Shortly after she took over as chief executive officer of Harvard Management Co. on July 1, 2008, Jane Mendillo gathered the university endowment’s 200- member staff for a town-hall-style meeting at the Federal Reserve Bank Building in downtown Boston, across the Charles River from Harvard University.
Pennsylvania became the 25th state to have gay marriage declared legal by voters, lawmakers or courts when a judge struck down its ban, evenly dividing the nation almost a year after a U.S. Supreme Court ruling triggered a flood of lawsuits.
Aaron J. Garcia, a 2009 graduate of Harvard College, passed up offers from consulting and marketing companies paying $20,000 more than he gets teaching chemistry and physics in Brownsville, Texas on the Mexican border.
New York City Transitional Finance Authority, which helps the most populous U.S. city raise funds for capital projects, led states and municipalities selling about $10 billion of debt this week as issuers took advantage of tax-exempt yields falling to two-month lows.
Arizona , which last week won popular backing for its first tax increase in 10 years, is selling $449.3 million in lottery revenue bonds to help close a budget deficit that last year led to credit rating downgrades.
Build America Bond sales swelled this week to the highest of the year as issuers marketed about $3 billion in debt, even as subsidy offsets and the prospect of Internal Revenue Service audits cast a shadow over the market.