President Barack Obama, trying to reset strained relations with the corporate world, said Wednesday he would pick the brains of America’s top business executives to help boost tepid U.S. growth and slow hiring.

“This morning I hope to elicit ideas from these business leaders that will help us not only climb out of recession but seize the promise of this moment,” Obama said in a statement.

Obama is meeting 20 top business leaders, including James McNerney, chief executive of Boeing Co., and John Chambers, chief executive of Cisco Systems Inc, to encourage them to ramp up hiring amid strong corporate profits. Get the full story »