A top economic adviser of U.S. President Barack Obama has called for tighter regulations on Wall Street brokers, saying abusive trading practices were costing billions of dollars to clients in their retirement savings each year, Bloomberg reported.
Tags: White House
Nike backs Obama on trade with pledge to create 10,000 U.S. jobs
Sports shoe maker Nike Inc put its weight behind President Barack Obama's push for a trade deal with Asian countries on Friday with a promise to create up to 10,000 U.S.-based manufacturing jobs if the pact is approved.
Clinton: Unfair that fund managers pay lower tax rate than truckers
Democrat Hillary Clinton blasted executive pay and tax rates for hedge-fund managers on Tuesday, using the first stop of her low-key campaign rollout in Iowa to highlight her promise to help Americans struggling toward economic recovery.
Obama to promote U.S. jobs, investment to international executives
President Barack Obama will promote U.S. business investment programs to executives from Google Inc, BMW AG and other international companies on March 23 at an administration-led summit to boost job creation in the United States.
U.S. Republican hopefuls Bush, Walker change their tune on ethanol
Potential Republican presidential candidates Jeb Bush and Scott Walker told Iowa voters on Saturday that they supported government policies to boost ethanol use, a change in position that could help their prospects in the corn-growing state.
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President Barack Obama said on Tuesday the United States and not China must write trade rules for Asia and called on Congress to give the White House a freer hand to close trade deals.
The White House on Thursday said legislation was not necessary to settle so-called "net neutrality" rules because the Federal Communications Commission had the authority to write them.
Supporters and critics of free trade are readying for a bitter battle this year over major free trade deals and legislation to fast-track trade agreements through the U.S. Congress.
The White House does not feel pressure to loosen restrictions on U.S. oil exports further and views debate over the issue as resolved for now, John Podesta, a top aide to President Barack Obama, told Reuters in an interview.
Hackers used tools in a devastating cyber attack on Sony Pictures Entertainment that were based on ones used in similar attacks conducted against South Korea by North Korea, a person familiar with the company's investigation said on Wednesday.
President Barack Obama and his teenaged daughters, Sasha and Malia, went to an independent book store in Washington to buy books as a way to promote Small Business Saturday, an event aimed at boosting small businesses.
More than a year ago, U.S. regulators quietly gave a small company permission to export lightly processed oil known as condensate - a previously unreported ruling that could further strengthen the hand of big energy companies pushing hard to chip away at a 40-year-old ban on domestic crude exports.
U.S. President Barack Obama on Monday said Internet service providers should be regulated more like public utilities to make sure they grant equal access to all content providers, touching off intense protests from cable and telecoms companies and Republican lawmakers.
Long viewed as an ally by Wall Street, likely 2016 presidential contender Hillary Clinton has increasingly been taking banks and big business to task while on the campaign trail for Democrats across the country.
