Chicago Tribune |
Illinois, feds take on abusive student loan practices they say trap young people
Chicago Tribune Sallie Mae Bank and Navient have been practicing widespread abuse in their student lending practices, leading to billions of dollars of needless debt, according to a lawsuit filed by Illinois Attorney General Lisa Madigan. (Ally Marotti/Chicago Tribune). 6 Tips for Avoiding the Worst Student Loan Repayment TrapsNew York Times Student Loan Collector Navient Sued for Overcharging BorrowersNBCNews.com How student loan servicers affect tens of millions of peopleWashington Post The Daily News Online –Christian Science Monitor –West Central Tribune –Youngstown Vindicator all 326 news articles » |
Los Angeles Times |
HUD suspends FHA mortgage insurance rate cut an hour after Trump takes office
Los Angeles Times An hour after Donald Trump assumed the presidency Friday, his administration indefinitely suspended a pending rate cut for mortgage insurance required for FHA-backed loans, which are popular with first-time home buyers and those with poor credit. Trump's first executive action: Cancel Obama's mortgage premium cutsUSA TODAY Trump Reverses Obama's Mortgage Fee Cuts on First DayBloomberg One Of President Trump's First Acts Will Cost Homeowners Millions Of DollarsHuffington Post Washington Post –The Hill –TIME –CNBC all 73 news articles » |
MLive.com |
Ford's 2016 net income to drop $2B after change in accounting
MLive.com Ford Motor Co. said in a statement to the Securities and Exchange Commission it will reduce its 2016 net income by $2 billion due to an accounting change. This loss on its full-year net income is not "reflective of the underlying operating results of … Ford sees 'remeasurement' loss of about $3 billionMarketWatch Ford to Record Pre-Tax Loss of $3 Billion in 2016Fortune Ford expects $2B net income drop due to pension changeKOMO News Nasdaq –Business Insider –CFO all 25 news articles » |
CNBC |
Morgan Stanley gives CEO raise, Goldman cuts back
MarketWatch Morgan Stanley gave its chairman and CEO, James Gorman, a 7% raise for 2016, while Goldman Sachs Group Inc. cut stock awards for several executives but didn't disclose compensation for its top executive Lloyd Blankfein. Mr. Gorman received a pay … Morgan Stanley Lifts Gorman's 2016 Pay 7.1% to $22.5 MillionBloomberg There's one business on Wall Street that has suddenly 'become a lot more interesting'Business Insider Morgan Stanley CEO James Gorman's 2016 pay up 7 pct to $22.5 millionReuters CNBC –The Cerbat Gem –Nasdaq –TheStreet.com all 111 news articles » |
Los Angeles Times |
California gains 3700 jobs in December, pushing unemployment down to 5.2%
Los Angeles Times California employers capped off a solid year of job growth in 2016 by adding a net 3,700 jobs during the month of December, the Employment Development Department reported Friday. The unemployment rate was 5.2%, down from 5.3% in November. Jobless rate in Fresno County drops to level not seen since 2007Fresno Bee Unemployment in Miami-Dade rose slightly in DecemberMiami Herald Florida unemployment flat at 4.9 percent amid a small drop in jobsTampabay.com Sacramento Bee –Florida Times-Union –Alaska Dispatch News –Pittsburgh Post-Gazette all 170 news articles » |
Forbes |
Apple Sues Qualcomm For $1 Billion, Alleging Extortion
Forbes Qualcomm Inc. CEO Steve Mollenkopf speaks during a keynote address at CES 2017 (Photo by Ethan Miller/Getty Images). Just days after the United States Federal Trade Commission sued Qualcomm for antitrust violations, Apple is joining in. On Friday … Apple Sues Qualcomm Over Licensing PracticesWall Street Journal Apple accuses Qualcomm of extortion, monopolistic practices, price-gouging and more in lawsuitAppleInsider (press release) (blog) Apple Adds to Qualcomm's Troubles, Filing Lawsuit Over RebatesNew York Times CNET –The Verge –Bloomberg –CNBC all 171 news articles » |
Bloomberg |
Buffett Back in Money on IBM, Reversing $2.6 Billion Loss
Bloomberg International Business Machines Corp. has climbed above the price that Warren Buffett paid for shares in the computer company, reversing more than $2 billion in paper losses for his Berkshire Hathaway Inc. IBM rose 2.2 percent to $170.55 at 4 p.m … The Brilliant Blunders and Investments that Made Warren Buffet a BillionaireHuffington Post Wall Street Welcomes Its New Trumpian OverlordsVanity Fair Billionaire Warren Buffett is no big spenderNew York Daily News Variety –Yahoo Finance –Western Journalism –The Hill all 21 news articles » |
Bloomberg |
GE Misses Sales Estimates as Oil Weighs on Immelt's Overhaul
Bloomberg General Electric Co.'s woes in the oil patch persisted in the fourth quarter, denting sales and dragging down shares to their biggest decline in four months. Weakness in the oil and gas unit, which makes drilling equipment and pipes, will probably … UPDATE 1-GE profit up 36 percent, sales slow; affirms 2017 forecastBusiness Insider GE revenue dented by oil woesMarketWatch For GE's Growth Targets, $50 Crude and OPEC Deal Are Good OmensTheStreet.com Investor’s Business Daily –Natural Gas Intelligence –USA TODAY –Nasdaq all 37 news articles » |
Reason (blog) |
White House Site Relaunches with Trump's Populist Policy Proposals
Reason (blog) Donald Trump Anthony Behar/Sipa USA/NewscomThe website for the White House has been updated and relaunched to fit the new President Donald Trump administration. It is obviously pretty bare bones for now (you can read his inauguration speech here), … |
NBCNews.com |
Anti-Trump Protesters Blockade Uber HQ in San Francisco
NBCNews.com Protesters chained themselves to the front doors of Uber's offices in San Francisco Friday morning as Donald Trump was inaugurated. Employees were reportedly unable to enter the building, which also houses payments company Square, through the front … |