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Yahoo Business News - Obama Administration, KPMG, White House, Tesla Motors Inc

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Obama budget talks sale of largest public utility
NASHVILLE, Tenn. (AP) — The Obama administration's 2014 budget is calling for a strategic review of the Tennessee Valley Authority, opening the possibility that the largest U.S. public utility could be sold.

Ex-KPMG auditor's lawyer says inside trader cooperating with FBI
By Emily Flitter NEW YORK (Reuters) - The man who had received inside information on Herbalife Ltd and footwear maker Skechers USA Inc from a senior KPMG auditor in Los Angeles is cooperating with federal investigators, the former auditor's lawyer said on Wednesday. "This was a pretty contained investigation," said Harland Brawn, the lawyer representing Scott I. London. London left KPMG last week after admitting to sharing non-public information about the nutritional products group and footwear maker with a golfing buddy who used it to trade stocks. ...

White House projecting slow economic gains ahead
President Barack Obama's new federal government budget outline depicts a still-fragile economy continuing its slow but steady recovery from the deep 2007-2009 recession.

Tesla CEO pushes Texas to allow direct-to-consumer car sales
By Corrie MacLaggan AUSTIN, Texas (Reuters) - Tesla Motors Inc Chief Executive Elon Musk is pushing to change Texas law to allow his electric car company to sell directly to consumers, and he took his fight to the state Capitol on Wednesday. Texas law prevents Tesla from selling its cars directly to the public - as it does in other states - because it does not have a relationship with a franchised dealer. In Texas, new vehicles are generally required to be sold through dealers. ...


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