Gunman rampages across Virginia Tech University

4:30 pm ET Apr 16, 2007

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Gunman rampages across Virginia Tech University

SAN FRANCISCO
A gunman rampaged across the campus of Virginia Tech University on
Monday, killing at least 31 people and wounding two dozen more in the
worst mass shooting in U.S. history, officials said.

Market Snapshot: U.S. stocks rally on upbeat earnings, Sallie Mae
buy-out

NEW YORK
U.S. stocks rallied on Monday, lifting the Dow Jones Industrial Average
by over 100 points, with sentiment boosted by upbeat earnings from
blue-chip stock Citigroup Inc. and by a $25 billion leveraged buyout of
educational lender Sallie Mae.

Sallie Mae going private for $25 billion

WASHINGTON
Shares of student-loan firm Sallie Mae jumped about 18% Monday after the
company agreed to sell itself to a group of private-equity firms and two
major banks for $60 a share, or about $25 billion, the companies said
Monday.