Tag Archives: Barak Obama
US Govt, Fiat to Decide Chrysler Future
Chrysler LLC’s future leadership will be determined by the U.S. government and Fiat SpA if Chrysler succeeds at merging with the Italian auto maker.
Chrysler Chief Executive Officer Bob Nardelli, in a note to employees obtained by Dow Jones Newswires, said a new board of directors will be appointed by the federal government and Fiat once [...]
Glaxo – Pfizer enters deal
GlaxoSmithKline P.L.C. and Pfizer Inc. announced a deal that would combine their HIV operations into a new company that would account for almost 20 percent of sales of drugs to fight the virus.
In recent years, competitors, most notably Gilead Sciences Inc. and Bristol-Myers Squibb Co., have seized the lead in sales of HIV drugs.
That pressure [...]
GM CEO Resigns
Chairman and CEO of General Motors Corp., Rick Wagoner has resigned as head of the Detroit automaker.
In a statement, Wagoner said he stepped aside at the request of the Obama Administration.
Replacing him as CEO is Fritz Henderson, GM’s president and chief operating officer. Kent Kresa was named interim non-executive chairman of the board of directors. [...]
Obama invites for Energy Forum
On Saturday the White House announced, President Barack Obama has invited the leaders of 16 major economies to Washington for a forum on energy and climate next month.
Obama, who recently turned his attention to the need for more clean-energy funding, has also asked U.N. Secretary-General Ban Ki-moon to attend.
The forum, scheduled for April 27-28, seeks [...]
GM CEO Meets U.S. Officials
With the White House set to announce more financial aid for General Motors and Chrysler on Monday, the Obama administration’s automotive task force met yesterday, and GM chief executive G. Richard Wagoner Jr. visited with officials.
On Thursday, President Obama said that the administration’s aid package would require the companies to make “painful” and “pretty drastic” [...]
