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Entries for November, 2011

Banks scrambling to serve tablet users

Devin Davis wanted to use his tablet for his online banking. But after one too many botched transfers from account to account — because of the imprecision of using the touchscreen without an application designed for the tablet — he went back to his laptop.
“I found myself going to my [...]

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Life credits put a price tag on experience, help older workers

Jeff Gentz, a pilot for United Parcel Service, wanted to get his college diploma if he was going to keep lecturing his teenage daughter about the importance of a university degree.
So Gentz, a 42-year-old father of four in Neenah, Wisconsin, joined a growing number of mid-career students who are seizing [...]

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Vulture funds scour Greek opportunities

Distressed debt funds are building up blocks of Greek government bonds with an eye to holding out against, and ultimately profiting from, a restructuring of Greece’s debt.
So-called “vulture funds” have had success in holding out against past sovereign restructurings, including those carried out by Argentina and Peru. Now, as negotiations have intensified [...]

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U.S. credit raters set back on First Amendment

A federal judge has said credit ratings are not always protected opinion under the First Amendment, a defeat for credit rating agencies in a lawsuit brought by investors who lost money on mortgage-backed securities.
The November 12 decision was a little-noticed setback for McGraw-Hill Cos’ Standard & Poor’s, Moody’s Corp’s [...]

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