The nation’s second largest for-profit educator, Education Management Corporation – the operator of chains like Brown Mackie College, Argosy University and the Art Institutes – will stop enrolling students at most of its Brown Mackie locations while “teaching out” the students that remain. [More]
Bloomberg is reporting that Office Depot will close 10%, or 122, of its stores and cut 2,200 jobs as a result. They will also close 6 distribution centers. [Bloomberg]
The Truth About Mortgage has been compiling a list of mortgage lending layoffs and closures since the end of February and the effect is staggering. The list, last updated today, now has over 250 entries. Anyone looking for a quick and easy way to freak out about the mortgage market need look no further than this list.