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Business 30 Jun 2011 | 12:00 AM

Obama pushes Republicans on taxes on wealthy

WASHINGTON (AP) - President Barack Obama insisted on eliminating tax breaks for oil companies and the superrich as part of any plan to tackle the nation's deficit, casting himself as a voice of reason. Unfazed, Republican lawmakers stuck to their vow to block new taxes.

Business 14 Jun 2011 | 12:00 AM

Obama pledges focus on job creation

DURHAM, North Carolina (AP) - President Barack Obama on Monday pledged to ease the way for businesses to expand hiring and offered assurances to an anxious public that he is focused on creating jobs - the top political issue heading into the 2012 election and the Achilles heel of his presidency.

Business 21 Apr 2011 | 12:00 AM

Obama defends deficit plan, sees common ground

WASHINGTON: President Barack Obama drew a sharp line on Tuesday between Republican and Democratic plans to cut the US deficit, but he said a deal could be reached despite ideological differences between the two sides.

Business 20 Apr 2011 | 12:00 AM

Obama to be 1st head of state to tour Facebook HQ

SAN FRANCISCO: When President Barack Obama arrives at Facebook headquarters this week, he will be the first sitting head of state to visit the brick-and-mortar home of the social media powerhouse.

Business 26 Oct 2012 | 12:00 AM

Obama sees executive pay rules as next financial reform

WASHINGTON: President Barack Obama said in an interview released on Thursday that the next important step for making the financial sector safer is to make sure executive pay is less closely tied to risky bets.

Business 28 Nov 2012 | 12:00 AM

Obama promotes tax agenda, Congress in stand-off

WASHINGTON: President Barack Obama on Tuesday launched a public relations push for his bid to raise taxes on wealthy Americans, but U.S. lawmakers remained deadlocked over dramatic, year-end tax increases and spending cuts known as the fiscal cliff.

Business 18 Sep 2012 | 12:00 AM

U.S. launches auto case against China, Beijing fires back

CINCINNATI/GENEVA: President Barack Obama on Monday said the United States was challenging Chinese auto and auto-parts subsidies that threatened American jobs as he campaigned in Ohio, an auto manufacturing state that could be decisive in the November presidential election.

Business 08 Sep 2012 | 12:00 AM

Job growth cools, posing challenge for Obama, Fed

WASHINGTON: Jobs growth slowed sharply in August, dealing a blow to President Barack Obama as he seeks re-election and setting the stage for the Federal Reserve to pump additional money into the sluggish economy next week.

Business 06 Nov 2008 | 12:00 AM

World awaits Obama to fulfil promise of change

Asian markets surged and scores of people throughout the world rejoiced over the historic victory by Barack Obama in the 2008 US presidential election.

Business 19 Nov 2008 | 12:00 AM

CEOs want at least US$300b stimulus from Obama

WASHINGTON (AP) - A group of business executives on Tuesday urged President-elect Barack Obama to quickly implement'' a large stimulus package soon after taking office.