BARACK OBAMA

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Obama signs sweeping Wall Street overhaul into law

President Barack Obama signed into law on Wednesday the most comprehensive financial regulatory overhaul since the Great Depression, vowing to stop risky behavior on Wall Street that imperiled the U.S. economy.

Lawmakers demand tough action on China piracy

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U.S. lawmakers on Wednesday called for tough new measures to punish China for its failure to stop widespread piracy and counterfeiting of U.S. goods ranging from music CDs to manufactured products.
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BP defends CEO, eyes new option for plugging well

BP Plc defended its embattled chief executive on Wednesday and denied a report he would leave soon as the company explored a new approach in the Gulf of Mexico to end the worst oil spill in U.S. history.
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Batteries Are the Shocking Truth about Electric Cars

Can white elephants come in green? President Barack Obama flew to Holland, Mich., on Thursday to attend groundbreaking ceremonies for a new lithium-ion battery plant, which the White House advertised as an example of federal stimulus grants at work and a gateway to a clean-energy future.
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Sikorsky sees big orders over next 12-18 months

Sikorsky Aircraft, a unit of United Technologies Corp , expects a significant first order this week from a Middle Eastern country for the international version of its Black Hawk helicopter.
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Buffett warns Obama U.S. economy only halfway back

President Barack Obama heard a sobering message from Warren Buffett when he asked for the investment guru's views about the economic recovery, according to an interview Obama gave NBC News on Thursday.
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Wall Street futures point to flat open

Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 were little changed at 0757 GMT (3:57 a.m. EDT), pointing to a flat open on Wall Street on Friday.
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Wall Street reform clears Congress

The Congress on Thursday approved the broadest overhaul of financial rules since the Great Depression and sent it to President Barack Obama to sign into law.
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Senate approves sweeping Wall St reform bill

The Senate on Thursday by a vote of 60 to 39 approved the most sweeping overhaul of bank and capital market regulation in decades, sending it on to President Barack Obama to be signed into law.
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U.S. political fundraiser gets 12 years for bank fraud

Hassan Nemazee, an Iranian-American businessman who raised money for the political campaigns of Barack Obama and Hillary Clinton, was sentenced to 12 years in prison for defrauding Bank of America Corp, Citigroup Inc and HSBC Holdings Plc out of $292 million.

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