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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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Juwi Group, a German developer of renewable-energy projects, is moving the headquarters of its U.S. wind business from Ohio to Boulder, Colorado Gov. Bill Ritter announced Monday.
The company’s U.S. solar division, Juwi Solar Inc., already is headquartered in Boulder and employs some 30 people there. The new Boulder headquarters of Juwi Wind U.S. Corp., which […]

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Hewlett-Packard Co.'s HP Enterprise Services has signed a Continuity of Services Contract with the U.S. Department of the Navy worth more than $3.4 billion if all options are exercised, HP has announced.
The initial award to the unit, which is based in Herndon, Va., is $27 million, the Department of Defense said in its online contract […]

A public-private state partnership has been awarded $30 million in federal stimulus funding for a project to extend broadband access in Ohio.
The Ohio Middle Mile Consortium, a group of broadband providers around the state, sought the grant on behalf of the state. Gov. Ted Strickland said the funding will support the construction of 700 miles […]

It’s that time of year again: The weather is getting warmer, Apple’s annual Worldwide Developers Conference is just around the corner, and rumors about the iPhone coming to Verizon are sprouting up.
Don’t believe it, Verizon fans. It’s unlikely that Steve Jobs will announce a Verizon tie-up when he gets on stage at the WWDC […]

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TD Bank Financial Group, the parent of TD Bank, said Monday it has struck a deal to acquire a money-losing South Carolina-based bank with an elevated amount of problem loans on its balance sheet.
As part of the deal, Toronto-based TD Bank Financial said it will inject an estimated 250 million Canadian dollars ($241.7 million) in […]

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 […]

Internet fraud cases surged by 22% in 2009, and financial losses doubled compared to the year before as scammers took advantage of Americans rendered desperate by the recession.
The Federal Bureau of Investigation’s Internet Crime Complaint Center said it received 336,655 complaints in 2009 with losses totaling $559.7 million. This is a substantial increase from […]

Is a $150 pair of jeans a better deal than a $50 pair? Is a $60-per-month gym membership worth it? Should you spend $20 more for a better coffee maker?
The answer is, of course, that it depends. One way to evaluate a purchase is to estimate its cost per use, rather than […]