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News Update
Electric carmaker Tesla pays off U.S. loan
By Ben Klayman DETROIT (Reuters) - Electric carmaker Tesla Motors Inc on Wednesday paid off its U.S. Department of Energy loan nine years earlier than required, using money raised last week in a stock and debt offering. The automaker said on Wednesday that it wired $451.8 million to repay the full loan with interest. ...
World Bank proposes $150 million loan to help Jordan with refugees
By Lesley Wroughton WASHINGTON (Reuters) - The World Bank has proposed a $150 million loan for Jordan to help it with the cost of thousands of Syrian refugees fleeing the civil war in Syria, Jordanian and World Bank board sources said on Wednesday. "The (World Bank) board should act on it in June," one source told Reuters. "Pressure on Jordan is increasing and the loan should help ease the ...
Service Members Battle Student Loan Debt at Home
Many of our service members return home to combat other adversaries, from suffering post-traumatic stress to struggling to find employment. Many also shoulder a heavy burden of student loan debt.
In Search for Yield, Interest Rises for Bank Loan Funds
The Federal Reserve is not ready to move yet, but when it does raise interest rates, bank loan funds will be one of just a handful of investments that are "well-positioned to participate in rising rates," says Jeff Bakalar, who heads ING's loan funds unit that includes the flagship ING Senior Income Fund.
Obama threatens to veto Republican student loan plan
By Elvina Nawaguna WASHINGTON (Reuters) - The White House threatened on Wednesday to veto a Republican bill to switch federal student loan interest rates to a market-based system, arguing the plan would create more uncertainty for students and families. Under the legislation introduced by Republican Representatives John Kline of Minnesota and Virginia Foxx of North Carolina, subsidized and ...
