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  • That message easily could get lost in the controversy following a recent New York Times opinion piece, "Why I Defaulted on My Student Loans," in which writer Lee Siegel not only defended his decision to ignore his education debt, but urged others to join him as a way of changing the economics of paying for college. We now have some indication that debt strikes may work:...

  • June 18- News Corp, owner of the Wall Street Journal, is carrying out a major reorganization at its Dow Jones news publishing unit that will involve job cuts and shifting resources to digital media. Dow Jones, which has about 5,000 employees worldwide, will close bureaus in Prague and Helsinki and cut jobs in bureaus in Europe and Asia, Gerard Baker, editor-in-chief...

  • June 18- News Corp, owner of the Wall Street Journal, is carrying out a major reorganization at its Dow Jones news publishing unit that will involve job cuts and shifting of resources into digital media, the Wall Street Journal reported. Dow Jones will close bureaus in Prague and Helsinki and cut jobs in bureaus in Europe and Asia, Gerard Baker, editor in chief of Dow...

  • NEW YORK, June 18- Richard Zabel, the top deputy for Manhattan U.S. Attorney Preet Bharara, is leaving the Justice Department to become general counsel at the hedge fund Elliott Management, according to an internal Elliott memo reviewed by Reuters on Thursday. A graduate of Princeton University and Harvard Law School, Zabel previously spent eight years as a...

  • NEW YORK, June 17- Don't call Chris Christie rich. "The divide between the governing elite and the voters has never been so big," said David Carney, a New Hampshire- based Republican strategist. John Weaver, a former advisor to 2008 Republican nominee John McCain, said candidates understand that.

  • TEL AVIV, June 15- Israeli start-up Mobli Media Inc is taking on Internet giants Google, Facebook and Yahoo with an innovative online search tool to find the latest photos and videos across social media, the company said on Monday. Mobli, which is backed by Mexican billionaire Carlos Slim and big-name U.S. celebrity investors Leonardo DiCaprio, Serena Williams,...

  • June 11- New York law enforcement officials have written to eBay Inc and PayPal Inc this week, saying the companies' revised user policies "raise issues" under consumer protection laws, the New York Times reported. Ebay's updated user agreement is scheduled to take effect on Monday and PayPal's will become effective on July 1. Representatives at the New York...

  • Apple Music cautiously embraced by record industry Wednesday, 10 Jun 2015 | 4:08 PM ET

    SAN FRANCISCO, June 10- A decade ago, Apple Inc helped revitalize a music industry hit hard by online piracy with its iTunes Store. Officials in the recording industry are pleased to see Apple throwing its deep pockets and strong brand behind paid streaming, which generally provides more revenue for labels than the free services, which are supported by ads, said...

  • June 10- Attorneys general in New York and Connecticut are investigating whether the deals that Apple Inc has struck with music companies for its new streaming service violate antitrust laws, the New York Times reported. The Times quoted, Matt Mittenthal, a spokesman for New York Attorney General Eric Schneiderman, as saying the state was looking into Apple's...

  • Apple Music faces antitrust scrutiny in NY, Connecticut Wednesday, 10 Jun 2015 | 12:54 AM ET

    June 10- The attorneys general of New York and Connecticut are investigating Apple Inc's negotiations with music companies to look for signs of potential antitrust violations. In a letter to the New York Attorney General, Universal Music Group said it had no agreements with Apple or music companies like Sony Music and Warner Music that would impede the...

  • WASHINGTON, June 5- Data stolen from U.S. government computers by suspected Chinese hackers included security clearance information and background checks dating back three decades, U.S. officials said on Friday, underlining the scope of one of the largest known cyber attacks on federal networks. The breach of computer systems of the Office of Personnel...

  • WASHINGTON, June 5- Computer Sciences Corp agreed to pay $190 million to settle civil accounting fraud charges alleging the company manipulated its financial results to hide problems with one of its high-profile contracts, U.S. regulators announced on Friday. "The company installed new leadership in 2012, made adjustments to prior period financial...

  • WASHINGTON, June 5- Hackers broke into U.S. government computers, possibly compromising the personal data of 4 million current and former federal employees, and investigators were probing whether the culprits were based in China, U.S. officials said on Thursday. Cyber investigators linked the breach to earlier thefts of healthcare records from Anthem Inc, the...

  • WASHINGTON, June 5- Hackers broke into U.S. government computers, possibly compromising the personal data of 4 million current and former federal employees, and investigators were probing whether the culprits were based in China, U.S. officials said on Thursday. Cyber investigators linked the breach to earlier thefts of healthcare records from Anthem Inc, the...

  • WASHINGTON, June 4- Hackers broke into U.S. government computers, possibly compromising the personal data of 4 million current and former federal employees, and investigators were probing whether the culprits were based in China, U.S. officials said on Thursday. In the latest in a string of intrusions into U.S. agencies' high-tech systems, the Office of Personnel...

  • WASHINGTON, May 29- A senior U.S. Internal Revenue Service official said on Friday he is "fairly confident" there will be another round of indictments in the criminal investigation into alleged corruption within soccer's governing body, FIFA, the New York Times reported. "I'm fairly confident that we will have another round of indictments," Richard Weber, the chief...

  • U.S. INTERNAL REVENUE SERVICE OFFICIAL SAYS HE IS "FAIRLY CONFIDENT" THERE WILL BE ANOTHER ROUND OF INDICTMENTS IN FIFA INVESTIGATION- NEW YORK TIMES.

  • Parker Gilbert, former Morgan Stanley chairman, dies Friday, 29 May 2015 | 4:18 PM ET

    A stepson of firm co-founder Harold Stanley, Gilbert was born in New York City in 1933. He received an undergraduate degree from Yale in 1956 and joined the U.S. Army intelligence service before going to work for the firm in 1960.. In January 2005 Gilbert hosted a meeting of retired and current executives at his home to discuss Purcell's management and what had...

  • MELFI, Italy, May 28- Fiat Chrysler Chief Executive Sergio Marchionne is convinced there will be another merger deal in the carmaking industry within the next three years, he said on Thursday, not denying reports that he sent an email earlier this year courting U.S. rival General Motors. "I am absolutely certain that before 2018 there will be a merger," Marchionne...

  • SAN FRANCISCO, May 27- Wearable fitness tracking device maker Fitbit Inc is being accused by rival Jawbone of attempting to steal core confidential data about Jawbone's business, according to a lawsuit filed on Wednesday. The lawsuit, filed in San Francisco Superior Court, alleges Fitbit engaged in a clandestine effort to steal talent, trade secrets and...