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.
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.
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.
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.