Sallie Mae drops takeover lawsuit
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US student loan firm Sallie Mae drops its lawsuit against a consortium that walked away from taking it over.
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Mortgage insurer MGIC Investment Corp  scrapped plans on Wednesday to acquire rival Radian Group Inc , as the takeover became the latest casualty of turmoil in U.S. mortgage markets.
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A bitter lawsuit that threatened to cripple the charity set up to honour Britain's Princess Diana was dropped, after an 11th-hour settlement averted an explosive trial in a US court.
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A Chinese firm drops a lawsuit against two journalists who claimed labour abuses on its iPod assembly line.
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A federal judge dismissed a lawsuit on Wednesday against a unit of Boeing Co that charged the firm helped fly terrorism suspects abroad to secret prisons.
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Standard Chartered drops a plan to rescue its investment vehicle that was exposed to the sub-prime crisis.
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A U.S. district court has dismissed an   antitrust suit filed by microchip maker Broadcom Corp. BRCM.O   against Qualcomm Inc. QCOM.O, but Broadcom said it would   continue to pursue the case.
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Sallie Mae said yesterday that the Education Department is investigating its billing practices and that its business of issuing loans subsidized by the federal government will be significantly less profitable because of changes by Congress.
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A federal judge on Wednesday  dismissed a key element of insurer GEICO's trademark  infringement case against online search engine Google Inc.  GOOG.O.
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In the late 1990s Sallie Mae agreed to give up its  government charter and strike out on its own as a fully private company. The result has been a more profitable, more dominant company.
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Accredited Home Lenders Holding rebuffed a private equity firmâs effort to pay less for the company, saying Friday that it would continue a lawsuit aimed at closing the deal at the price previously agreed.
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NEW ORLEANS, Feb. 5 (Bloomberg News) â Two investment banks, Merrill Lynch and Credit Suisse, asked a federal appeals court yesterday to end a class-action lawsuit by Enron investors seeking $40 billion that they lost when the energy trader collapsed in 2001.
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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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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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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.
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A U.S. district court has dismissed an antitrust suit brought by microchip maker Broadcom Corp. against Qualcomm Inc., although Broadcom said it would continue to pursue the case.
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The threatened buyout of student  lender Sallie Mae may still go ahead -- but the $25 billion  price tag could be negotiated down.