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Today's Financial News

Because of application mistake, some Pell Grant recipients might not be eligible after all

3 hours ago

WASHINGTON (AP) — Potentially tens of thousands of students awarded a Pell Grant or other need-based federal aid for the coming school year could find it taken away because of a mistake in filling out the form. Many applicants unnecessarily entered a decimal point and cents that the system ignored. The error led to students being declared eligible for aid when they are not — and ineligible when they are.

Because of application mistake, some Pell Grant recipients might not be eligible after all

3 hours ago

WASHINGTON (AP) — Potentially tens of thousands of students awarded a Pell Grant or other need-based federal aid for the coming school year could find it taken away because of a mistake in filling out the form. Many applicants unnecessarily entered a decimal point and cents that the system ignored. The error led to students being declared eligible for aid when they are not — and ineligible when they are.

Clippers' interim CEO says Sterling staying owner would drive out coach, bring 'disaster'

3 hours ago

LOS ANGELES (AP) — Coach Doc Rivers has said he'll resign from the Los Angeles Clippers if Donald Sterling remains owner, the team's interim CEO testified, saying such a move would be a "disaster" for the franchise. His testimony was a rare foray into the basketball side of the Clippers at a probate court trial that has focused on the narrow question of whether Sterling's wife, Shelly, can sell the team for $2 billion to former Microsoft CEO Steve Ballmer as the NBA looks to force Donald Sterling from the league over racist statements.

Details and models affected by 6 General Motors recalls announced Wednesday

3 hours ago

General Motors announced six more recalls Wednesday, bringing its total so far this year to 60, affecting nearly 30 million vehicles. — 475,161 total. Covers Chevrolet Equinox, GMC Terrain and Cadillac SRX models from the 2010 through 2012 model years, as well as the 2011-2012 Chevy Camaro, Buick Regal and Buick LaCrosse. Bolt securing driver and front passenger seats can fall out, and seat can move up and down freely. GM knows of one crash and three injuries caused by the problem. Drivers should use height adjustment until dealer scan replace the bolt.

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