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...The S&P 500 rose 0.5 per cent to 2,108.95, the Dow Jones Industrial Average climbed 0.4 per cent to 18,053.58. The Nasdaq Composite gained 0.7 per cent to 5,104.89....
...adam.jones@ft.com Twitter: @adamjones140 The writer is FT Business Life editor....
...The Dow Jones Industrial Average lost 2.4 per cent to 12,932.73, its first close below the 13,000 threshold in three months. The Nasdaq Composite dropped 2.5 per cent to 2,937.29....
...Sallie Krawcheck, former president of Bank of America’s wealth business, rotates between structured black leather totes that can carry her purse contents and iPad....
...Sallie Mae Quarterly profit at Coca-Cola was better than forecast after volumes increased in all markets except Europe....
...The Dow Jones Industrial Average ended the day down 0.9 per cent at 9,949.36. Dow member Boeingwas down 2.4 per cent to $50.63 after reporting a net loss of $1.5bn in the most recent quarter....
...The benchmark S&P 500 index closed 0.8 per cent up at 918.37 while the Dow Jones Industrial Average rose 0.7 per cent to 8,555.60. The Nasdaq Composite index slipped a fraction to 1,807.72, however....
...Sallie will offer $1.5bn in common stock and $1bn in preferred stock to pay off equity forward contracts....
...A broader index of financial companies rose with Sallie Mae leading the way, up 7 per cent at $17.83....
...Sallie Mae fell 1 per cent to $19.65 after the troubled lender sold $1bn of convertible securities and $2bn of common stock to pay off sour derivative bets....
...The Dow Jones Industrial Average was 0.7 per cent higher at 13,878.15. The Nasdaq Composite index was up 0.6 per cent at 2,699.03 as technology stocks continued to attract buyers....
...The Dow Jones Industrial Average closed 0.3 per cent higher at 13,473.90, having recorded a 380-point intraday swing....
...The Dow Jones Industrial Average closed 0.3 per cent lower at 14047.39 as some investors took profits after a record close the previous day....
...The rise came amid a burst of takeover speculation after a $25bn agreed buy-out of Sallie Mae , the student loan group, by a JC Flowers-led consortium that sent shares in Sallie Mae up 15.5 per cent to $54...
...Sallie Mae, the student lender, said an investment group behind a planned $25bn buy-out of the company had backed out of the deal....
...Sallie was down 7.4 per cent for the week at $53.64....
...When trading resumed, Sallie closed down 9.8 per cent at $52.15....
...The Dow Jones Industrial Average gained 0.85 per cent to 12,720.46 and was shy of its record close of 12,786.64 that it set in mid-February....
...Analysts at CreditSights said in the wake of the recently agreed “landmark” buy-out of Sallie Mae, the student lender, that Countrywide loomed as a “crown jewel type target . . . using the Sallie Mae strategy...
...Trading activity before the recent $25.2bn buyout of SLM, also known as Sallie Mae, was the latest target of regulators as they investigated suspicious option trades....
...The Dow Jones Industrial Average rose 0.85 per cent to 12,720.46, close to its record peak of 12,786.64 struck in February....
...The Dow Jones Industrial Average was down 0.7 per cent at 12,477.16. Transport stocks remained under pressure, in spite of oil prices reversing earlier gains....
...“Can Chuck Prince and Sallie Krawcheck guide Citigroup through this turnround? They probably have the ability. But you can’t be sure....
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