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Barack Obama

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  • Treasury sells entire Ally stake, ends auto rescue Friday, 19 Dec 2014 | 10:29 AM ET
    In this April 10, 2014 file photo, Ally Financial CEO Michael Carpenter, third from right, is applauded as he rings the New York Stock Exchange opening bell to mark his company's IPO.

    The U.S. Treasury is winding down its auto industry recovery program by selling the last of its stake in Ally Financial.

  • US companies clamor to do business in Cuba Friday, 19 Dec 2014 | 8:43 AM ET

    Some U.S. companies took immediate steps to enter the Cuban marketplace after Obama's move to end the trade embargo. The NYT reports.

  • Protection sought for scenic California region Friday, 19 Dec 2014 | 7:13 AM ET

    WASHINGTON— A contingent of California environmental groups, business representatives and politicians will use a visit Friday from Interior Secretary Sally Jewell to push for permanent protection of some 350,000 acres of picturesque federal land near the state's famous wine country. Congress declined this session to pass legislation from Democratic...

  • For US and Cuba, normalcy will take many steps Friday, 19 Dec 2014 | 3:30 AM ET

    That's about to become clear as the Obama administration and the communist government of Raul Castro move to normalize more than a half-century of bitter animosity between the United States and Cuba. While international relations can be subject to laws passed by Congress, the White House enjoys broad discretion in diplomatic recognition.

  • It's law now: 'No Social Security for Nazis' Friday, 19 Dec 2014 | 3:21 AM ET

    WASHINGTON— President Barack Obama on Thursday capped a swift and forceful response to an Associated Press investigation by signing into law a measure that bars suspected Nazi war criminals from receiving U.S. The AP's investigation, which was the impetus for the No Social Security for Nazis Act, found that dozens of former Nazis collected millions of...

  • US agriculture has big appetite for Cuba trade Friday, 19 Dec 2014 | 1:40 AM ET

    MINNEAPOLIS— U.S. agriculture has a big appetite for freer trade with Cuba. Major U.S. farm groups including the American Farm Bureau Federation and National Farmers Union, as well as leading agribusinesses such as Cargill Inc., have long advocated normalized trade relations with Cuba, a market of 11 million consumers just 90 miles off U.S. shores.

  • Hack attack spurs call for more NKorea sanctions Friday, 19 Dec 2014 | 12:06 AM ET

    WASHINGTON— Suspicions that North Korea was behind a destructive hacking attack against Sony Pictures and a threat against movie theaters are intensifying calls for tougher U.S. steps to cut that country's access to hard currency and declare it once more as a state sponsor of terrorism. A U.S. cyber-retaliation against North Korea would risk a dangerous...

  • *White House not in position to confirm North Korea responsible. WASHINGTON/ LOS ANGELES, Dec 18- Washington made the woes of cyberattack victim Sony Pictures its own on Thursday as the White House acknowledged that the devastating strike against the big Hollywood studio was a matter of national security that would be met by a forceful government response.

  • Cramer’s perfect recipe for a Santa Claus rally Thursday, 18 Dec 2014 | 6:13 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Jim Cramer is seeing some good signs in the economy right now. Could they be the perfect ingredients for a Santa Claus rally?

  • Hope and some fear in Cuba amid thaw with US Thursday, 18 Dec 2014 | 5:56 PM ET

    HAVANA— The restoration of diplomatic ties between Cuba and the United States unleashed expectations Thursday of even more momentous changes on an island that often seems frozen in a past of classic cars and crumbling Art Deco buildings. Some fear a cultural onslaught, or that crime and drugs, both rare in Cuba, will become common along with visitors from the...

  • Dec 18- U.S. banks will be able to do more business in Cuba after the United States and the island nation agreed to restore diplomatic ties, but trade groups said their members will be slow to ramp up operations, fearing big penalties for mistakes. The U.S. Treasury Department said it expects to ease its sanction rules for banking in Cuba in the coming weeks.

  • WASHINGTON, Dec 18- The United States said on Thursday a cyber attack on Sony Pictures was a serious national security matter and the Obama administration was considering a proportional response, although the White House stopped short of blaming North Korea. A U.S. government official said on Thursday that U.S. investigators were looking into the possibility...

  • IRS head says budget cuts could delay tax refunds Thursday, 18 Dec 2014 | 3:39 PM ET

    WASHINGTON— Budget cuts at the IRS could delay tax refunds, reduce taxpayer services and hurt enforcement efforts, IRS Commissioner John Koskinen said Thursday. About half the people who call the IRS for assistance this filing season won't be able to get through to a person, Koskinen said. Congress cut the IRS budget by $346 million for the budget year that ends in...

  • Obama signs bill to sanction Venezuelan officials Thursday, 18 Dec 2014 | 3:24 PM ET

    WASHINGTON— President Barack Obama has signed legislation into law allowing him to sanction Venezuelan government officials who were involved in a crackdown on anti-government protesters. Last summer, the State Department imposed a travel ban on Venezuelan officials who were accused of abuses during street protests that left dozens of people dead.

  • Timeline of the Sony Pictures Entertainment hack Thursday, 18 Dec 2014 | 3:23 PM ET

    It's been four weeks since hackers calling themselves Guardians of Peace began their cyberterrorism campaign against Sony Pictures Entertainment. Nov. 24: Workers at Sony Pictures Entertainment in Culver City, California log on to their computers to find a screen message saying they had been hacked by a group calling itself Guardians of Peace.

  • Correction: Cuba-Travel story Thursday, 18 Dec 2014 | 3:18 PM ET

    NEW YORK— NEW YORK— In a story Dec. 17 about travel to Cuba, The Associated Press reported erroneously the number of Americans who were authorized to travel to Cuba last year. US travel industry carefully eyeing Cuba tourism. NEW YORK— Cuba was once a haven for sun-seeking American tourists.

  • HAVANA, Dec 18- From bus drivers to bartenders and ballet dancers, many Cubans are already imagining a more prosperous future after the United States said it will put an end to 50 years of conflict with the communist-run island. Old Havana is a center of Cuba's tourism industry and boasts fine colonial buildings, some exquisitely restored but others in disrepair.

  • That is about to change with more Americans being allowed to travel to Cuba after President Barack Obama moved this week to restore diplomatic relations, even though tourism remains restricted. "Right now we come to Cuba and.. things are pretty much as they were," Dugald Wells, chief executive officer of Cuba Cruise said from Toronto. Canada, which has had diplomatic...

  • Obama waives sanctions authority despite new law Thursday, 18 Dec 2014 | 1:31 PM ET

    WASHINGTON— President Barack Obama signed legislation Thursday authorizing new sanctions on Russia but said he does not plan to impose the penalties outlined in the measure. The U.S. and Europe have sought to present a united front against Russia over Moscow's provocations in Ukraine. Obama has told Russian President Vladimir Putin he would roll back U.S....

  • Rand Paul: Improved ties with Cuba a 'good idea' Thursday, 18 Dec 2014 | 1:22 PM ET
    Senator Rand Paul

    Rand Paul's stance on Cuba is more closely aligned with Hillary Clinton's than his Republican comrades, reports NBC.