Career Education Corp. to Sell Le Cordon Bleu

Career Education Corp. on Thursday said it plans to sell Le Cordon Bleu, a chain of 16 culinary campuses. The company, which is one of the largest publicly traded for-profits, said in a written statement that the planned sale would allow it to "reallocate funds across our portfolio." Le Cordon Bleu is one of Career Education's better-known brands. With a current enrollment of 10,100 students, the culinary schools brought in $178 million in total revenue last year.