Today's featured article
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Meet Obama’s Big Money Corporate Backers, With this year’s election cycle expected to be the most expensive yet, corporations are eager to fill the coffers of candidates to give their agenda an ear on Capitol Hill. And with Obama’s campaign gathering momentum, many of America’s largest companies have doled out money to the Democratic Presidential candidate’s campaign. While many of these corporations have also contributed to Obama’s opponent, Republican John McCain, often the sums pale in comparison to what has been given to the Senator from Chicago. We take a look at some of Obama’s most prominent patrons and what they’ll likely want in return during this next election cycle. Goldman Sachs & Co.-What They’ll Want: Goldman Sachs is one of Wall Street's most prestigious investment banks. Like others in the securities industry, it advises and invests in nearly every industry affected by federal legislation.
Recently featured: Restructuring – Fannie Mae – Scoretop GMAT Scandal – Recession
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In the news
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- The Financial Times
- The US Department of Defense is to cancel the recompetition of a $35 billion aerial refueling tanker contract, saying it is impossible to decide a winner by January, which was the expected deadline, a source familiar with the situation said.
- Russia's stocks and currency continued to slide despite an attempt by Russian President Dmitry Medvedev and other officials to shore up the market with promises of government support.
- The World Bank has withdrawn from a pipeline project in Chad that was supposed to serve as a model for Africa's fast-growing oil industry following a protracted dispute with the government over its desire to spend more money on its army and less on social needs.
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