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Sallie Mae
Analysts: ITT's woes are likely to worsen
January 12, 2013
J.K. WallInvestors have dumped the already-depressed shares of ITT Educational Services Inc. after the operator of for-profit colleges
shelled out $46 million for bad private student loans it had backed to help students pay the portion of its pricey tuition
that federal loans won’t cover. With fewer ITT graduates able to find jobs, the default rates on these loans has spiked.
MoreITT agrees to pay Sallie Mae $46M to settle suit
January 7, 2013
Scott OlsonWall Street reacted unfavorably to the settlement Monday, as ITT shares fell as much as 22 percent, to $15 a share. Shares
traded for more than $66 about 10 months ago.
MoreSallie Mae plans to add 200 jobs in Muncie
July 27, 2012
The jobs are part of a $5 million expansion in which the company will add 20,200 square feet of space to its offices in Muncie.
When finished next summer, the 75,000-square-foot facility will house 900 employees.
MoreSallie Mae restructuring affects Indiana jobs
December 8, 2010
Kathleen McLaughlinStudent-loan giant lays off about 70 people in Fishers as part of national reshuffling.
MoreSallie Mae consolidation bringing 350 jobs to Indiana
October 29, 2010
IBJ Staff and Associated PressStudent-loan giant Sallie Mae will consolidate operations in Indiana as part of a company-wide restructuring, creating about
350 jobs at its existing facilities in Fishers and Muncie.
MoreSallie Mae's job cuts spare Indiana, at least for now
April 28, 2010
IBJ Staff and Associated PressSallie Mae says a new law that cuts banks out of the federal student-loan business is costing 2,500 workers their jobs in
Florida and Texas, but the cuts won't hit Indiana in 2010.
MoreApproval of college-aid overhaul to shake Sallie Mae
March 22, 2010
IBJ Staff and Associated PressThe legislation, piggybacked to the health care bill that passed Congress Sunday night, could also mean major job
losses for Sallie Mae, which employs about 2,400 people in Indiana, including 1,700 in Fishers.
MoreObama reforms not necessarily dire for Sallie Mae in Indiana
December 12, 2009
J.K. WallThe plan to nationalize the federal student loan program threatens to force Sallie Mae
to hack its network of 26 offices down to five. Yet the company's Indiana operations have several advantages that could
help weather the cuts.
MoreSallie Mae jobs are in jeopardy
November 7, 2009
There are 2,300 hard-working and well-paid professionals here in Indiana whose
jobs are hanging in the balance while Congress debates a bill (H.R. 3221) that would eliminate the private student loan industry
as we know it.
MoreSallie Mae rallies over jobs in Fishers
August 21, 2009
Scott OlsonSallie Mae CEO Al Lord visited the company's Fishers office this morning in his latest effort to get the word out that his
business and his employees' jobs are threatened by a government proposal.
MoreCredit crisis reverses student lender's growth
February 9, 2009
J.K. WallISM Loans is waiting to re-enter markets after halting its lending, changing its leadership and cutting 100 workers.
MoreCredit-market turmoil casts uncertainty over ITT Educational Services
March 24, 2008
Tracy DonhardtITT Educational Services Inc. and other for-profit schools are facing a maelstrom of financial threats that analysts say could
hurt student recruiting and profit margins--and already has driven stock prices down sharply. ITT shares are off 61 percent
since hitting an all-time high of $131.82 in November.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.