New Jersey Governor Chris Christie, who toppled Democrat Jon Corzine in 2009 as voters grew weary of the state’s economic slump, may be on the wrong end of the same issue as he seeks a second term in November.
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.
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.
U.K. stocks climbed, rebounding from a three-day selloff, amid speculation a downgrade of Spain’s credit rating will encourage the country to seek a bailout and as U.S. jobless claims slid to a four-year low.
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.
U.K. stocks rallied the most in two week, led by banks and mining companies, as two German lawmakers said the country is open to Spain’s seeking a credit line and U.S. industrial production topped economist forecasts.