Student Lender Nelnet to Cut 300 Jobs (AP via Yahoo! Finance)

Peco's profit fell 5 percent in the fourth quarter because of higher operating and maintenance costs, primarily for labor, parent company Exelon Corp. said yesterday.
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Nelnet Plans to Cut 300 Jobs (KOLN Lincoln)

Student lender Nelnet will cut 300 jobs to reduce its operating expenses in light of the tightening credit markets.
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Credit crunch hits another local student lender (Crain's Chicago Business)

(Crain's) -- Another student lender here has succumbed, at least temporarily, to the credit crunch. National Education Servicing LLC stopped funding new loans last week, according to its Web site. Its move mirrors the decision by FinanSure Student Loans to stop processing applications in ...

Business Briefing (Seattle Post-Intelligencer)

Boeing wins U.S. contract for rocket launch service ... Toy company agrees to pay $30 million to settle suit ... Nelnet plans to cut 300 jobs, suspend loan consolidations ... plus shipping news

Student lender Nelnet plans to cut 300 jobs (The Standard-Times)

OMAHA, Neb. — Student lender Nelnet Inc. said Wednesday that battered credit markets and new federal regulations are forcing it to cut 300 more jobs and suspend loan consolidations.