New York (CNNMoney) - One of President Obama's most prominent Wall Street backers is leaving banking giant UBS to start his own advisory firm.
The departure of Robert Wolf, who most recently held the post of chairman for UBS Americas, was announced by the bank's management in an internal memo.FULL STORY
New York (CNNMoney) - Insurance giant Aetna inadvertently disclosed more than $7 million in donations to conservative political groups in a regulatory filing made earlier this year, according to a Washington-based advocacy group.
Documents obtained and distributed by Citizens for Responsibility and Ethics in Washington show that Aetna made a $3 million donation to the American Action Network and a $4.05 million donation to the U.S. Chamber of Commerce in 2011.FULL STORY
New York (CNNMoney) - Citing economic headwinds from Europe, President Obama asked lawmakers on Friday to revive a set of long ago-discarded legislative proposals designed to stimulate the economy.
The initiatives, first proposed in September, include investments in infrastructure, tax breaks for small businesses and funding for teachers, firefighters and other public sector workers.FULL STORY
(CNNMoney) - Former President Bill Clinton said Tuesday that lawmakers will most likely put off making a set of crucial spending and tax decisions until 2013.
"[Congress] will probably have to put everything off until early next year," Clinton said during an interview with CNBC. "That's probably the best thing to do right now."FULL STORY
New York (CNNMoney) - Mitt Romney is worth between $84 million and $256 million, according to campaign disclosure forms released Friday by the Federal Election Commission.
That's actually down a little from last year, when the forms pegged Romney's net worth at between $85 and $264 million.FULL STORY
New York (CNNMoney) - Trillions in looming tax hikes and spending cuts. Washington saber-rattling over the debt ceiling. A slowdown in the world's second largest economy.
President Obama's re-election campaign may have to run through a number of potentially ugly economic events.FULL STORY
(CNN) - President Obama has made one thing very clear: He will be talking about Bain Capital a lot between now and Election Day.
"This is what this campaign is going to be about," Obama said Monday after drawing a distinction between what Mitt Romney did as CEO of Bain Capital and what is expected of a president.FULL STORY
(CNNMoney) - Eduardo Saverin's decision to leave the United States with his money, but not his citizenship, has apparently touched a nerve in the Senate.
Two members of the world's greatest deliberative body, Chuck Schumer and Bob Casey, held a press conference Thursday morning on Capitol Hill where they outlined legislation that would prevent the Facebook co-founder from ever returning to the United States.FULL STORY
New York (CNNMoney) - April's jobs report was, in a word, disappointing. The economy added only 115,000 jobs. Hiring slowed. More than 340,000 workers dropped out of the labor force.
April's report, which follows lackluster numbers for March, is particularly bad news for President Obama's campaign staff in Chicago.FULL STORY