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The state of California’s attempt to sell of EdFund has been disallowed by federal officials.
For years the state has sought to sell EdFund, the student loan servicing auxiliary of the California Student Aid Commission, as part of a way to raise money to bridge the state’s perennial budget problems.
In fiscal 2008-09, EdFund processed $10.3 billion […]

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Yahoo Inc. investors get another update on CEO Carol Bartz' turnaround efforts at the Internet giant on Tuesday when second quarter earnings are posted.
Analysts expect earnings will come in around 14 cents per share on revenue of $1.16 billion after subtracting Yahoo's advertising commissions.
That would be the Sunnyvale company's (NASDAQ:YHOO) best quarter since Bartz took […]

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Doctors who receive Medicare payments won a round Friday in their bid for a raise - but first they’ll suffer a big cut in their government reimbursements.
The Senate passed a bill Friday rescinding a 21% cut and adding a 2.2% increase for Medicare payments. The bill was passed by unanimous consent after lawmakers found […]

U.S. consumer prices decreased in May for the second straight month as gasoline prices fell, the Labor Department reported Thursday.
The consumer price index fell a seasonally adjusted 0.2 percent after a 0.1 percent decline in April, the government said. Energy prices fell 2.9 percent, food prices were flat and shelter prices rose […]

A stock rally gained momentum Thursday, with the major indexes hitting highs for the day in the last minutes of trade, as concerns over Europe’s debt crisis and its impact on the global recovery were calmed by a sharp boost in Chinese exports and a strengthening euro.
The Dow Jones industrial average (INDU) […]

Finance Minister Naoto Kan’s readiness to debate Japan’s first sales-tax increase since 1997 signals the risk of a fiscal crisis may be weighing heavier with policy makers than dangers to economic growth.
A government tax panel convenes in coming weeks to review changes and hear recommendations of a private-sector board, after Kan last month […]

Japan will implement rules that tighten lending restrictions for Aiful Corp. and other consumer finance companies set to take effect in June, though enforcement may be eased to aid borrowers, a government official said.
The Financial Services Agency may consider changes to rules for implementing a law that puts a ceiling on the amount […]

A fitful economic recovery is drawing strength from a stabilizing job market and signs that manufacturing will contribute to the rebound.
The latest sign was a government report Thursday that the number of newly laid-off workers filing claims for unemployment benefits fell more than expected last week. And the four-week average for claims, […]

Confidence among U.S. consumers increased in December for the first time in three months as the pace of job cuts slowed, easing concern spending will falter.
The Reuters/University of Michigan preliminary index of consumer sentiment rose to 73.4, higher than forecast, from 67.4 in November, according to data released today. The December figure exceeds […]

Could the foreclosure plague be ending?
Foreclosure filings were down 3% in October, the third consecutive month-over-month dip, according to RealtyTrac, the online seller of foreclosed homes.
To be sure, foreclosure rates are still elevated from a year ago: They’re up 18% compared with October 2008. But the month-over-month decrease followed a 4% drop in filings […]