Obama

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,...

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...

Federal Reserve Chairman Ben Bernanke appears closer to winning support for a second term CNBC reports. Uncertainty over Bernanke's confirmation rattled investors last week and helped contribute to the worst three-day slide for U.S. stocks since last March. A spokesman for Senate Majority Leader...

On Thursday, President Obama plans to propose a sharp increase in the taxes paid by the nation's largest financial institutions such as Citigroup Inc. (NYSE: C), JPMorgan Chase & Co (NYSE: JPM) etc. This is designed to raise $90 billion over the next decade while constraining the industry's...

Shares of OSI Systems Inc. (NASDAQ: OSIS) continue to surge higher Friday after an analyst upgrade. Roth upgraded the company, which is the parent of body-scan maker Rapiscan Systems, after it received a 10-year contract for a cargo turn-key scanning solution by the Puerto Rico Ports Authority....

President Obama is under fire for his policy of throwing dollars away to contain economic turmoil. He has recently announced a new master plan to stimulate hiring by more government action. The plan includes extending tax credits to small businesses, incentives for clean energy initiatives and...

Following the announcement early in the new Obama administration in 2009 that restrictions on stem cell research in the US would be lifted, there hasn't been the expected surge in the stock prices of stem cell research companies. Granted, stocks of companies like ViropPharma (VPHM) and Geron (GERN...

Health Care Insurers Rallied today with Cigna Corp (NYSE: CI) up 4.6%, Humana Inc (NYSE: HUM) up 2.9%, and Health Net Inc. (NYSE: HNT) up 4%. This sharp move to the upside comes the day after President Obama delivered his push for health care reform to Congress. It seems the market sees the speech...