Fannie to Sell $5 Bln in Preferred Stock
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Fannie Mae FNM.N, the embattled U.S.  home financing company, on Wednesday said it agreed to sell $5  billion in preferred stock to institutional buyers as part of  an effort to comply with regulatory demands to increase  capital.
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The firm is poised to buy a 5% share in the popular social networking website, according to reports.
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Federal regulators on Tuesday are  expected to say Fannie Mae  will pay &#36;400 million for  using bad accounting to manage earnings and trigger bonuses,  according to sources briefed on the plan.
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Fannie Mae (FNM.N: Quote, Profile, Research) , the embattled US home funding company, on Wednesday said it agreed to sell $5 billion worth of non-cumulative preferred stock in two placements to certain institutional buyers in
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WASHINGTON -- Fannie Mae, the nation&#39;s largest source for home mortgage financing, said Wednesday that is is considering two placements of up to $4 billion in preferred stock to qualified institutional buyers.
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Moving to shore up its capital, Fannie Mae said Wedndesday it will sell $5 billion in preferred stock in a private placement to large investors.
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Fannie Mae FNM.N, the embattled U.S.  home funding company, on Wednesday said it agreed to sell $5  billion worth of non-cumulative preferred stock in two  placements to certain institutional buyers in an effort to meet  higher capitalization standards.
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Nasdaq Stock Market Inc  said on Friday it sold its remaining 5.3 million shares in London Stock Exchange Group Plc  for 18 pounds a share.
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Verizon Communications Inc. agreed to sell its Canadian telephone-directory business to Bain Capital Inc. for about $1.5 billion, Reuters reported, citing sources familiar with the situation.
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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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Dow Jones & Co Inc.&#39;s board of  directors said on Thursday that the company plans to consider  alternatives for the company, including a $5 billion bid by  Rupert Murdoch&#39;s News Corp. to buy it.
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Fannie Mae, the nation&#39;s largest buyer of mortgages, said yesterday that it agreed to sell $5 billion of preferred stock to large institutional investors in a rush to meet its regulator&#39;s minimum capital requirements.
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Thornburg Mortgage Inc  said on Thursday it raised $500 million by selling convertible preferred stock, a move that will boost funding and allow it to resume making new loans after getting hit by a credit squeeze.
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Dow Jones & Co Inc.  said on Tuesday that its board was prepared to recommend that its shareholders accept a $5 billion buyout offer from Rupert Murdoch's News Corp. .
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Dominion Resources said Monday that it planned to sell the properties to Linn Energy for $2.05 billion in order to focus on power generation and transmission.
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Fannie Mae said it would sell $5 billion of preferred stock to large institutional investors in a rush to meet its regulator's minimum capital requirements.
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ATLANTA -- The Home Depot Inc. has tentatively agreed to sell its wholesale distribution business to a group of private equity firms for $8.5 billion, or $1.8 billion less than originally planned, a person with direct knowledge of the situation said.