Business

New College hosting Fannie Mae economist; CoworkLWR incubator hosts party

New College

brings in

Fannie Mae

economist

SARASOTA -- Douglas Duncan, one of the nation's leading experts on the housing and mortgage market, will conclude the New Topics New College discussion series with "Putting Housing Into Context," a talk from 5:30 to 7 p.m. Thursday at New College of Florida's Sainer Pavilion, 5313 Bay Shore Road.

New Topics is a collaboration of the New College Foundation and New College of Florida, featuring national speakers on relevant topics. The talk is sponsored by Cumberland Advisors, the Global Interdependence Center and New College.

Duncan is senior vice president and chief economist at Fannie Mae, the government-backed mortgage securitizing corporation, and is chair of the Fannie Mae Corporate House Price Forecast Committee. He is responsible for providing all forecasts and analyses on the economy, housing, and mortgage markets for Fannie Mae. He also oversees corporate strategy and is responsible for strategic research regarding external factors and their potential impact on the company and the housing industry.

He has been named one of Bloomberg/BusinessWeek's 50 Most Powerful People in Real Estate.

Admission: $20. Reserve tickets at donate.ncf.edu or by calling 941-487-4000.

CoworkLWR incubator to host pre-kickoff party

CoworkLWR, a coworking space, startup incubator and recording studio, will host a pre-kickoff party from 5-7 p.m. Friday at the Polo Grill Bar, 10670 Boardwalk Loop.

The event will feature DJ Kaiju, door prizes, complimentary small plates from the Grill and two complimentary drink tickets for guests who RSVP.

CoworkLWR hopes "to provide an innovative environment for startups, entrepreneurs and creatives to work in harmony and promote collaboration," according to a release from CoworkLWR.

The space will open on June 1. Other features include video production equipment, a conference room, an open workspace, a hightop working bar and startup services offered through its parent company, UTC Venture Group.

For more information about the space and the event, visit coworklwr.com.

SEC may reduce required company earnings reports

NEW YORK -- It's a regular Wall Street event: companies announce their quarterly earnings. Stocks can rise or plunge based on the results. And three months later it all happens again.

But regulators are wondering if it's time for a change.

The Securities and Exchange Commission said it may change those rules, citing drawbacks to the requirements, like the cost to prepare the reports and important information gets lost in the flood of information.

The SEC didn't propose any specific new rules or commit to making changes yet.

-- Herald wire reports

Starbucks expresses confidence in rewards overhaul

NEW YORK -- Starbucks expressed confidence that an overhaul of its rewards program will drive up sales over the long term, but warned the transition could be bumpy.

The company reported disappointing sales growth Thursday for the first three months of the year. Global comparable sales rose 6 percent, including a 7 percent increase in its flagship U.S. market.

While the reward changes went into effect just last week, Starbucks said early signs are encouraging and that customer spending is up across loyalty program members, including those who stood to lose out from the change.

McDonald's US sales jump, boosted by all-day breakfast

NEW YORK -- McDonald's said U.S. sales jumped in the first quarter as it raised prices, worked on improving service and benefited from the popularity of its all-day breakfast menu.

Sales rose 5.4 percent at established U.S. locations, marking the third straight quarter the figure has climbed.

As part of its push to stage a comeback, McDonald's CEO Steve Easterbrook said the company is sparing no detail in looking at ways to step up operations. The most notable change has been the company's launch of an all-day breakfast menu in the U.S. last fall. The company also introduced a "McPick 2" value deal this year to draw the price-conscious customers it had lost after abandoning the Dollar Menu.

-- Herald staff, wire reports

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