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Business

  • China detains employees of suspect meat seller
    Five employees of a company accused of selling expired beef and chicken to McDonald’s, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the
  • Meat supplier in China scandal has global reach
    It isn’t a household name, but the company at the center of a food scandal in China helps make some of the world’s most popular foods, including the Big Macs and Quarter Pounders served at McDonald’s locations.
  • IMF sees US growth at weakest since recession
    U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter.
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Week Ahead

Today

•Commerce Department releases durable goods for December

•National Association of Realtors releases pending home sales index for December

Tuesday

•Standard & Poor’s releases S&P/Case-Shiller index of home prices for November

•The Conference Board releases the Consumer Confidence Index for January

•Federal Reserve policymakers begin a two-day meeting to set interest rates

Wednesday

•Commerce Department releases fourth-quarter gross domestic product

Thursday

•Labor Department releases weekly jobless claims

•Freddie Mac, the mortgage company, releases weekly mortgage rates

•Commerce Department releases personal income and spending for December

Friday

•Labor Department releases employment data for January

•Institute for Supply Management releases its manufacturing index for January

•Commerce Department releases construction spending for December

•Automakers release vehicle sales for January

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