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Navient Reaches $1.85 Billion Deal Over Predatory Lending Claims

The student loan servicer agreed to cancel $1.7 billion in private student loan debts for nearly 66,000 borrowers and to pay $95 million in restitution.  » mehr lesen

Mike Cochran, Veteran Texas Reporter, Is Dead at 85

His many adventures in journalism included being a pallbearer at Lee Harvey Oswald’s funeral while reporting on it for The Associated Press.  » mehr lesen

Majid Al Futtaim, Who Helped Build Modern Dubai, Dies at 87

His real estate empire, including malls, grocery stores and luxury hotels, transformed the Persian Gulf city into a global tourism hub.  » mehr lesen

Lael Brainard predicts that the Fed will engineer a soft economic landing.

Ms. Brainard, nominated to be the Federal Reserve’s vice chair, expects workers will come back as the economy chugs along, she told a Senate committee.  » mehr lesen

Stocks drop as turbulence continues on Wall Street.

The S&P 500 fell 1.4 percent, while the Nasdaq composite slid 2.5 percent, losses that wiped out gains made by both benchmarks over the past two days.  » mehr lesen

Microsoft opens a review of its sexual harassment policies.

Shareholders called for action after evidence emerged that Bill Gates had sought romantic relationships with employees.  » mehr lesen

Senate Panel OKs Califf Nomination for F.D.A. Chief

A split committee vote revealed concerns about the opioid epidemic and abortion policies, foreshadowing a likely close vote on confirmation by the full Senate.  » mehr lesen

The First Big IPO of 2022 is TPG

The private equity firm’s trading debut is seen as a gauge for the health of the market.  » mehr lesen

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