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Former Bank of Canada Governor David Dodge said the increase in spending in the federal government’s new budget will make the central bank’s battle against rising prices more difficult.
Sales of previously-owned homes in the US fell in March from a one-year high, underscoring the lingering impact of high mortgage rates and elevated prices.
Mortgage rates in the US climbed past 7% for the first time this year.
Mortgage shopping isn’t getting much easier these days.
Blackstone Inc. collected more fees from big retail funds and credit strategies during the first quarter, compensating for the slower pace of deal exits.
Nov 9, 2018
, Bloomberg News
(Bloomberg) -- Mitt Romney was elected to represent Utah in the U.S. Senate this week. Now Marriott International Inc. is losing a board member.
Romney said he is resigning because his new job means he won’t be able to “commit sufficient time and attention to Marriott and its shareholders,” according to a filing. The company reduced the size of its board from 14 to 13 directors.
The former presidential nominee has been juggling public service and board commitments to Marriott for years. He first served as a Marriott director from 1993 to 2002, leaving after being elected governor. He served again from 2009 to 2011, ran for president, then rejoined the hotel company’s board in 2012.
Romney’s connection to Marriott predates his service on the board: His given name, Willard, was in honor of J. Willard Marriott, a friend of Romney’s father and founder of the hotel company.
To contact the reporter on this story: Patrick Clark in New York at pclark55@bloomberg.net
To contact the editors responsible for this story: Debarati Roy at droy5@bloomberg.net, Christine Maurus, Daniel Taub
©2018 Bloomberg L.P.
