Business briefs: Leadership Manatee accepting applications

Leadership Manatee accepting applications

BRADENTON -- Leadership Manatee is accepting applications for its 2015-16 program.

The program is designed to educate business and community leaders to all aspects of Manatee County and offer in-depth knowledge of our challenges and opportunities. Leadership Manatee is a program of the Manatee Chamber Foundation in partnership with the Bradenton Kiwanis Club.

The deadline to apply is May 22. The application is available online at For information, contact Jahna Leinhauser at 941-748-4842, ext. 172, or email at

U.S. stocks lower amid bond market volatility

NEW YORK -- U.S. stocks are closing slightly lower after recouping much of an early slump.

Investors are beginning to worry about a global sell-off in government bonds that has been driving long-term borrowing costs higher. The benchmark U.S. bond yield touched its highest level since November.

The Dow Jones industrial average lost 36 points, or 0.2 percent, to 18,068 Tuesday.

The Standard & Poor's 500 index gave up six points, or 0.3 percent, to 2,099. The Nasdaq composite declined 17 points, or 0.4 percent, to 4,976.

AOL soared 19 percent after Verizon said it would buy the company. Gap sank 4 percent after saying the strong dollar was hurting its revenue.

European government bond prices fell, pushing yields higher.

Oil rose $1.50 to $60.75 a barrel in New York.

International jubilee set for next week in Sarasota

SARASOTA -- The International Trade and Finance Association will hold its silver jubilee convention at the Hyatt Regency in Sarasota.

Khosrow Fatemi, the dean of business administration at Laredo State University and the association's current president, will discuss the global economy. Members from 17 countries -- including China, India, and Russia -- will present papers and discuss developments in the global economy.

The program, which takes place May 17-20, includes topics such as whether Greece can successfully leave the Eurozone. Scheherazade Rehman, of George Washington University in Washington, D.C., will examine the future of the European economy with Frederick Perry, a professor at Florida International University in Miami.

Other sessions will discuss NAFTA and trade liberalization, migration, finance and banking, anti-trust enforcement, technology diffusion, corruption, and technical barriers to trade.

-- Herald staff and wire reports