Carlyle Group, the Washington-based private-equity firm that went public this year, is taking over operations of a Sunoco Inc. refinery on a bet that revived U.S. oil and natural-gas output can restore to profit the oldest continually operating refinery on the U.S. East Coast.
“I am told I cannot talk about industrial policy in polite American company,” Dow Chemical Co. Chief Executive Officer Andrew Liveris told a business audience last March. “I’m not sure why, since the world’s two strongest economies, Germany and Japan, both have such policies.”
After Murilo Ferreira helped Vale SA win a takeover battle for Canadian miner Inco Ltd. in 2006, his boss, Chief Executive Officer Roger Agnelli , promoted him to head the unit and build a global nickel business from Toronto.
U.S. labor unions will support the Occupy Wall Street demonstrations because the protests spreading nationwide have tapped into the anger of unemployed Americans, AFL-CIO President Richard Trumka said.
President Barack Obama asked Congress for $26 million and at least 50 people for a new U.S. panel to investigate unfair trade practices by nations including China, whose Vice President Xi Jinping arrives today for a U.S. visit.