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CNNMoney

GE is shrinking its empire but not fixing its debt crisis
CNNMoney
The GE CEO has promised to sell about $20 billion of businesses -- and use the proceeds to pay down debt. GE made progress on that goal on Monday by unloading GE Transportation, the 111-year-old rail division, in an $11 billion merger with rival ...



Bloomberg

Greek Debt Talks Said to Stumble on Bailout Loans Extension
Bloomberg
The IMF, with support from the European Central Bank and France, is arguing that debt relief on Greece's 320 billion euros ($375 billion) of debt should kick in as soon as the rescue program ends with no strings attached in order to win over investors.
EU kicks final Greek debt talks into JuneFinancial Times

all 9 news articles »


Yahoo News

Saddled With Student Debt? 4 Moves to Make Today
Yahoo News
If you're drowning in student debt, you're certainly in good company. The average Class of 2017 graduate came away $39,400 in the hole, which represents a 6% increase from the previous year. All told, Americans are on the hook for nearly $1.5 trillion ...

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Sportsman's Warehouse shares jump 3% after moves to lower debt service costs
MarketWatch
Sportsman's Warehouse Holdings Inc. shares SPWH, +2.98% jumped 3% in premarket trade Thursday, after the company said it is amending a credit facility and refinancing a term loan in moves that will lower its debt service costs. The company said it has ...

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Forbes

New Report: The US Student-Loan Debt Crisis Is Even Worse Than We Thought
Forbes
Last year, in these pages, I reported that, on January 13, 2017 (just one week before the Obama administration exited DC), the Obama Department of Education released a memorandum confessing that it had “overstated student loan repayment rates at most ...

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CNBC

39% of college students would consider dropping out to avoid going further into debt
CNBC
In a recent survey of 3,069 students, MagnifyMoney found that 39 percent of those with loans would consider dropping out of school before graduation to avoid taking on more debt. Of those who would consider dropping out, more than half already owe ...

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Bloomberg

Scrutiny on `Insolvent' 1MDB Grows as Malaysian Team Meets FBI ...
Bloomberg
Scrutiny of Malaysia's 1MDB intensified as the government said the state investment fund is "insolvent" and unable to repay debts, which the company previously ...
Najib's government deceived public over Malaysia's finances, was servicing 1MDB debt: Lim Guan EngThe Straits Times

all 162 news articles »


Bloomberg

Petra Diamonds to Raise $178 Million to Help Lower Debt
Bloomberg
Petra has more than $600 million of debt it accumulated by building a new plant and digging deeper at Cullinan. Its lenders have waived covenants for December 2017 and relaxed them for upcoming June and December measurements, with the company ...

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CNN

George Zimmerman tells court he's $2.5M in debt, needs a public defender
CNN
(CNN) A court allowed George Zimmerman to use a public defender in his alleged stalking case after he filed documents saying he's $2.5 million in debt and has zero income. Zimmerman is facing stalking accusations in his latest legal woes since his 2013 ...

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Bloomberg

EU Unveils Pooled Sovereign-Debt Plan Amid German Resistance
Bloomberg
The European Commission formally unveiled a proposal to facilitate the development of sovereign bond-backed securities, or SBBS, as it seeks to shield Europe's bond market from future crises in the face of German opposition to any instruments that ...

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