Former Time Warner Chairman Richard D. Parsons is under consideration for the commerce secretary post in the Barack Obama administration, according to reports.... (Continue reading)
President-elect Barack Obama announced the nomination of New Mexico Gov. Bill Richardson as his commerce secretary at a Chicago news conference this morning. ... (Continue reading)
In a move that is expected to ease speculation amid the continued roller coaster ride that is the economy, President-elect Barack Obama and Vice President-elect Joe Biden will introduce his new economic leadership team today. a major step... (Continue reading)
This week has been one of the most devastating in Wall Street’s history. Just Thursday, the Dow industrial average had been down more than 40% for the year, considered the steepest plunge since the bear market of 1937-1938 according... (Continue reading)
President-elect Barack Obama is moving markets. At least that what it seems after word that Obama is seriously considering naming Timothy Geithner, president of the New York Federal Reserve, as treasury secretary, leaked out. The Dow Jones Industrial Average ended... (Continue reading)