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PRESS DIGEST- New York Times business news - May 26
May 26, 2017 / 5:10 AM / 7 months ago

PRESS DIGEST- New York Times business news - May 26

May 26 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- The Trump administration is considering moving responsibility for overseeing more than $1 trillion in student debt from the Education Department to the Treasury Department, a switch that would radically change the system that helps 43 million students finance higher education.

- A Seattle law firm that specializes in suing automakers has filed a class-action lawsuit against General Motors Co , accusing the company of programming some of its heavy-duty pickup trucks to cheat on diesel emissions tests.

- Companies are sticking by Fox News's Sean Hannity as he promotes his conspiracy theory surrounding the murder of a DNC staff member, claiming he is not violating their core values.

- Saudi Arabia's largest sovereign wealth fund will make a $20 billion investment in a new Blackstone Group LP infrastructure project, which could then double in size.

- The Organization of the Petroleum Exporting Countries (OPEC) extended oil production cuts through March 2018, after a meeting in Vienna on Thursday. The move follows a decision this month by Saudi Arabia and Russia to do so. (Compiled by Bengaluru newsroom)

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