Sallie Mae says buyers do not expect to close deal
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Student lender Sallie Mae  said  on Wednesday the consortium that agreed to buy it for $25  billion does not expect to close the acquisition under the  terms of the merger agreement.
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WASHINGTON (CBS.MW) -- A Pennsylvania education agency strongly rejected a purchase proposal on Monday from student lender Sallie Mae, saying that it is &quot;not now and never will be for sale.
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The banking company is holding up in a tough market.
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There's an anxious face-off between sellers and buyers of homes as expectations of big profits fade
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Countrywide Financial Corp. tried to calm depositors and home buyers yesterday with assurances it would continue operating in Massachusetts and nationwide, one day after a $2 billion capital infusion by Bank of America Corp.
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The possible sale of Adelphia Communications, the most closely watched auction in cable, may take longer than investors expected, according to comments Thursday by CEO William Schleyer.
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The consortium that agreed to buy  student lender Sallie Mae for $25 billion said on Wednesday  that as of today conditions for the closing of the deal would  not be met.
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Here's an uncomfortable housing  scenario that's getting more common in this soft market: You  put in a contract on a new house. You can't sell your old  house. The sellers are getting pushy.
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Bank of America Corp  is in advanced talks to buy struggling Countrywide Financial Corp , the largest U.S. mortgage lender, several people familiar with the matter said on Thursday.
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Stricken lender Northern Rock is continuing to struggle to attract a buyer, a newspaper report claims.
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Here's an uncomfortable housing scenario that's getting more common in this soft market: You put in a contract on a new house. You can't sell your old house. The sellers are getting pushy.
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Sallie Mae , the largest U.S. educational lending company, said it sold $1 billion of convertible securities and $2 billion of common stock, raising more money than it had expected to pay off bad derivatives bets.
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The investor group led by J.C. Flowers  & Co. that agreed to buy out student loan firm Sallie Mae for  $25 billion said proposals to cut government subsidies to  student lenders could threaten the deal, Sallie Mae said on  Wednesday.
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The real estate and travel company says it will continue to look for a buyer of its mortgage business.
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Even as analysts and officials have been ringing warning bells about exotic mortgages, investors have seen little reason to abandon the bonds backed by these home loans.
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Buyout talks between Cadence Design Systems and two private equity firms appear to have stalled, according to people close to the matter.
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NEW YORK, Jan. 23 -- Sallie Mae, the student loan giant, reported Wednesday that it lost $1.64 billion in the fourth quarter, a sharp reversal from its $18 million profit in the comparable quarter a year earlier.