The Education Department (ED) is discharging $1.1 billion for 115,000 defrauded former students of the for-profit ITT Technical Institute (ITT) after a new review of existing regulations. ITT Technical Institute filed for bankruptcy in 2016 and shut down all campuses, affecting 149 locations and roughly 40,000 students, amid lawsuits and investigations over alleged predatory lending practices. “For years, ITT hid its true financial state from borrowers while luring many of them into taking… Source link

There’s something so satisfying about slapping a flip phone shut. And while I’m hesitant to snap Samsung’s new Galaxy Z Flip3 closed as hard as I would the LG phone flip phone I had in 2002, it still managed to scratch that itch. Available for pre-order now and on sale Aug. 29 for $999, the Z Flip3 is the second generation of the Z Flip line following the original Z Flip and Z Flip 5G. Like Samsung’s Galaxy Z Fold3, which I previously reviewed, the Z Flip3 gets some much needed… Source link

Google is infamous for spinning up products and killing them off, often in very short order. It’s an annoying enough habit when it’s stuff like messaging apps and games. But the tech giant’s ambitions stretch into many domains that touch human lives these days. Including, most directly, healthcare. And — it turns out — so does Google’s tendency to kill off products that its PR has previously touted as ‘life saving’. To wit: Following a recent reconfiguration of… Source link

Small businesses in America can still capitalize on the pandemic stimulus program offered by the federal government, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman told Yahoo Finance in a new interview. “We still have billions of dollars in relief in our COVID idle program,” said Guzman, who began her term under President Joe Biden in March after serving as the Director of the California Office of the Small Business Advocate. The SBA initiatives —… Source link

with Aaron Schaffer Welcome to The Technology 202! The newsletter is taking a brief summer break next week. We’ll be back in your inboxes full time after Labor Day. Thanks for reading. A proposal in South Korea aimed at reining in the power of Google’s and Apple’s app stores could serve as a test case for U.S. policymakers actively considering similar measures — or prove to be a cautionary tale.  A South Korean National Assembly committee on Wednesday voted to advance legislation that, if… Source link

Following the new foreign direct investment (FDI) rules, Yahoo has shut down its news websites in India. This includes Yahoo News, Yahoo Cricket, Finance, Entertainment and MAKERS India. This, however, will not affect users’ Yahoo e-mail, and search experiences in India. The new FDI rules limit foreign ownership of media firms that operate and publish digital content in India. On visiting the Yahoo website, a notice reads: “As of August 26th, 2021… Source link

Esther George, president of the Federal Reserve Bank of Kansas City, joined Yahoo Finance on the virtual sidelines of the annual Jackson Hole symposium to discuss the impact of the Delta variant on the U.S. economy and how the Federal Reserve is responding. Below is a transcript of her appearance, taped on August 25 and aired on August 26. – BRIAN CHEUNG: Joining us now is the Federal Reserve Bank of Kansas City President Esther George. President George, how are you? ESTHER GEORGE: I’m well…. Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, August 26, 2021 Buybacks are making a comeback In the years before the COVID-19 pandemic, one of the biggest sources of buying power in the stock market were the companies themselves.  At the post-crisis buyback peak of March 2018, members of the S&P 500 had spent a collective $823.2 billion repurchasing shares of their own company over… Source link

Yahoo said on its FAQ page it did not come to this decision lightly but has been impacted by changes to regulatory laws in India that limit foreign ownership of media companies. Web service provider Yahoo said it is shutting down its news operations in India on August 26 citing new Foreign Direct Investment (FDI) regulations. (Subscribe to our Today’s Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.) Yahoo will shut down its services including… Source link

New Delhi: Yahoo has shut down its news websites in India due to the new foreign direct investment rules that limit foreign ownership of digital content platforms in the country. These include Yahoo News, Yahoo Cricket, Yahoo Finance, Entertainment and MAKERS India. This, however, will not affect Yahoo Mail and Search in India. “As of August 26th, 2021, Yahoo India will no longer be publishing content. Your Yahoo Account, Mail and Search experiences will not be affected in any way and will… Source link