UPDATE 2-Mexico holds rate steady despite higher inflation

(Reuters) - MEXICO CITY, July 27 - Mexico's central bank held
the key overnight interest rate steady at 7.25 percent on
Friday, but warned that it would boost rates if necessary just
days after reporting that inflation had nudged into its danger
zone.




The bank said it sees inflation, which has been stubbornly
trending higher, closing in on its long-term 3 percent target
by the end of 2008 even though food prices are still volatile.


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UPDATE 1-Biotech crop sector sets standards, seeks to ease fears

(Reuters) - KANSAS CITY, Mo., July 25 - U.S. biotech crop
companies on Wednesday unveiled a plan for new industry
standards at a time when the sector faces unfavorable court
rulings and concerns that lax government oversight is allowing
contamination of crops used in food and animal feed.




Leaders of the Biotechnology Industry Organization
and executives with Monsanto Co. and DuPont Co. ,
two biotech crop giants, said they hoped the plan, which
includes third-party auditing, will help agricultural players
around the world feel confident that biotech crop development
is subject to stringent safety standards.


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UPDATE 1-Johns Hopkins to pay to settle student-loan probe

(Reuters) - The settlement is the latest in a nationwide probe of
conflicts of interest in the $85 billion student loan industry.
Twenty-six schools and seven lenders, including Sallie Mae
, JPMorgan Chase and Bank of America ,
have reached agreements with New York Attorney General Andrew
Cuomo.




The latest agreement resulted from Cuomo's findings that
Ellen Frishberg, the director of student financial services at
Johns Hopkins, was improperly promoting a lender, Student Loan
Xpress, after the company paid her more than $65,000 in
consulting fees and other payments, the AG's office said.
Student Loan Xpress is now a unit of CIT Group Inc. .


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Johns Hopkins to pay to settle student-loan probe

(Reuters) - The settlement resulted from Cuomo's findings that Ellen
Frishberg, the director of student financial services at Johns
Hopkins University, was improperly promoting a lender, Student
Loan Xpress, after the company paid her more than $65,000 in
consulting fees and tuition payments, the AG's office said.




Student Loan Xpress is now a unit of CIT Group Inc.



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