SLM Corp (NASDAQ:SLM)’s shares climbed 1.02% to $8.92. Sallie Mae Bank, the wholly-owned subsidiary of the recently reorganized SLM Corporation, on May 13 has voluntarily settled its previously reported regulatory matters with the FDIC and Department of Justice regarding disclosures and assessments of certain late fees, as well as compliance with the Servicemembers Civil Relief Act (“SCRA”). Sallie Mae Bank is moving forward as part of a new, independent company focused on responsible financial practices, customer experience and compliance. Under the terms of the reorganization of SLM Corporation and related separation of Navient Corporation on April 30, 2014, Navient Corporation is responsible for funding all liabilities under the regulatory orders, other than fines directly levied against Sallie Mae Bank in connection with these matters.
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Staples, Inc. (NASDAQ:SPLS)’s shares gained 0.27% to $11.23. The company on June 5 announced the opening of its Development Center in downtown Seattle, near the Pioneer Square/International District. One of two Staples’ west coast offices, the Development Center is made-up of e-commerce and engineering teams responsible for driving major initiatives to enhance areas including search, SEO and personalization.
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Additionally, the company on June 3 announced that its Board of Directors declared a quarterly cash dividend on Staples, Inc. common stock of $0.12 per share. The dividend is payable on July 17, 2014, to shareholders of record on June 27, 2014.
Interpublic Group of Companies Inc(NYSE:IPG)’s shares dropped 0.41% to $19.50. Interpublic Group’s shares price target was raised to $22 from $20 at Argus on May 23. Argus increased its price target on Interpublic Group (IPG) after the company reported stronger than expected Q1 results.
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Additionally, the company on May 22 announced that the company`s Board of Directors has declared a quarterly dividend on IPG common stock of $0.095 per share, payable on June 17, 2014 to holders of record at the close of business on June 3, 2014.