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Business News
Credit Suisse to pay $5.3B over mortgage-backed securities
NEW YORK (AP) -- Credit Suisse is paying $5.3 billion to settle claims that it misled investors about the quality of mortgage-backed securities that it sold in the lead-up to the 2008 financial crisis....
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Yellen says Fed close to achieving its economic goals
WASHINGTON (AP) -- Federal Reserve Chair Janet Yellen says the economy has come a long way in recovering from the 2008 financial crisis, and the Fed is getting close to achieving its goals of maximum employment and stable inflation....
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US stock indexes stay stuck; bond yields and dollar rise
NEW YORK (AP) -- U.S. stock indexes stuck to their holding pattern Wednesday, as the Standard & Poor's 500 index entered its most listless stretch of trading in more than three years. Bond yields and the dollar resumed their moves higher....
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Consumer agency sues Navient over student loan repayments
WASHINGTON (AP) -- Federal regulators have sued Navient, accusing the biggest U.S. student loan company of making it harder for borrowers to repay loans by giving them bad information, processing payments incorrectly and failing to act on complaints....
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Federal Reserve sees growth pickup at end of last year
WASHINGTON (AP) -- The U.S. economy grew a bit faster at the end of last year, spurred by healthier sales for manufacturers and steady hiring that is slowly pushing up wages....
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