It has been almost four years since Unity Bancorp Inc. got $21 million of bailout funds as part of the government’s Troubled Asset Relief Program. The small New Jersey lender hasn’t repaid the money. But it has stayed out of trouble, unlike some people who once audited its books.
Somalia’s new government, greater naval cooperation and more armed security aboard ships has cut piracy to the point that pirates have had no successful hijacks this year, according to a group formed to stop the attacks.
First Solar Inc. and SunPower Corp., the two largest U.S. solar companies, said restructuring efforts this quarter will improve 2012 results after posting first- quarter losses that exceeded analyst’s estimates.
Career Education Corp. and investors who sued the for-profit college operator for making misleading statements about graduates’ job-placement rates received preliminary court approval of a $27.5 million settlement.