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In separate lawsuits, US authorities targeted the nation's largest student loan company Wednesday, alleging it failed to help borrowers and illegally cheated some into making bigger loan payments than needed. The Consumer Financial Protection Bureau and the state of Illinois sued Navient, a loan servicer that used to be a part of Sallie Mae. The company holds $300 billion of the nation's $1.4 trillion in student loan debt — accounting for 12 million borrowers.
Netflix added a record seven million subscribers over the past quarter as part of its global expansion drive, fueling a surge in revenue and profit for the streaming television giant. California-based Netflix said in its quarterly report Wednesday it ended the year with nearly 94 million subscribers, adding five million outside the United States in the last three months of the year. "This was the largest quarter of net additions in our history and was driven by strong acquisition trends in both our US and international segments," Netflix said in its quarterly update.