Eight universities will reimburse students over $3 million to settle charges that they accepted kickbacks to steer them toward "preferred lenders." Citibank is paying up too, but many other schools and lenders are still under investigation.
The Supreme Court takes up a case today that could have big implications on Wall Street. Investment banks are accused of conspiring to inflate IPO prices during the '90s dot-com boom and subsequent bust. And a whole lotta money hangs in the balance.
Oracle is suing rival software giant SAP, saying it hacked into its support sites with Oracle customer logins. SAP allegedly accessed proprietary information and then used it to undercut Oracle rates in order to steal its customers.