Sallie Mae posts loss, shares fall
301359
Student lending company Sallie Mae posted a fourth-quarter loss on Wednesday, citing higher provisions for loan losses due to the weakening credit markets.
585839
Hurt by rising losses from home equity loans, Wells Fargo & Co. said fourth-quarter profit fell, the first decline in more than six years.
701472
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.
335904
Stocks extended losses on Tuesday, driving all three major indexes down more than 1 percent, as mounting losses in the subprime mortgage sector caused investors to sell riskier assets.
457259
Citigroup Inc  on Tuesday posted  its first quarterly loss since its creation in 1998, hurt by  write-downs for exposure to subprime mortgages and other risky  debt.
669824
Stocks dropped at the open on Friday, led lower by financial shares on fears that Merrill Lynch & Co  will incur mortgage-related losses of nearly twice what it forecast.
452375
Stocks fell on Tuesday as the housing slump took a toll on companies' earnings outlooks, while trouble in the subprime mortgage market hurt financial companies' shares.
294618
Washington Mutual Inc., the country's biggest savings and loan, said Thursday it swung to a $1.87 billion loss in the fourth quarter, hurt badly by the sinking value of its mortgage portfolio.
613674
SLM Corp. , better known as  Sallie Mae, said on Thursday it restated nearly three years of  financial statements because of several errors in its statement  of cash flows.
146536
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.
553490
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.
181376
US student loan firm Sallie Mae drops its lawsuit against a consortium that walked away from taking it over.
679567
Department-store operator Dillard's Inc  reported a second-quarter loss on Tuesday as sales fell and it boosted markdowns, and its shares fell 3.5 percent in extended trading.
645897
Sallie Mae, the giant student loan company, yesterday said it would lay off about 3 percent of its workforce to cut costs in the face of shrinking federal subsidies and other financial pressures.
451010
Stocks fell on Wednesday after credit ratings agency Standard & Poor's slashed its outlook on two companies that insure more than $1 trillion of debt, suggesting fallout from the housing slump is far from over.
732503
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.
66677
Countrywide Financial Corp , the battered mortgage lender being acquired by Bank of America Corp , posted a $421.9 million fourth-quarter loss on Tuesday, hurt by mounting defaults in a sinking housing market.