Obama Unveils Plan to Make College More Affordable

By Jeff Mason and Elvina Nawaguna WASHINGTON (Reuters) – President Barack Obama on Thursday proposed a new plan to tackle soaring higher education costs with a system that would rate colleges and universities based on their value for the money students spend and tie those ratings to disbursement of federal student aid. The president, who […]

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Fed Sends Few Clues on Timing of QE3 Reduction

By Jonathan Spicer and Steven C. Johnson NEW YORK (Reuters) – A few Federal Reserve officials thought last month it would soon be time to slow the pace of their bond buying “somewhat” but others counseled patience, according to meeting minutes that offered little hint on when the U.S. central bank might reduce its support […]

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Asia stocks slip anew, can’t escape Fed fears

By Wayne Cole SYDNEY (Reuters) – Asian share markets came under renewed pressure on Wednesday as investors worried that minutes of the Federal Reserve’s July policy meeting would only add to suspicions it will start scaling back stimulus from September. Reports that Japan’s government would raise the severity of the latest leak at Fukushima to […]

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Unease over Fed leaves shares at one-month low, bonds settle

By Marc Jones LONDON (Reuters) – World shares sank to their lowest level in more than a month on Tuesday as unease about an expected cut in U.S. stimulus and a related rise in bond yields left markets on edge. Europe’s main stock markets opened down 1 percent following a fourth straight day of falls […]

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Stocks vs. Economic Data: You Can Only Trust One

Despite decent economic data reported last week, which includes productivity rising at a larger than expected 0.9% and jobless claims hitting the lowest level since 2007, the market logged its worst week of the year. In a vacuum, economic data has actually been strong enough to justify the possibility that the FOMC may cut back […]

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Insight: Some U.S. feedlots rue loss of ‘Vitamin Z’ Zilmax

By Lisa Baertlein and P.J. Huffstutter (Reuters) – After nearly a decade of relying on weight-gain feed additives as a lifeline to survival, some of the 75,000 U.S. cattle feedyards that dot rural America in places such as Texas and the Great Plains, suddenly must do without the leading product Zilmax – nicknamed “Vitamin Z.” […]

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What It Takes to Start a Fast-Food Franchise

For many large restaurant chains, franchising is a critical part of the business. If you go to a well-known brand, chances are you’re eating at a shop owned by a franchisee, not the company whose name is on the sign outside. For McDonald’s (MCD), 81% of its global system is owned by franchisees. At Burger […]

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The $4 Trillion Choice: Stakes High for Next Fed Chief

President Obama is mulling what could well be the most important decision of his second term – nominating Ben Bernanke’s replacement as Federal Reserve chairman. Bernanke, whose second four-year term is set to end in January, has presided over perhaps the most dramatic period in the century-long history of the Fed, the mostly autonomous central […]

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The $4 Trillion Choice: Why the Stakes Are So High for Next Fed Chair

President Obama is mulling what could well be the most important decision of his second term – nominating Ben Bernanke’s replacement as Federal Reserve chairman. Bernanke, whose second four-year term is set to end in January, has presided over perhaps the most dramatic period in the century-long history of the Fed, the mostly autonomous central […]

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Dell’s Quarterly Profit Plummets as PC Sales Shrink

By Edwin Chan SAN FRANCISCO (Reuters) – Dell Inc, the PC maker embroiled in a takeover battle between its founding CEO and activist investor Carl Icahn, on Thursday reported a 72 percent slide in quarterly earnings as PC sales extended their downward spiral. Dell once led the world in computer sales and was held up […]

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