Employment in the U.S. unexpectedly stagnated in August, increasing pressure on Federal Reserve Chairman Ben S. Bernanke and President Barack Obama to spur an economy that’s barely growing two years into the recovery.
The U.S. economy probably grew at a 2 percent annual pace in the first three months of the year as the jump in food and fuel costs slowed consumer spending, according to a revised forecast by economists at Barclays Capital Inc. in New York.
JPMorgan Chase & Co . revised down its first-quarter growth estimate for the U.S. economy to an annual rate of 3.5 percent from a prior forecast of 4 percent, according to chief U.S. economist Michael Feroli .
Media General Inc., the publisher of the Tampa Tribune and Winston-Salem Journal newspapers, is planning to sell high-yield, high-risk debt as media companies lead issuance in the U.S. junk-bond market.