nomination

Next Commerce Chief Will Play Key Role on Exports

This week, President Obama announced that he's nominating Commerce Secretary Gary Locke as U.S. Ambassador to China. There are several short-list contenders to replace Locke at Commerce, but the question is: Who would best be able to help Obama double U.S. exports in the next five years?

Obama Resubmits Peter Diamond's Fed Nomination to the Senate

President Barack Obama resubmitted his nomination of Peter Diamond as a Federal Reserve Board member to the Senate after the original nomination was rebuffed. Obama nominated Diamond, an MIT economist, in April, but the nomination failed to carry over through the Senate%u2019s summer recess because of objections from at least one lawmaker.

New SEC Proxy Rule Gives Shareholders a Fighting Chance

In a clear win for the shareholders rights movement, the Securities and Exchange Commission announced Thursday that it was changing federal proxy rules to make it easier for companies' shareholders to nominate and elect directors to their boards.