President Barack Obama urged the Republican-led U.S. House to pass changes to immigration law, focusing on an issue that may benefit his party as the flawed rollout of his health-care law hurts his popularity.
During a meeting in the West Wing of the White House this month, President Barack Obama’s aides posed an unusual question to business leaders across the table: How can the administration help House Speaker John Boehner?
Stephen Schwarzman, chief executive officer of Blackstone Group LP, said China offers good long-term opportunities because of the government’s economic management, after a recent economic slowdown proved milder than many analysts had forecast.
Blackstone Group LP, the world’s biggest manager of alternative assets including private equity and real estate, agreed to buy a 40 percent stake in Chinese shopping mall developer and operator SCP Co.
President Barack Obama urged a group of business leaders including McDonald’s Corp. Chief Executive Officer Donald Thompson and Marriott International Inc. CEO Arne Sorenson to put pressure on congressional Republicans to pass a new immigration law by year’s end.
Stephen Schwarzman, founder of the world’s biggest private-equity firm, said U.S. President Barack Obama’s engagement with China’s new government is laying the groundwork for improved economic and military ties between the two nations.