- Report: Treasury near plan for Fannie and Freddie
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The Treasury Department is close to finalizing plans for beleaguered mortgage buyers Freddie Mac and Fannie Mae, according to a report published Friday afternoon.
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- CNNMoney - 7h ago
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- Boeing machinists to strike as contract talks fail
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NEW YORK/EVERETT, Washington (Reuters) - Boeing Co's 27,000-strong machinists' union declared it will strike at midnight Pacific time on Friday, as the plane maker failed to improve its contract offer after two days of emergency talks.
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- Reuters - 2h ago
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- Samsung mulls buying SanDisk
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Samsung Electronics Co., the world's largest producer of flash-memory chips, said Friday it is considering buying U.S. chipmaker SanDisk Corp., but added that a decision has not yet been made.
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- MarketWatch - 16h ago
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- Machinists give Boeing until midnight
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Time was running out Friday for Boeing Co. and its machinist union to hammer out a labor contract before midnight and avoid a debilitating strike.
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- MarketWatch - 10h ago
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- Citi could sell Primerica, Texas business: Ladenburg's Bove
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NEW YORK (Reuters) - Citigroup could sell its Primerica financial services unit and its First American banking subsidiary in Texas as the bank continues to restructure its business, Ladenburg Thalmann analyst Richard Bove said in a research note.
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- Reuters - 56m ago
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- Dell Trades Factories For Money
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The computer manufacturer is selling factories to cut costs and pad its bottom line.
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- Forbes - 6h ago
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- U.S. to take control of mortgage giants: reports
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WASHINGTON (Reuters) - The U.S. government plans to put troubled mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported on Friday.
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- Reuters - 1h ago
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- FDIC shutters Silver State Bank of Nevada
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Read full story for latest details.
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- CNNMoney - 2h ago
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- New York Times to consolidate paper's sections
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NEW YORK (Reuters) - The New York Times Co plans to consolidate some sections in the metropolitan edition of its namesake newspaper to reduce costs, the publisher said on Friday.
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- Reuters - 2h ago
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- Greenberg could pay fine of up to $100 million: report
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NEW YORK (Reuters) - Maurice "Hank" Greenberg, the former CEO of American International Group Inc , could face a fine of up to $100 million to settle three-year-old civil fraud charges brought by New York's attorney general, according to business news channel CNBC on Friday.
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- Reuters - 3h ago
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- Samsung Takes Off The Gloves
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The memory chipmaker may purchase SanDisk to take market share away from Toshiba.
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- Forbes - 7h ago
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- GE may face fines, civil action on securities violations
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General Electric said Friday it has been notified that the Securities and Exchange Commission may recommend fines and other action ...
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- USA Today Money - 5h ago
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- Nokia sees loss in share
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Read full story for latest details.
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- CNNMoney - 15h ago
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- Continental introduces $15 fee for 1st checked bag
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NEW YORK (Reuters) - Continental Airlines Inc said on Friday it will charge a $15 service fee for a first checked bag for certain customers who buy economy-class tickets.
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- Reuters - 13h ago
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- Samsung Swoons For SanDisk
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The South Korean maker of memory chips admitted it might buy the U.S. flash memory specialist.
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- Forbes - 8h ago
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- Before the Bell: Jobs data, Merrill Lynch, Dell, Altria, SanDisk in focus
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U.S. stock market futures extended losses Friday after a bigger-than-expected decline in August nonfarm payrolls and a sharp jump in the unemployment rate, with a downgrade of Merrill Lynch adding to the pessimistic mood.
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- MarketWatch - 15h ago
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- Home foreclosures reach record high
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NEW YORK (Reuters) - Home foreclosures and the rate of homes entering the foreclosure process rose to record highs in the second quarter, the Mortgage Bankers Association said on Friday.
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- Reuters - 14h ago
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- National Semi's shares dip on lower profit, sales update
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Shares of National Semiconductor Corp. fall nearly 6% before staging a partial recovery, as investors react to results showing the chipmaker with a lower first-quarter profit and to a weaker-than-expected sales outlook.
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- MarketWatch - 11h ago
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- Goldman cuts Merrill to sell, sees fresh writedowns
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(Reuters) - Merrill Lynch & Co , battered by more than $40 billion of write-downs tied largely to mortgages, will likely incur fresh write-downs, in addition to those assumed after its recent sale of repackaged debt to Lone Star Funds, said an analyst at Goldman Sachs, who...
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- Reuters - 18h ago
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- A flier strikes back: Sues over cancellation
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On Feb. 21, 2008, Mitchell Berns heard every flier's two least favorite words: weather related. Citing snow, Delta Airlines was canceling his flight from Las Vegas to New York City and rescheduling him for a redeye connecting in Boston. With 47% of all delays so far in 2008...
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- CNNMoney - 18h ago
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- Stocks Edge Off Session Lows
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The major indices rally off their lows but remainin the red as oil ticks lower and investors weigh a surprise jump in the August unemployment rate.
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- TheStreet - 12h ago
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- Nokia Feels The Heat
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The company is losing market share, and investors are losing faith.
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- Forbes - 13h ago
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- Bond Report: Treasurys gain after more jobs lost than forecast
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Treasurys advanced early Friday, sending yields to the lowest since mid-April, after a Labor Department report said the economy shed more jobs than expected in August.
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- MarketWatch - 15h ago
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- Pimco appoints El-Erian as CEO
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(Reuters) - Pacific Investment Management Co, the manager of the world's biggest bond fund, named Mohamed El-Erian as its chief executive to replace Bill Thompson, who will retire at the end of the year.
