Sylvia Mathews Burwell, President Barack Obama’s choice to be his next secretary of Health and Human Services, brings experience in budgeting and management and one other important qualification: proven ability to get confirmed by a divided U.S. Senate.
Hedge funds, low-income borrowers and municipalities face steeper costs from global rules enacted after the financial crisis as banks stand to benefit, said JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon.
Mitsui Fudosan Co., Japan’s largest property developer by sales, reported defects in a residential complex being built by Shimizu Corp. and will start repairing those parts this month, Kawasaki City said in a statement.
Nairobi’s top traffic cop, Edward Mwamburi, called it the most stressful day of the year: the last day of last month fell on a Friday, meaning paychecks were banked and motorists were ready to party. That made the city’s clotted roads even more chaotic than usual.
The Federal Home Loan Bank of New York, one of the 12 government-chartered cooperatives that jointly raise money in the bond market to lend to banks and insurers, named Jose R. Gonzalez president and chief executive officer, replacing Alfred A. DelliBovi, who will retire after 21 years running the bank.