As BP transitions to a new CEO, the company is also subtly transitioning to a new, more aggressive strategy when it comes to its liabilities for the Gulf oil spill.
Some encouraging signs for bulls this afternoon at the close as the markets ended the day at session highs:
A couple of takeaways from Friday’s solid gains: 1) No sell-off materialized following Thursday’s strong rally. 2) Another encouraging result of Friday’s gains that traders noted: higher highs for the markets for the first time in a number of months.
British right-wing political leader Lord Christopher Monckton, Viscount of Brenchley, accused President Barack Obama of being hostile toward Great Britain.
The Obama administration has engaged in a “consistent slamming of business,” IAC Interactive CEO and chairman Barry Diller told CNBC Monday.
Maybe common folk who vote and earn a living in the real world know something Ivy League professors living off endowment income and advising presidents can't fathom. Reckless, unproductive government spending, higher taxes and regulations that accomplish little but to raise costs, kill investment, drive jobs offshore, and destroy prosperity.
BP's board is expected on Monday to name an American, Robert Dudley, as its chief executive, replacing Tony Hayward, whose repeated stumbles during the company’s three-month oil spill in the Gulf of Mexico alienated federal and state officials.
Take a look at 10 cost-saving measures the administration is considering that do not involve staffing reductions or elimination of programs — measures that could be implemented today.
The Obama administration warned Friday the U.S. economy had encountered "strong headwinds" and the country's fiscal challenge remained grim, but it lowered an estimate for the budget deficit this year.
The liberal tax revolt, as the Wall Street Journal is calling it, is a very important topic —especially for investors and small-business entrepreneurs. And for new jobs.
The very large French pharmaceutical company made an informal acquisition approach to Genzyme. That approach was essentially rebuffed and not met with any significant talks, according to people familiar with the matter. However, especially in recent days, talks have been heating up.
The Obama administration has picked a top staffer at the Office of the Comptroller of the Currency to head the agency on a temporary basis.
President Barack Obama says new revelations of big bank bonuses underscore the need for the financial regulation bill he signed into law this week.
Horrors! Wal-mart, that world-whipping Darth Vader of retailers, is ushering in the next great chip revolution, and the Cassandras of the privacy movement already are arming to fight against it.
Whether or not Elizabeth Warren is named to run the bureau may depend on how willing the president is to anger the banks yet again, and whether he is willing to risk a big confirmation battle in the Senate.
Rating agencies are concerned about legal liability under the new financial regulation guidelines—though it seems the SEC may have addressed those worries late Thursday.
Stocks logged their best day in two weeks Thursday as a strong batch of earnings reports revived optimism about the economic recovery. Regional banks rallied.
Ben Bernanke threw a curveball in his midterm report to Congress this week. The Fed view of the economy has been downgraded since it last reported in February. Although the official Fed forecast for 2010-11 is still 3 to 4 percent real growth, Bernanke sounded particularly gloomy when he characterized the economy as “unusually uncertain.”
With the economy softening and Democrats terrified to be associated with tax hikes, the ground is shifting in Washington on the most important policy issue of the second half – whether the Bush tax cuts should be extended.
Like President Obama and the Democrats, I believe in continuing the Bush and Obama tax cuts on the 98% of Americans who earn under a quarter of a million dollars.