SEC Set to Probe Pimco Fund

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Pacific Investment Management disclosed that it received a Wells Notice from the staff of the SEC concerning the Pimco Total Return ETF.

Big Banks Charge Ahead With Cards

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Consumer demand for credit is rising while big banks lower their standards and raise credit limits.

Dalian Wanda to Close Some Stores

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Chinese property and entertainment giant Dalian Wanda Group is closing some Wanda department stores amid poorer sales and is exiting the karaoke business.

Aid's Role in Rising Tuition Gains Credence

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More economists believe the federal government’s loose standards for student loans are fueling a vicious cycle of higher college tuition prices, similar to what some say happened with the housing bubble.

Car Makers Map Out Future With Nokia Deal

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BMW, Audi and Daimler are betting on the future of autonomous cars, which meant joining forces to acquire HERE is more a necessity than a luxury.

Eurozone Crisis Nations Leave Greece Behind

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The eurozone recovery is increasingly being led by those hardest hit by the crisis – except for Greece.

BMW, Daimler and Audi to Buy Nokia's Maps Business

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Germany’s biggest auto makers have clinched a deal to buy Nokia’s digital mapping business, beating out rival bidders for some of the vital technology for self-driving cars in a $3.1 billion acquisition.

U.S. Stocks Lower as Oil Prices Drop

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U.S. stocks were dragged lower Monday by a continued fall in the price of oil and as investors digested a slew of mixed economic data.

Puerto Rico Defaults on Most of Debt Payment

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Puerto Rico missed most of a $58 million bond payment Monday, the first default by the U.S. commonwealth in what may become one of the largest restructurings in the history of the $3.7 trillion market for debt sold by U.S. state and local governments.

Puerto Rico Defaults on Most of Debt Payment

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Puerto Rico missed most of a $58 million bond payment Monday, the first default by the U.S. commonwealth in what may become one of the largest restructurings in the history of the $3.7 trillion market for debt sold by U.S. state and local governments.

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