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3XSQ: Obama, business should play nice, says Blankfein

Wednesday, 14 Nov, 2012 - 04:18

Nov 14 - The Obama administration should model itself after the Roosevelt administration, says Goldman Sach's Lloyd Blankfein.

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Ahead consent form over the list. Plus it's it's not just an ordinary DER. It's like a magic box. The back up and -- champions later in the show. What does this three times this Wednesday from Reuters world headquarters in new York power player of the day shutout but not silence. Goldman Sachs CEO Lloyd Blankfein not invited to a meeting today between corporate executives and the president to discuss the fiscal clip. It wall street journal editorial Blankfein clean compromise between the two sides. To avoid derailing the fragile recovery Goldman boss endorsing the closing a tax loopholes along with spending cuts. To keep the economy on track he also backs raising taxes on the wealthy. The recovery in the US helping Cisco systems' CEO John Chambers seeing signs of improvement in business here. Well -- his comments from August about trouble in Europe. Overall the tech giant posting quarterly results that topped estimates it would forecast flat earnings shares of the Dow component rising. Toyota experiencing problems just about everywhere the automaker were calling another two point eight million Prius is and -- is from the US Japan and Europe. Steering and water -- -- to blame this time we called more than seven million cars last month to fix power windows witches. The one analyst points out the recall may be a sign -- a more aggressive stance by Toyota to fix issues after its recall crisis a few years ago. US listed shares down in early trading. Americans buying fewer cars in October our daily -- minus three tenths of 1%. The decline in retail sales last month led by more than 1% drop in on us -- Apparel sales at electronics sales also fell the overall decline the first in June. Analysts say hurricanes and he may have contributed to the weakness that the departments as it appears the storm had a positive and negative effect on sales. In Europe a storm of protest over austerity measures are -- helpful joins us from -- an axle it's been a quiet but saying not so much. Yet not millions of people on the streets across Europe by Lisa mainly the south. -- cities like Madrid Lisbon Barcelona. Beautiful cities side in the south -- so shining very fact that that net to protest basically spending counts. Which they say the people on the streets of -- deputy economic crisis was hundreds of flights have been canceled across the region. -- factories closed trains barely running in Spain and Portugal web by the way unions held their first set of -- coordinated strikes. I had to give you a bit of a bit of flavor -- tolerance Spain processes have been jamming cash machines with -- In Barcelona hundreds of trash cans have been taken off the streets stopped by the being set fire to set. A -- why -- movement and I say that because although that -- those in countries like France and Germany. I'm holding what that according solidarity strikes went -- what was seen in this house. A big deal. Yes that to say the least it's well lots bring out there okay -- thanks so much. And finally he spoke throwing hail Mary by signing New York -- second string quarterback. Tim Tebow for its first national TV ads get it. I've decided to be a spokesman. And not just because the name sounds cool. It's -- -- and since Hugo -- Team so we'll shield for Tebow in five TV commercials which begin airing November 27. The digital recording service also offering be -- TiVo's own highlighting the quarterback's favorite shows and movies. But -- jets fans if you Tebow Tebow and company last Sunday and have -- watch the game yet deleted it is ugly. That's the latest -- times where this Wednesday you can follow us on Twitter at Reuters Insider and check out our writers YouTube channel at Reuters dot com slash writers TV. I'm Lisa Bernhard this is where others.

3XSQ: Obama, business should play nice, says Blankfein

Wednesday, 14 Nov, 2012 - 04:18

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