12 Aug '11, 10pm

Obama meets top firm honchos

WASHINGTON: US President Barack Obama met Friday with top executives at marquee US firms like American Express and Johnson & Johnson, with the country's economy struggling and global markets prone to wild swings. "If they have suggestions for things that we can do to get our economy moving, then he's open to hearing those," White House spokesman Josh Earnest told reporters ahead of the closed-door talks. The group included top executives at Xerox, American Express, US Bank, BlackRock, Silver Lake Partners, Wells Fargo, US Steel, and Johnson & Johnson, according to a White House official, who requested anonymity. Obama's bid for reelection in November 2012 will likely hinge on his handling of the dismal US economy, which has struggled with unemployment at about nine percent as it claws its way up from the 2008 global collapse. "He does view this as an opportunity to talk to...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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