Morning Brief 07.18.07

Sallie Mae has amassed millions of options in its own stock as part of a share buyback program that could yield a substantial windfall for the Reston-based student loan company if a pending deal to take it private is completed. See story.

Internet phone provider SunRocket ceased operations on Monday, leaving the Vienna company's 200,000 customers in the lurch. See story. Read Rob Pegoraro's posting about SunRocket on his Faster Forward blog.

By Mike Shepard  |  July 18, 2007; 10:08 AM ET
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