Economists back Yellen for Fed Reserve chair
A letter to President Obama calling on him to nominate Federal Reserve Vice Chairman Janet Yellen to be the Fed's next chairman has been signed by more than 350 economists. The letter is designed to draw attention back to Yellen amid signs that Obama is leaning toward nominating his former economic adviser Larry Summers, a former Harvard president.
Delay for GOP stopgap spending plan
A revolt by Tea Party conservatives forced House GOP leaders yesterday to delay a vote on a temporary spending bill required to prevent a government shutdown next month. GOP leaders pulled the measure from the House schedule after initial vote counts showed them running into opposition from several dozen staunch conservatives.
Firm to answer SEC on 38 Studios
Rhode Island's economic development agency hired legal counsel to respond to an inquiry from the federal Securities and Exchange Commission about its $75 million loan guarantee to former Red Sox pitcher Curt Schilling's failed video game company.
Economic Development Corp. spokeswoman Melissa Czerwein said yesterday the agency retained a law firm to respond to the inquiry. She would not provide details about what the SEC asked for or say whether there is a formal investigation.
TODAY
- Labor Department releases weekly jobless claims.
- Freddie Mac releases weekly mortgage rates.
- Treasury releases federal budget for August.
- Kroger Co. reports quarterly financial results.
TOMORROW
- Commerce Department releases retail sales data for August.
- Labor Department releases the Producer Price Index for August.
- Commerce Department releases business inventories for July..
THE SHUFFLE
- J Barrett & Co. announced that full-time real estate agent Debbie Aminzadeh, left, has joined the agency in its Beverly Farms office. Aminzadeh has a sales background working in the health care technology industry after receiving a master's degree in business administration from Boston University..
- Schneider Associates, a Boston public relations and integrated marketing agency, announced the hiring of Hanna Heycke as an account coordinator. Heycke is responsible for day-to-day account administration and media outreach.
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