Author Archive
Obama: U.S. can’t afford to extend tax cuts for rich
PARMA, Ohio (Reuters) – President Barack Obama, fighting to keep Democrats in charge of Congress, said on Wednesday the United States could not afford to extend Bush-era tax cuts for the rich and accused Republicans of being fiscally irresponsible.
BP and partners trade blame for oil spill
LONDON/WASHINGTON (Reuters) – A BP Plc investigation of the Gulf of Mexico disaster played down its own role in the world’s worst offshore oil spill and pointed the finger at what it said were failures by contractors.
Goldman NY proprietary traders consider next move
NEW YORK (Reuters) – Members of Goldman Sachs Group Inc’s New York Principal Strategies team are in talks with several groups, including KKR, Perella Weinberg, BlackRock Inc and Carlyle Group, to possibly join one of the firms, a source familiar with the matter said.
Sanofi pitched $71 offer to Genzyme: report
BOSTON (Reuters) – Sanofi-Aventis SA pitched a new offer to acquire U.S. biotechnology company Genzyme Corp for $71 a share in exchange for the opportunity to conduct “partial due diligence,” according to DealReporter, which cited a source close to the discussions.
Obama pitches road spending and tax incentives
WASHINGTON (Reuters) – President Barack Obama will push billions of dollars in new business tax incentives and spending on big construction projects on Wednesday, as he tries to convince a balky Congress to pass measures intended to spur the economy and create jobs.
Goldman’s NY prop traders in talks with KKR, Perella, BlackRock
NEW YORK (Reuters) – Individuals within Goldman Sachs Group Inc’s New York Principal Strategies group are in talks with several groups, including KKR, Perella Weinberg, and BlackRock, to possibly join one of them, a source familiar with the matter said.
BP blames contractors for oil spill
LONDON (Reuters) – BP attempted to place much of the blame for the rig blast that led to the United States’ worst-ever oil spill on its contractors, Transocean and Halliburton.
Wall Street bounces back, led by energy and materials
NEW YORK (Reuters) – Wall Street rose on Wednesday, bouncing off the previous day’s losses as a weaker U.S. dollar lifted energy and materials stocks.
Economists further scale back U.S. growth outlook
NEW YORK (Reuters) – Stubbornly high unemployment and signs of persistent weakness in the housing market have prompted economists to further cut their outlook for U.S. growth in the second half of the year, a Reuters poll showed on Wednesday.
Oracle offered Hurd pay package with $10 million bonus
NEW YORK (Reuters) – Oracle Corp offered its new president, Mark Hurd, former head of Hewlett-Packard Co, a salary of $950,000 and a bonus of up to $10 million for fiscal 2011, plus stock options.
