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Business

  • Yellen sees economy as hazy
    JACKSON HOLE, Wyo. – If anyone thought Janet Yellen might clarify her view of the U.S. job market in her speech Friday, the Federal Reserve chair had a message:The picture is still hazy.
  • Rib Room building sold; eatery to remain
    The owner of the Rib Room, 1234 E. State Blvd., has sold the building that houses the restaurant to local real estate investors Matt, Kurt and Chris Henry, according to a statement Friday.
  • McDonald's names Logan's CEO to lead its U.S. unit
    CHICAGO – McDonald’s Corp. said Friday that longtime restaurant executive Mike Andres will take over as president of the chain’s U.S. operations, which have struggled to boost sales amid increased competition.
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Week Ahead

Monday

•Commerce Department releases personal income and spending for March

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

Tuesday

•Labor Department releases the first-quarter employment cost index

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

•The Conference Board releases the Consumer Confidence Index for April

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

Wednesday

•Institute for Supply Management releases its manufacturing index for April

•Commerce Department releases construction spending for March

•Federal Reserve policymakers meet to set interest rates

•Automakers release vehicle sales for April

Thursday

•Labor Department releases weekly jobless claims

•Labor Department releases first-quarter productivity data

•General Motors Co. reports quarterly financial results

Friday

•Labor Department releases employment data for April

•Institute for Supply Management releases its service sector index for April

•Commerce Department releases factory orders for March

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