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Class of 2013 guide to student loansBy Kathleen Kingsbury BOSTON (Reuters) - College graduates are carrying more than just their diplomas this spring as they enter the real world: student loan debt - a lot of it. Seventy percent of the Class of 2013 is graduating indebted, with an average balance of $35... ...Read More »Ford to retain 1,000 jobs at French plant after dealBLANQUEFORT, France (Reuters) - Car maker Ford <F.N> will retain 1,000 jobs at a plant in southwest France after striking a deal on Friday with local authorities to share the burden of new investments needed to keep the factory operating. Under the deal, Ford is to invest 125 million... ...Read More »Sandy who? Jersey shore opens for summer seven months after stormBy Victoria Cavaliere SEASIDE HEIGHTS, New Jersey (Reuters) - The New Jersey shore ushered in the unofficial start of summer on Friday, with businesses making last-minute preparations and officials declaring the resort towns ready for visitors seven months after Superstorm Sandy. ... ...Read More » |
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UBS France could face criminal investigation: sourcePARIS (Reuters) - UBS' <UBSN.VX> French unit could be placed under formal investigation in the coming days as part of a broader probe into the Swiss bank's business practices, a person familiar with the matter said on Friday. UBS France CEO Jean-Frederic de Leusse was questio... ...Read More »Exclusive: NY attorney general says more evidence banks violated mortgage pactBy Karen Freifeld NEW YORK (Reuters) - New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a settlement designed to end mortgage servicing abuses. Schneiderman ... ...Read More »Wall St. slips on Fed stimulus uncertainty; P&G jumpsBy Leah Schnurr NEW YORK (Reuters) - Stocks fell for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern the U.S. central bank may scale back its stimulus measures to support the economy. Still, losses we... ...Read More »Iran filmmaker gets standing ovation for secret film at CannesBy Mike Davidson CANNES (Reuters) - An Iranian director who was jailed for anti-government propaganda in 2010 emerged at the Cannes film festival on Friday to premiere a new film about state oppression that he shot in secret in his home country. Mohammad Rasoulof was ... ...Read More »Caterham tried to be too clever, says FernandesBy Alan Baldwin MONACO (Reuters) - Tailenders Caterham could have been one of Formula One's midfield teams by now had they not tried to be too clever last season, owner Tony Fernandes said on Friday. Speaking to reporters at the Monaco Grand Prix, social highlight... ...Read More »Monte Paschi might not be an isolated bank case in Italy: ChairmanBAGNAIA, Italy (Reuters) - The crisis that has hit Italy's third-largest lender Banca Monte dei Paschi di Siena <BMPS.MI> might not be an isolated case, Monte Paschi Chairman Alessandro Profumo said on Friday. There could be other cases similar (to the one of Monte dei Paschi),... ...Read More »Ally of HK leader investigated in exchange probeBy James Pomfret HONG KONG (Reuters) - The chairman of Hong Kong's Mercantile Exchange is under police investigation, the government said on Friday, as three other men were charged with possessing false documents including a fake cheque for $460 million following a probe into alleged i... ...Read More »Period dramas premiere on day 10 of Cannes film festivalBy Alexandria Sage CANNES (Reuters) - America's immigration debate finds echos in a period drama that premiered at the Cannes film festival on Friday about a Polish woman who arrives at Ellis Island and fights to survive in 1920s New York. The Immigrant features... ...Read More » |
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