UNITED STATES

Obama

Obama to Propose 28% Corporate Tax Rate

The Obama administration on Wednesday will propose cutting the top tax rate for corporations to 28 percent, and pay for it by eliminating dozens of tax loopholes companies now use to lower their rates, a senior administration official said.
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Futures dip after euro zone data; Dell slides

U.S. stock index futures slipped on Wednesday, indicating the S&P 500 may snap a three-day winning streak after weaker-than-expected euro zone data and ahead of a report on the U.S. housing market.
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Has the battery run out on India's $35 tablet computer?

A $35 computer launched last year in India as the world's cheapest tablet has run into problems and companies will be invited to bid again to make the device after complaints of poor performance and hiccups rolling out a pilot model.
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Top Olympus lender denies board ambush, but may fill chair

Olympus Corp's main lender Sumitomo Mitsui Banking Corp denied it was trying to take control of the firm's board by stealth, but said it might well agree to send a former banker to be chairman of the disgraced camera and medical device maker.
Syrians

Will U.S. Arm Syrian Rebels?

Senators John McCain and Lindsey Graham threw the Syrian gauntlet down to President Barack Obama, saying that anti-Assad protesters should be armed by the U.S.
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Kim Dotcom wins bail in fight against U.S. extradition

U.S. crime-fighters failed in a bid to keep alleged Internet pirate Kim Dotcom behind bars on Wednesday when a New Zealand court freed him from jail and instead put him under effective house arrest and banned him from using the Internet.
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Cloud computing report slams Brazil, India, China

A U.S. software industry report on Wednesday chided Brazil, China and India for policies it said threatened the future of cloud computing, but also took aim at developed countries such as Germany that did well on its inaugural scorecard.
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Merrill raises bid for rivals' top brokers: sources

Bank of America's Merrill Lynch has launched a more aggressive recruiting campaign for top-tier brokers, including a bonus paid for transferring client assets after six months at the firm, two sources familiar with the new plan said Tuesday.
US Central Intelligence Agency

CIA to software vendors: A revolution is coming

The U.S. Central Intelligence Agency told software vendors on Tuesday that it plans to revolutionize the way it does business with them as part of a race to keep up with the blazing pace of technology advances.
Aakash Tablet

Aakash, World's Least Expensive Tablet Gets Update: UbiSlate 7+ Debuts

Aakash, the $35 tablet computer released in October for Indian schoolchildren has a successor, dubbed the UbiSlate 7+, a slightly more expensive tablet for impoverished students in Latin America, Egypt, Thailand and Brazil. Due to huge demand for inexpensive Internet access in third world countries, DataWind, the company that made the Aakash, has been overwhelmed with interest in the device.

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