For freshman Sen. Marco Rubio, a rising GOP figure seen as a possible Mitt Romney running mate, there are questions about whether potential vulnerabilities in his personal and political background might hold him back.
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Political vulnerabilities in Sen. Rubio’s past
President Barack Obama says the big trading loss at JPMorgan Chase shows the need for Congress to finally put in place banking rules he signed into law two years ago. He also is calling on lawmakers to stop trying to weaken the regulations.
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Obama to Congress: Put in place banking rules now
The metaphor is an easy one, overused and perhaps even a bit overwrought. We are forging forward into a digital frontier, leaving convention behind, traveling without guides into an uncharted virtual land where progress and profits are forever around the next bend.
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America expands once again _ digitally, this time
WASHINGTON (Reuters) – President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation. “We’ve got to finish the job of implementing this reform and putting these rules in place,” Obama said in a weekly radio address that accused some on Wall Street of causing the 2007-2009 economic crisis because they “treated our financial system like a casino. …
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Obama pledges tough enforcement of Wall Street reforms
A suicide bomber blew himself up at a police checkpoint Saturday in a volatile area of eastern Afghanistan, killing eight people, police said.
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Afghan police: Suicide bombing kills 8 in east
A suicide vehicle bomb tore through the parking lot of a military compound in an eastern Syrian city on Saturday, killing nine people in the latest in a series of blasts in recent months targeting security installations, the country’s state media reported.
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Syria: Suicide vehicle bomb hits military compound
A bomb exploded outside a high school in southern Italy named after a slain anti-Mafia prosecutor as students arrived for class Saturday, killing a teenage girl and wounding several other classmates, officials said.
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Student killed, 7 hurt in blast near Italy school
Facebook on Thursday announced a price of $38 per share for its record-setting initial public offering, which gives the leading social network a market value of $104 billion.
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Facebook sets richest tech IPO in motion
Avon shares plunged 14 percent in premarket trading Tuesday after Coty dropped its $10.7 billion takeover bid for the cosmetics company.
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With Avon not calling, Coty slams the door
(Reuters) – Shares of Avon Products Inc fell 14 percent in premarket trading on Tuesday, after Coty Inc withdrew its $10.7 billion takeover bid for the world’s largest cosmetics direct seller, saying Avon had missed its deadline to begin discussions. Fragrance company Coty last week raised its unsolicited bid, which had the financial backing of Warren Buffett’s Berkshire Hathaway and others, to $24.75 per share from an earlier $23.25 per share offer, and gave Avon a Monday deadline to respond. Avon’s stock fell to $17. …
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Avon shares slide after Coty withdraws takeover offer