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World shares mixed ... GOP senators to unveil their tax cut plan ... Study: more for-profit college students apply for loan forgiveness

November 9, 2017

HONG KONG (AP) — World shares are mixed today after Japan’s stock benchmark failed to sustain a strong rally and as investors monitored U.S. President Donald Trump’s visit to Beijing. European shares were uneven in early trading. France’s CAC 40 edged up 0.1 percent, Britain’s FTSE 100 lost 0.3 percent and Germany’s DAX was nearly flat. In Asia, Japan’s benchmark Nikkei 225 index surged as much as 2 percent to its highest level in more than a quarter century before giving up gains and closing 0.2 percent lower. On Wall Street, Dow and S&P futures are down 0.1 percent.

WASHINGTON (AP) — The Senate version of the Republicans’ high-stakes tax overhaul is set to be unveiled today with billions in tax cuts for people and corporations, a repeal of the federal deduction for state and local taxes, and a likely compression of the personal income tax brackets from seven to four. The House measure, meanwhile, nears approval by the tax-writing committee after last-minute changes by its primary author.

WASHINGTON (AP) — Students who attended for-profit colleges filed more than 98 percent of the requests for student loan forgiveness alleging fraud by their schools. That’s according to an analysis of Education Department data by The Century Foundation. The study represents the most thorough analysis to date of the nearly 100,000 loan forgiveness claims known as borrower defense. It paints an alarming picture of the state of for-profit higher education in America.

ANCHORAGE, Alaska (AP) — China would receive 75 percent of the natural gas from Alaska’s North Slope if a pipeline is built under an agreement signed today in Beijing. Alaska Gov. Bill Walker signed the agreement with Sinopec, Bank of China and China Investment Corp. to advance a natural gas pipeline project. There’s no guarantee a pipeline will be built, but the agreement has given new life to a project Alaskans have wanted for decades to offset declining oil production from the North Slope.

BENTONVILLE, Ark. (AP) — Walmart hopes to tempt shoppers with online deals before Black Friday. It’s beginning some online deals today and plans to offer most of its Black Friday deals online starting at 12:01 a.m. on Thanksgiving. Stores will be open all day on Thanksgiving with in-store deals available at 6 p.m. Walmart is adding a color-coded map of store departments on its circulars that it hopes will make it easier for customers to find items.

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