Obama

President Obama has just signed the financial regulation bill into law, which is the most sweeping financial regulatory overhaul since the Great Depression. "These reforms represent the strongest consumer financial protections in history," Obama will say, according to an advance excerpt of his...

As oil continued to gush out into the Gulf of Mexico on Saturday, BP CEO Tony Hayward watched a yacht race off the English Coast, sparking new controversy. A spokeswoman for the British energy company said Hayward was spending time with his teenage son after devoting most of the past two months to...

Many Americans will no longer enjoy free checking accounts as certain banks, including Bank of America (NYSE: BAC), are mulling over new fees on some of the basic banking services offered to customers. Free checking accounts, which have proved to be extremely favorable for middle-class consumers,...

At the end of last week, President Obama signed a memo aimed at forcing GSA entities to reign in over $8 billion in building costs collectively by the end of 2012.  We all know the Washington D.C. office market is subject to, and at the mercy of, the whims of the government, but...

Commercial Real Estate Week in Review-June 6-12 -Obama to Congress: Get reform bills reconciled before G-20. -GE Capital to cut real estate portfolio by 50%. -Cassidy Turley looking to compete with Jones Lang LaSalle (NYSE: JLL) and CB Richard Ellis in commercial real estate. -JP...

BP (NYSE: BP) has failed in its attempt to plug the underground well that has been gushing oil into the Gulf for six weeks. BP's procedure, known as the "top kill", failed after engineers tried for days to overwhelm the crippled well by heavy drilling of mud and junk 5,000 feet underwater....

Shares of offshore drilling companies are getting drilled (pun intended) today after President Obama's decision to close U.S. waters to deep-sea drilling. Obama said Thursday he would extend a moratorium on permits for new deepwater wells. Drillers also will be forced to suspend actions on 33...

President Barack Obama will tell manufacturing workers in Buffalo, N.Y. Thursday, that the economy is improving but more progress is needed. "I can say this beyond a shadow of a doubt: Today, we are heading in the right direction," Obama will tell workers at Industrial Support Inc., a...

President Barack Obama was briefed on the market turbulence and debt situation in Greece today by Treasury Secretary Timothy Geithner and Lawrence Summers. The Obama administration said it supports efforts to provide emergency loans to Greece. Separately, U.S. regulators announced an investigation...

Qwest, CenturyTel agree to merge. Qwest Communications (NYSE: Q) and CenturyTel (NYSE: CTL) have agreed to a merger that will bring together two of the country's largest landline phone companies. Under the merger agreement, shareholders will receive 0.1664 CTL shares for each Qwest share,...

Dr. Obama and Dr. Pelosi to America’s Seniors: “Take $523.5 Billion in Medicare Cuts; Don’t Call Us in the Morning” Friday, March 19, 2010 Having ignored the Medicare Actuaries’ warnings, Democrats prescribe additional cuts to seniors’ safety-net program The Senate Democrats’ health bill cuts...

The U.S. unemployment rate fell to a five-month low of 9.7 percent despite employers cutting another 20,000 jobs in January, according to a government report on Friday. The Labor Department said January Nonfarm payrolls declined 20,000 versus an estimated increase of 15,000. Nonfarm payrolls for...