President Barack Obama needs a new Treasury secretary. Timothy Geithner has made clear that he intends to leave. Furthermore, it is time to bring some fresh thinking to two vital issues: fiscal policy and financial-sector oversight.
The executive suite at Citigroup Inc.’s headquarters in New York where Michael Corbat has his office hasn’t been renovated since its previous occupant, Vikram Pandit, vacated the premises in October 2012.
Roche Holding AG agreed to buy the rights from Spain’s Oryzon Genomics SA to an experimental drug that’s meant to switch on genes that block the growth of cancer, a new area in the crowded field of potential oncology therapies.
Former Federal Reserve Chairman Paul Volcker and former Citigroup Inc. co-chairman John Reed have been named to a Federal Deposit Insurance Corp. panel that will help the agency map strategy for unwinding too-big-to-fail financial firms when they collapse.