London Eye in Bangalore?

In a bid to take Bangalore to greater heights on the global map, efforts are on to get the "London Eye'' (giant wheel observatory) to Silicon city.

The 'AA' rating reflects the district's wealthy tax base, healthy fund balances,increasing enrollment and low debt levels. Analysts expect the full House of Representatives to passthe law before the chamber's August recess Sallie Mae and three rivals did win a key U.S. Departmentof Education mandate in June, capturing a five-year contract toservice $550 billion of federal student loans Shares of Sallie Mae began the year at $8.90 The companyannounced results after U.S markets closed. Citigroup Inc (C.N) owns an 80 percent stake in StudentLoan Corp, regulatory filings show.

A proposed law would shift much of the lending into adirect loan program and by July 2010 end the Federal FamilyEducation Loan Program, once a big source of profits for SallieMae, Student Loan Corp (STU.N) and other rivals. Sallie Mae said it set aside $362 million for loan losses,up from the first quarter's $297 million, while charge-offs onmanaged private education loans more than doubled from thefirst quarter to $355 million. Results were announced hours after the House EducationCommittee endorsed an Obama administration proposal to reshapethe $92 billion U.S college student loan market. Results included a gain of 44 cents per share from debtrepurchases, and a loss of 13 cents per share related todisruptions in the commercial paper market Student loan volumeincreased 53 percent to $3.7 billion. Sallie Mae shares nevertheless fell 6.5 percent to $8.89 inafter-hours trading They had fallen 28 cents to $9.51 inregular trading. Sallie Mae, whose formal name is SLM Corp, said "core"earnings rose 9 percent to $170 million, or 31 cents per share.On that basis, analysts on average had expected profit of 6cents per share, according to Reuters Estimates. The most recentperiod included a $484 million loss tied to derivatives andhedging.

The loss for the Reston, Virginia-based company was $123million, or 32 cents per share, and compared with a profit of$266 million, or 50 cents, a year earlier. student loan provider, on Tuesday said securitiesand loan write-downs and disruptions to credit markets led to asecond-quarter loss, and its shares fell after-hours. * Quarterly loss tied to derivatives, hedging Stocks  |  Bonds  |  Funds News  |  ETFs News * "Core" results top forecasts * Shares fall 6.5 percent after-hours (Adds "core" earnings topping forecasts, after-hours sharemovement) NEW YORK, July 21 (Reuters) - Sallie Mae (SLM.N), thelargest U.S. All otherreferenced product names are trademarks of their respective owners.Press and Industry Analyst Contact:Bill BrikiatiseCopy, Inc.Director, Corporate Marketing603.324.8308Email ContactCopyright 2009, Market Wire, All rights reserved.-0-. is a global company headquartered in theUnited States, with subsidiaries in Japan and the UK, offices in Germany,France, Scandinavia, Canada, Singapore, New Zealand and Australia. Formore information, visit http:// or join the conversation ateCopy's Document Imaging Blog at and eCopy PaperWorks are trademarks of eCopy, Inc. With more than 100,000units of eCopy ShareScan sold, eCopy is the market leader in MFP documentimaging software.

eCopy customers include GE, Time Warner Inc., Yahoo!,Nissan, Verizon Wireless, BP, Sprint, Siemens, Cisco Systems, SAAB, andSony Corporation eCopy, Inc. is an innovative provider of open and flexible solutionsthat transform paperwork into paper that works. "Our free software download enables office workersto use a full-function version of eCopy PaperWorks for 45 days so they canexperience how it improves personal productivity."About eCopy, Inc.eCopy(TM), Inc. Insert bookmarks, addheaders, footers and Bates Stamps, and electronically sign documents.Annotate pages using drawing, text, highlight, blackout, whiteout andnotes tools.Connect - Save files as secure documents, distribute via e-mail and fax,and integrate with back-end applications and business process workflows.The software includes built-in Connectors for Microsoft SharePoint, EMCDocumentum, Autonomy iManage WorkSite and Open Text eDOCS DM."eCopy PaperWorks converts documents, faxes and desktop application filesinto secure, editable PDFs, merges content from different sources andexpedites workflows," said Tim Durant, eCopy vice president, WorldwideBusiness Development.