A private equity fund is reportedly considering buying the student loan firm for more than $20 billion, even as Sallie Mae battles allegations of improper connections between lenders and college financial aid departments.
Another big merger in the media business: Cable provider Comcast is buying popular movie ticket website Fandango in its quest to create a one-stop entertainment destination site coming this summer.
KKR reportedly is interested in buying Dow Chemical for $50 billion, about a month after it announced a deal for Texas utility TXU for a then-record $32 billion. Alisa Roth reports.
The Chinese economy is growing faster than government officials expected. For the sixth time in less than a year, regulators have told Chinese banks they need to hang on to more reserves.
March sales figures were down nearly 10 percent for the automaker. Analysts say it was a cutback in fleet and truck sales that did it, but Ford's hoping its new Flex crossover vehicle will rev up revenues.
Skilled foreign workers can apply for H-1B visas starting today, but they won't last long. Critics say the quota needs to be raised, but efforts to revamp the system keep getting caught up in the larger immigration debate.
Big-city newspapers may be having their problems, but small community papers are still seen by companies such as News Corp as worthwhile investments. Alisa Roth reports.
Qwest, Verizon and AT&T have been granted the right to compete for the federal government's telecom contracts, a decision which propels Qwest into the top-tier providers. The big loser: Sprint.
Burger King says it's going to start getting eggs from free-range hens and pork from free-range pigs. Trouble is, there isn't enough free-range stuff to go around. Alisa Roth reports.
The burger chain says it will start buying 2% of its eggs and 10% of its pork from suppliers who don't cage the animals. Doesn't sound like much, but it's a significant philosophical change — and BK says it'll use more as supply becomes available.
