Student loans

The variable rates for Federal Stafford and PLUS Loans were lowered on July 1. According to FinAd, a Web site devoted to financial aid, said the existing interest rates on the Stafford Loan are 6.62 percent during in-school and grace periods and 7.22 percent during the repayment period. The current interest rate on the PLUS Loan is 8.02 percent. 

Read more details about the lowered interest rates at FinAid and Student loan rates will decrease July 1

Siemens to slice nearly 17,000 jobs

Siemens AG announced Tuesday it plans to cut approximately 16,750 jobs, or 4.2 percent of its worldwide work force, to save on operations and cut roughly $2 billion in cost. The job cuts are the result of a slowing economy, according to the Germany-based technology company. 

All About Siemens A G ADR
NYSE: SI
CEO: Dr.-Ing. Heinrich Heisinger, 48
Industry: Technology