In Brief: Contifinancial: Unit Of GM in Deal Talks

Finance company Contifinancial Corp. said Wednesday that it is still negotiating with Residential Funding Corp. and that it is postponing the filing of its annual report for 15 days.

Contifinancial said on May 19 that RFC, a division of General Motors Corp., had expressed interest in buying it. The finance company's stock has fallen more than 50% since then on speculation that the deal has fallen through.

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