The Company Beat: July 11, 2010 - July 17, 2010
A model for starting the new consumer bureau: The SEC
Whoever leads the new Bureau of Consumer Financial Protection will need some formidable management and leadership skills. Tim Duncan, chairman of the group American Business Leaders for Financial Reform, offers some commandments on what to do ("Honor Thy Fellow Agencies")...
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Jia Lynn Yang
| July 16, 2010; 6:20 PM ET |
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Financial regulation
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Financial overhaul: Lots and lots of deadlines.
The financial reform bill will go into effect one day after President Obama signs it into law, but specific sections will kick in at very different times.
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Jia Lynn Yang
| July 16, 2010; 1:36 PM ET |
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Financial regulation
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More data on corporate cash
To get a load of how much companies are hoarding cash relative to spending, take a look at this graph, courtesy of John Lonski, chief economist at Moody's Investors Service. The ratio is the highest it's been since 1955.
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Jia Lynn Yang
| July 16, 2010; 11:30 AM ET |
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Geithner, banks respond to Senate passage of financial overhaul
Now that the legislative back-and-forth is behind them, Treasury Secretary Tim Geithner and the banking industry are looking ahead to what comes next on financial regulation. "This process will take some time, but we are determined to move as quickly...
By
Jia Lynn Yang
| July 15, 2010; 5:00 PM ET |
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Companies hoarding cash but not adding many jobs
I have a story in Thursday's paper about why U.S. non-financial companies seem to be hoarding lots of cash but not spending it, especially on hiring. Nonfinancial companies are sitting on $1.8 trillion in cash, roughly one-quarter more than at...
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Jia Lynn Yang
| July 15, 2010; 8:44 AM ET |
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Departing Business Roundtable chief leaves White House relations up in the air
In the last week, two leaders of major business groups in Washington have announced they're leaving. First there was Edward Yingling, president of the American Bankers Association, who said he'll retire at the end of this year. Then Tuesday, John...
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Jia Lynn Yang
| July 14, 2010; 11:44 AM ET |
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Another round of the U.S. Chamber vs. Obama
After getting heat from big business trade groups for being out of touch with corporate America, the White House has emphasized it wants input from businesses on how to create jobs and help companies grow. Today the U.S. Chamber of...
By
Jia Lynn Yang
| July 14, 2010; 7:30 AM ET |
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Financial regulation, Job creation, U.S. Chamber of Commerce
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