Early Briefing:

*Mobile-home parks in the Washington area have been replaced by more expensive commercial development over recent years. But a bill in the Maryland legislature would require the county's mobile home park owners to notify residents if they plan to sell, giving residents a chance to make a collective offer to buy the properties themselves. See story

*The Washington Post Co., which owns the Kaplan education service, acquired an 8.1 percent stake in Corinthian Colleges, a for-profit provider of post-secondary education. The Post Co. paid $59.7 million for 6.89 million shares of Corinthian, according to a filing. The company said the purchase was for investment purposes and indicated it may buy more.

*Sallie Mae of Reston said Bank of America and J.P. Morgan Chase agreed to wait until at least March 1 before charging a penalty on $30 billion in credit. Sallie said in a filing that it plans to borrow up to $35 billion to replace the old credit line.

*Sprint Nextel will give former chief financial officer Paul Saleh an extra $250,000 after replacing him last month in recognition of his two-month service as acting chief executive.

By Terri Rupar  |  February 16, 2008; 5:00 AM ET  | Category:  Morning Brief
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