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- Reuters - 19h ago
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- Tech Stocks: SanDisk a rare tech gainer as sector stumbles early
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Technology stocks were mostly in the red Friday as the sector continued with its week-long decline, but memory chipmaker SanDisk Corp. bucked the losing trend following a report that it could be an acquisition target.
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- MarketWatch - 14h ago
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- Josh gets a job!
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It took six months and hundreds of resumes, but Josh Hager has finally landed a job.
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- CNNMoney - 11h ago
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- Dell plans to sell computer factories: report
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(Reuters) - Dell Inc is trying to sell computer factories around the world in efforts to cut cost and improve profitability, the Wall Street Journal said.
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- Reuters - 23h ago
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- Robert Powell: Ten international stocks that will set you up for the long haul
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BOSTON (MarketWatch) -- If it's good enough for Warren Buffett, it should be good enough for you. Or at least it should be if you are looking for an international stock that you can buy and hold for the long term, say from the time you get out of college till you retire.
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- MarketWatch - 9h ago
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- McCain: Let's Get Back to Basics
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The Republican presidential candidate vows to fight for the future of America and return his party back to its values of freedom and small government.
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- TheStreet - 14h ago
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- Executive leaves hedge fund Citadel
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BOSTON (Reuters) - A Citadel Investment Group LLC executive who ran an unprofitable credit investment group for the large hedge fund company has resigned, a person familiar with the matter said on Friday.
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- Reuters - 12h ago
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- Gas prices fall: Five days and counting
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Gasoline prices eased for the fifth straight day, even as Tropical Storm Hanna bears down on the Carolinas, according to a nationwide survey of gas station credit card swipes.
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- CNNMoney - 17h ago
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- Airline Stocks: Airlines stagnant on weak economic data
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Airline shares were stagnant Friday after a U.S. report showed the country's unemployment rate jumped to a five-year high of 6.1%.
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- MarketWatch - 14h ago
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- Dell said to consider sale of factories
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Dell Inc. reportedly might sell most or all of its factories as part of a strategy to cut costs and overhaul its production model.
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- MarketWatch - 15h ago
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- Nokia warns on Q3 as rivals, economy take toll
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HELSINKI (Reuters) - The world's top mobile phone maker Nokia warned on Friday that the soft global economy, tough competition from rivals and a weak handset portfolio would hit its market share in the third quarter.
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- Reuters - 15h ago
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- British pub chain says Coors Light helps revive lager sales
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Brits may love their bitter ales and strong lagers, but one pub chain has turned to an all-American brew to stem a downturn in the market: Coors Light.
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- MarketWatch - 19h ago
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- Altria Considers Scooping Up UST
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The cigarette company is reportedly making a play for the smokeless tobacco business.
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- Forbes - 6h ago
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- Gamers Beat Bookworms For HMV
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Strong software and hardware sales makes up for weakness in books, DVDs and music at the retailer.
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- Forbes - 15h ago
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- Capitol Report: Job report ends lingering doubts of recession for some
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The August employment report has removed any lingering doubt on the part of many economists that the economy will eventually slide into recession.
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- MarketWatch - 9h ago
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- Michael Dell and Facebook
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Write something about Dell online, and chances are the company will know about it in an hour or so. Dis the company in a blog or a Facebook group, and someone from a crack response team may even chime in, if only to let everyone know that Dell cares.
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- CNNMoney - 15h ago
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- 9% of homeowners are late with bill or in foreclosure, study says
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An industry group says a record 9.2% of American homeowners with a mortgage were either behind on their payments or in foreclosure ...
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- USA Today Money - 13h ago
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- Record 1.2 million homes hit by foreclosure
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A record 1.249 million homes were in foreclosure during the second quarter of 2008, according to a report released Friday by the Mortgage Bankers Association.
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- CNNMoney - 14h ago
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- BankUnited Hit By OTS Downgrade
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BankUnited Financial on late Friday said the Office for Thrift Supervision had lowered its capital status amid mounting liquidity concerns.
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- TheStreet - 5h ago
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- Stocks to Watch: Stocks in focus for Monday
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Monday will be a relatively quiet day as far as earnings go, but investors will have plenty to trade on as they mull over several major deals that are expected to take shape soon.
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- MarketWatch - 5h ago
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- Alabama group files suit over Jefferson County debt
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BIRMINGHAM, Alabama (Reuters) - An Alabama activist group has filed a lawsuit seeking to cancel $6.6 billion in debt and related swaps issued by Jefferson County, claiming the county faces financial disaster because of misdeeds by Wall Street firms, corrupt local politicians and...
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- Reuters - 6h ago
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- Technical Outlook: Refiners May Be Bottoming
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But the bottom won't be confirmed until we see a breakout on solid volume and the price holds above the prior resistance levels.
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- TheStreet - 6h ago
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- Take-Two Sees Accelerated Sales
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The company raised its full-year outlook on Q3's strong sales bumped by ''Grand Theft Auto.''
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- Forbes - 6h ago
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- Canadian Markets: Stocks eke out tiny materials-led gain in losing week
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Canadian stocks eke out a tiny gain, as some materials shares rise in the aftermath of a week marred by sell-offs in energy and resource shares.
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- MarketWatch - 6h ago
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- Stocks Fight Their Way Back to a Positive Finish
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Blue-chip stocks end a wobbly trading day with slight gains despite a rise in unemployment numbers. Tech shares dip. Frank Curzio breaks down the action in The Real Story video above.
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- TheStreet - 6h ago
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- 10 Best, 10 Worst Technology Funds
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Companies, consumers rein in spending, putting a dent in tech funds.
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- TheStreet - 6h ago
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- Student Loans Under Fire
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The hits keep coming for the college loan industry.
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- Forbes - 7h ago
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