CIT Group News
Steve Mnuchin: Everything you need to know about the new Treasury secretary
Former Goldman Sachs executive and hedge fund CEO Steve Mnuchin was confirmed as the new Secretary of the Treasury Monday by a 53-47 margin. Mnuchin previously served as President Trump's finance chairman during his campaign. Over the years, Mnuchin has been a Hollywood producer and a Democratic
Steve Mnuchin's Controversial History With the Foreclosure Crisis
Critics are gearing up for a confirmation fight today over Steven Mnuchin -- Donald Trump ’s pick for treasury secretary -- who previously ran a bank that has faced criticism over its foreclosure record. Mnuchin, a Goldman Sachs veteran and former Hollywood producer, and a group of investors bought
Possible Flashpoints for This Week's Cabinet Confirmation Hearings
The first week of Senate confirmation hearings for President-elect Donald Trump ’s nominees for various positions led to several splits in terms of policy between the would-be department heads and their boss. Eight more Cabinet-level nominees are slated to have their hearings in the final days
Inside Donald Trump's Wealthy Cabinet and Administration Picks
While Donald Trump's cabinet selection process is far from finished -- there are still eight spots that have not been announced -- nearly all of the picks that have been announced are wealthy individuals, in addition to himself. By comparison, when then-President George W. Bush assembled his
McDonald's, Coca-Cola Come Up Short
Morning Money Memo: ABC News’ John Kapetaneas reports: McDonald’s and Coca-Cola both missed analysts estimates this quarter, with McDonald’s posting a 1 percent drop in profits while Coke saw a nearly 3 percent decline in revenues. The fast-food and soda maker stood in contrast with...
Economy's funk isn't claiming a lot of companies, so far
Q: Is the recent downturn in the economy and stock market putting more companies at risk of going bankrupt? A: Following the financial crisis of 2008, investors got a harrowing lesson on how even big companies can, indeed, fail. The collapse of Lehman Brothers, Washington Mutual and IndyMac Bancorp
'Right to Be Outraged:' Pay Czar Slams Banks for Executive Pay After Bailouts
Kenneth Feinberg Finds Bailed-Out Banks Awarded $1.6 Billion in Bonuses Amid Financial Crisis
Market Sneak Peak
So there's not a lot of economic reports this week tells where things stand so what be watching. Well this will certainly be giving Orion earnings you've got and number of other Dow components. A coming out earnings this week still have our eye on that that's really the the picture that analysts
GMAC CEO de Molina Resigns, Carpenter Takes Over
ABC's Matt Jaffe, Zunaira Zaki and Dan Arnall report: GMAC today announced that CEO Alvaro de Molina has resigned and will be replaced by one of the company’s board members, Michael Carpenter. De Molina said in a statement that he...
Today’s Qs for O’s WH – 11/3/2009
TAPPER: Working on good governance and anti-corruption (in Afghanistan) -- those are general goals. What are some specific things that you guys would be looking for?