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.
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.
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.
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.
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.
