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Prosecutors told the court that they considered Douglas Hodge, the ex-CEO of PIMCO, among the "most culpable" of the parents charged. He has been sentenced to nine months in prison.

A federal lawsuit alleging racial discrimination in Harvard University's admissions process goes to court this week. It could have big consequences for higher education.

Employees at several Google offices around the world have begun a series walkouts today, protesting the company's handling of sexual harassment claims.

The project involved 44 schools, the names of which a panel had decided honored figures linked to racism or oppression.

It's been a busy week in college basketball, complete with a Cinderella, a gruesome injury and a head coach's exit. We wonder: How do colleges spin the unpredictable news of sports?

Ford is taking a big step into the alternative fuel world with an F-150 pickup truck that can run on natural gas. If it succeeds, the move could have repercussions for the broader auto industry.

Steinway Musical Instruments is on the auction block and a mystery bidder, rumored to be hedge fund manager John Paulson, appears to have the winning bid at $458 million. Ilya Marritz explains why the fairly healthy company is seeking a buyout in the first place.

With the city's parking meter lease making voters leery of new privatization deals, Mayor Rahm Emanuel called for too many public interest protections in the Midway Airport lease, and too few investors saw it as worth the risk. Increasingly, though, governments turn to private investors to run public assets like roads and prisons.

The White House announced Tuesday that President Obama will nominate Federal Reserve Vice Chairwoman Janet Yellen to chair the Federal Reserve Wednesday. She would replace Ben Bernanke, who's stepping down from the post. Yellen has been the presumptive nominee for weeks, after Lawrence Summers announced his intention to remove himself from the running in September. She'd be the first woman to head the Fed.

It's not yet clear when Health and Human Services Secretary Kathleen Sebelius will testify before Congress. But it won't be soon enough for the Republicans who are calling for her resignation as a result of the Internet mess that is HealthCare.gov.