Jeanina Jenkins, a 20-year-old high- school graduate from St. Louis, is stuck in a $7.82-an-hour part-time job at McDonald’s Corp. that she calls a “last resort” because nobody would offer her anything better.
Efforts by Citigroup Inc. senior executives to tighten controls in Mexico were rebuffed by managers there for at least five years before the U.S. bank found the local unit had suffered a $400 million loan fraud last month, four people with direct knowledge of the matter said.
Federal Reserve Bank of New York President William C. Dudley said he sees a “reasonably favorable” outlook for the U.S. economy, even as elevated joblessness and too-low inflation warrant a high level of stimulus for a “considerable time.”
USA Basketball plans to move to Arizona after 35 years in Colorado. The first step is building parking facilities, which may not generate enough money to repay the municipal bonds financing the construction.
William Dudley, president of the Federal Reserve Bank of New York, said that while harsh weather will slow growth during the first quarter, it won’t harm the economy enough to merit slowing the tapering of bond purchases.
Former U.S. Treasury Secretary Timothy Geithner asked a judge to block a demand by McGraw Hill Financial Inc. and its Standard & Poor’s unit for information tied to their claim that the U.S. sued the companies in retaliation for a downgrade of government debt.