Fed appoints first black regional president at Atlanta
The Federal Reserve Bank of Atlanta names Raphael Bostic as its 15th president and CEO, effective June 5, making him the first Black head of a Federal Reserve regional bank. He succeeds Dennis Lockhart who retired February 28, with the Atlanta district covering Alabama, Florida, and Georgia plus parts of Louisiana, Mississippi, and Tennessee.
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Length of maternity leave drifting slowly despite high profile policies
The Washington Post report notes some firms offer extended paid leave such as Deloitte 16 weeks Etsy six months Netflix last year 2015 yet overall average weeks of maternity leave among 900 firms edged down over the last decade as more offer 12 weeks or more while pay during leave grew slowly and full pay during leave declined from 17 to 10 percent.
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ADM plans expansion in China to boost fish feed capacity
Archer Daniels Midland Co. the Chicago based food processor and trader, will build a 120000 metric ton per year fish and animal feed plant in Xiangtan central China and add fish feed lines at Nanjing to enter the growing Chinese aquafeed market. The projects aim to diversify earnings and expand in high growth regions with completion expected in 2019.
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Neiman Marcus Eyes Sale As Hud son’s Bay Circles
Neiman Marcus Group in talks with Hudson’s Bay Co about a buyout while excluding its 5 billion in debt. The Dallas retailer is reviewing strategic options amid a quarterly loss of 117.1 million and a 6.8 percent drop in same store sales. The firm restructured to gain flexibility as mall traffic slows.
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Neiman Marcus Eyes Company Sale