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Monday, August 27, 2012

Reuters Money: Enroute to a degree, scholarship squeeze is latest hurdle

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08/27/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Enroute to a degree, scholarship squeeze is latest hurdle
NEW YORK (Reuters) - College students have it tough these days with ever-increasing tuition bills and record levels of debt. But in recent years, there's been one bright spot for student finances: a deep pot of scholarship money.
Small business borrowing woes hurt jobs: NYSE CEO
NEW YORK (Reuters) - A majority of U.S. small businesses are having a tough time accessing funding, holding back job growth and stunting economic growth, Duncan Niederauer, chief executive of NYSE Euronext, said in an interview.
Exclusive: Blackstone grooms six executives for Schwarzman's job
NEW YORK/LONDON (Reuters) - When Blackstone Group LP named a new global head of private equity last month, Chief Executive Stephen Schwarzman was looking for more than just a business unit chief.
Analysis: Friend and foe; Samsung, Apple won't want to damage parts deal
SEOUL (Reuters) - While Samsung Electronics is reeling from a patent pounding by its smartphone rival Apple Inc, this is unlikely to damage the other part of their relationship - where Samsung is the sole supplier of Apple-designed chips that power the iPhone and iPad.
Tiffany cuts profit outlook less than feared; shares up
(Reuters) - Tiffany & Co cut its fiscal-year sales and profit forecasts on Monday for the second straight quarter, citing the tough global economy, weakness in key markets such as New York and Asia, and lower expectations for the holiday season.
Business spending plans hint at factory weakness
WASHINGTON (Reuters) - U.S. businesses cut back on their spending plans for a second straight month in July, suggesting slower growth ahead for the factory sector.
Column: Even with possible Fed easing, time to rethink bonds
(The author is a Reuters columnist. The opinions expressed are his own.)
Analysis: U.S. cities avoid the pension obligation bet
NEW YORK/MIAMI (Reuters) - Many of America's states, cities and counties may have massively under-funded public pension funds - but they are avoiding piling on risk by shunning bonds that could finance such shortfalls.
China iron, coal defaults not all they seem: Clyde Russell
--Clyde Russell is a Reuters market analyst. The views expressed are his own.--
UPS to restructure New England pension plan, take $896 million charge
(Reuters) - United Parcel Service said it will restructure pension liabilities for about 10,200 employees and take a related one-time charge of $896 million in the third quarter ending September.
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