ADP July Jobs Miss Keeps Pressure On Fed Hiking Timing
ADP reports 185000 private jobs added in July, below economists’ 215000 forecast, while ISM notes service activity and hiring surged at the fastest pace since 2005. Analysts expect Friday’s payrolls to show about 225000 jobs, keeping Fed rate hike expectations for September intact unless data sharply disappoints.
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Fed
ADP
Labor Department
Jesse Hurwitz
Barclays Capital
ADQ
Hurwitz
Institute For Supply Management
Madoff defendant Lipkin gets six months in prison
The last defendant charged in the Bernard Madoff case, Irwin Lipkin, 77, was sentenced to six months in prison after pleading guilty to falsifying records as a comptroller for Madoff’s firm. He is among 15 defendants linked to the Ponzi scheme that defrauded investors of billions. Madoff has served a 150 year sentence since 2009.
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Madoff
Bernard Madoff
Irwin Lipkin
CEO pay gap widens as CEOs earn up to 800 times worker pay
A USA TODAY analysis finds the average CEO at S and P 500 firms earns 216 times the median employee. Nine CEOs including Zaslav and Chipotle leaders exceed 800 times. The rule requiring disclosure of CEO to worker pay ratios was approved, spotlighting vast pay disparities and prompting investor and worker scrutiny.
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Discovery Communications
Chipotle
Steven Ells
Montgomery Moran
Larry Merlo
CVS Health
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Bloomberg Business Week
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Discovery
Zaslav
Glassdoor.com
Ells
Moran
Starbucks
Howard Schultz
Schultz
Glassdoor
SEC
Rates update spotlight from Bankrate as U S holds steady
United States rates outlook is summarized with Bankrate sources. Jae Ya Ng and Veronica Bravo note current borrowing costs and market cues as of Wednesday. The snapshot highlights consumer lending conditions and policy expectations affecting households and small businesses.
MENTIONED IN THIS ARTICLE
Federal Reserve
Motorola Solutions Partners with Silver Lake in $1 Billion Investment
Motorola Solutions announced a $1 billion investment from private equity firm Silver Lake to accelerate growth in next generation smart public safety solutions. Egon Durban and Greg Mondre of Silver Lake will join Motorola's board, with closing expected in Q3 2015.
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Greg Brown
Motorola Solutions
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Egon Durban
Greg Mondre
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Source Bankrate.com
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NG and
Veronica Bravo
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