Obama

By Wayne Jett © October 10, 2010 Fear was not the only thing Americans had to fear in 1933, as Franklin Roosevelt well knew. High tariffs shut down trade and production; high taxes stripped private capital; and rampant fraud in financial markets looted capital and drove survivors to gold shelter....

Steel names are rising despite weakness in the broader equity markets this morning. U.S. Steel (NYSE: X) is higher by $1.19, or 2.59%, to $47.18. AK Steel (NYSE: AKS) is higher by 28 cents, or 2.04%, to $14.02. Nucor Corporation (NYSE: NUE) is up 58 cents, or 1.50%, to $39.26. There is no specific...

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...