MONEY (MSM)

Who killed Heald College?

Heald College, owned by Corinthian Colleges Inc., abruptly closed this spring after a staggering $30 million fine levied by the Department of Education. Yahoo Finance explores the downfall of a 150-year-old institution.

Google wins dismissal of Android privacy lawsuit

Google Inc won the dismissal of a lawsuit by Android users who said the company violated its own privacy policy by disclosing their names, email addresses and account locations to third parties without permission, to boost advertising revenue. In a Wednesday night decision, U.S. Magistrate Judge Paul Grewal in San Jose, California, said the users failed to show that Google transmitted their own personal data or that they would suffer

Europe moves to restore funding to Greece after bailout vote

Europe moved to re-open funding to Greece’s stricken economy on Thursday, hours after a fractious Greek parliament approved a tough bailout program in a vote that left the government without a majority and looking to new elections within months. Prime Minister Alexis Tsipras won the backing of parliament in the early hours of Thursday for the stringent reform measures demanded by Greece’s creditors led by Germany, but was left weakened

Citi posts highest profit since financial crisis, shares rise

Under Corbat, who replaced Vikram Pandit as CEO in 2012, Citi has been selling retail operations in several countries, shrinking its U.S. branch network and disposing of non-core businesses. Operating expenses in Citicorp, which holds the bank’s core businesses, fell 6 percent to $9.8 billion in the second quarter. Citi shrank the assets of Citi Holdings, which houses businesses it plans to sell, by 22 percent compared with 19 percent