U.S. to Forgive at Least $108 Billion in Student Debt in Coming Years

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The federal government is on track to forgive at least $108 billion in U.S. student debt in coming years, according to a GAO report that shows the Obama administration’s approach is proving costly.

Europe's Forgotten Election: Spare a Thought for Austria

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Investors will be watching out for the result of Italy’s constitutional referendum Sunday. They shouldn’t forget Austria’s presidential vote.

Jobless Rate Hits Lowest Level Since Before Recession

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U.S. employers hired at a steady clip in November while the unemployment rate fell to 4.6%, the lowest level in nine years—signs of enduring labor-market growth that will likely leave Fed officials on track to raise rates this month.

The Really Rich Got Richer, According to IRS's Top 400

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The total income reported on the top 400 individual tax returns rose 20% in 2014, according to Internal Revenue Service data released Thursday.

Numbers Don't Add Up for Trump's Trillion-Dollar Building Plan

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Donald Trump’s infrastructure plan has sent construction stocks soaring, but the proposed funding plan has glaring flaws.

Trump Warns Firms Will See Penalties if Jobs Leave the U.S.

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The president-elect vowed to punish U.S. companies that shift jobs overseas as he praised a deal that would save about 800 factory jobs in Indiana.

Starbucks' Schultz Stepping Down as CEO to Focus on Higher-End Shops

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Howard Schultz is stepping down as CEO of Starbucks to lead an effort at the company to build high-end coffee shops that will charge as much as $12 a cup, his next attempt to revolutionize the way Americans consume coffee.

United Tech CEO's Pilgrimage to Trump Tower Ends in Deal

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Greg Hayes’ pilgrimage to Trump Tower ended roughly two weeks of intensive talks between representatives of Vice President-elect Pence and United Technologies. Under the deal, the company will get $7 million over 10 years to keep jobs in Indiana.

Theranos Investor Riley Bechtel Steps Down From Board

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Theranos said Riley Bechtel, chairman of the construction giant Bechtel Corp., retired as a director of the embattled blood-testing startup.

For-Profit Colleges Look to Trump for a Pass

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For-profit colleges are looking to the incoming Trump administration for a rollback of tough regulations that threatened to lead to the closure of hundreds of schools and that drove their stock-market valuations down.

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