Meeting with 12 executives representing small banks, President Barack Obama vowed Tuesday to press federal agencies to "cut some of the regulatory red tape" that may be limiting the ability of community bankers to lend more as the economy recovers.
Barter is not new, but its use is picking up in lean times. With companies trimming costs in the recession, barter is a potential tool for either the business owner or financial manager to leverage a company's cash.
Exxon Mobil Corp. said Monday that it will buy domestic energy company XTO Energy Inc. in an all-stock deal valued at $41 billion as the blue-chip giant moves to boost its presence in the unconventional-natural-gas business.
The Treasury Department has told four bailed-out companies that they can't pay some top earners more than $500,000 cash per year. But it's told the official who made that decision that the rule shouldn't always apply.