Archive for January, 2009

Obama pushes economic plan; cloud over health pick (Reuters)

U.S. President Barack Obama (L) listens to Vice President Joe Biden before Obama signed the Middle Class Working Families Task Force executive order in the East Room of the White House in Washington, January 30, 2009. (Jason Reed/Reuters)Reuters – U.S. President Barack Obama sought to rally support for his emerging economic rescue package on Saturday, as he stood by his latest cabinet nominee to run into tax problems that could impede confirmation.

Obama readies road map for new bailout spending (AP)

In this Wednesday, Jan. 28, 2009, file photo, President Barack Obama shakes hands with audience members as JetBlue Chief Executive Officer David Barger, right, looks on after the president spoke about the economy, in the East Room Room of the White House in Washington. Obama says his administration will outline a new strategy in the coming days for spending billions of federal dollars to pull the nation out of an economic crisis he describes as 'devastating.' (AP Photo/Charles Dharapak, File)AP – President Barack Obama on Saturday promised to lower mortgage costs, offer job-creating loans for small businesses, get credit flowing and rein in free-spending executives as he readies a new road map for spending billions from the second installment of the financial rescue plan.

BP investors concerned about new chairman plan: report (Reuters)

A sign for a BP petrol station is seen in London October 27, 2008. (Toby Melville/Reuters)Reuters – BP chairman Peter Sutherland has agreed to extend his tenure into the autumn amid growing shareholder disquiet over the company’s choice of successor, the Financial Times reported on Saturday.

U.S. working to ensure stimulus meets trade rules (Reuters)

Reuters – The United States is working to ensure that any stimulus package for the economy is in line with international trade rules, acting U.S. Trade Representative Peter Allgeier said on Saturday.

Nike CEO sees big jump in online sales (Reuters)

Reuters – Nike is experiencing a sharp increase in online sales, driven in part by cost-conscious shoppers conserving gasoline, the U.S. company’s chief executive said on Saturday.