exchange Commission is investigating whether more than a dozen big brokerage firms failed to execute certain trades at the best possible prices for individual investors, sources familiar with the probe said.
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A U.S. House of Representatives subcommittee joins FTC in investigating Google's proposed $3.1 billion acquisition of DoubleClick.
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For some investors, today may seem like a discount day for shares of the coffee purveyor.
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SAN JOSE, Calif. - Google Inc.'s long-awaited initial stock sale, which appeared imminent Tuesday, has been delayed while the company awaits final approval of its paperwork by the Securities and Exchange Commission...
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Congress is taking a close look at suspiciously timed stock options for top company executives, a corporate practice that is a source of anger for shareholders and the subject of federal investigations.
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Wall Street is reportedly under investigation again for allegedly anti-competitive practices that regulators believe might put small investors at a disadvantage.