Beijing’s usually clotted skies were relatively clear for a few days, a welcome improvement that some residents of the Chinese capital generously attributed to the presence of American First Lady Michelle Obama.
Federal Reserve Chair Janet Yellen says she doesn’t disagree with her predecessor on the substance of monetary policy. She does differ in style, which may prove important if the market reaction to her debut press conference is indicative.
Marvell Technology Group Ltd., a mobile-phone chipmaker, lost its bid to cut $620 million from the $1.17 billion patent-infringement verdict awarded to Carnegie Mellon University over computer disk-drives.
The Federal Reserve this month will take a step toward revealing more about its oversight of the financial system, an area where the central bank has yet to match the strides it has taken toward transparency in monetary policy.