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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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McDonald’s smoothie sampling event July 22-24 has been called off due to unprecedented demand.
McDonald’s said it will review the possibility of rescheduling at a later date.
“The McCafé Real Fruit Smoothies are an absolute hit with our customers and we’re experiencing unprecedented demand for this delicious new choice on our menu,” said Neil Golden, Chief Marketing […]

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The Metropolitan Transit Authority plans to purchase the shuttered Peterbilt Motors Co. site in Madison in order to replace operations on Nestor Street that suffered $10 million in flood damage. The 66-acre site includes a 400,000-square-foot plant.
Authority CEO Paul Ballard said Seattle-based Paccar, Peterbilt’s parent company, has requested $21 million for the property, but that […]

An alliance of St. Louis-area trade organizations has scheduled a late afternoon rally in Forest Park today to launch what organizers are calling a "national public campaign" aimed at stopping a splinter electrical workers union in its tracks.
The rally serves as formal notice that a "summit" in early May failed to clear the […]

Treasurys gained Friday as a disappointing report on employment and a sinking euro revived worries about the health of the global economy.
What prices are doing: The benchmark 10-year note rose 1-12/32 to 102-17/32, pushing the yield down to 3.21%, from 3.36% on Thursday. Bond prices and yields move in opposite directions.
The 30-year bond added […]

HearUSA said its revenue for the fourth quarter of 2009 rose 5 percent to $21.7 million from $20.7 million in the same year-ago quarter. Losses from continuing operations were $315,000, improved from a loss of $3.5 million a year earlier.
Net loss attributable to common stockholders was $172,000, or 0 cents a share, in the fourth […]

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Betsy Nolen, professional concierge at Barfield Murphy Shank & Smith, was honored with the Ellis Porch Spirit Award from the […]

Toyota fired another volley this week as it continued its fight to regain the confidence of owners shaken by reports of unintended acceleration.
During a webcast with journalists Monday, the Japanese automaker’s hired independent experts went after professor David Gilbert of Southern Illinois University, who has emerged as a gadfly engineer. Gilbert appeared on ABC […]

Greece arranged swap agreements with about 15 securities firms, including some payments from banks that may have helped hide the country’s true deficit, according to a person with direct knowledge of the contracts.
The swaps that allowed Greece to receive payments upfront date from before 2008, when European Union regulators changed rules to limit […]

The Bank of England said lenders should use improved funding conditions to buffer themselves against further shocks and brace for 1 trillion pounds ($1.6 trillion) in liabilities maturing in the next five years.
“Banks remain exposed to any future deterioration in macroeconomic and market conditions, which could substantially raise the cost of funding and […]