UNITED STATES

Tax hike, amnesty plan boost Illinois revenue

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Illinois' fiscal 2011 revenue jumped nearly $3.4 billion over fiscal 2010 collections due mainly to a big income tax rate hike and a tax amnesty program, a legislative commission reported on Thursday.

iPhone 5 September 2011 Debut & iPhone 6 on the Horizon in 2012

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While rumors swirl around iPhone 5, details around the sixth generation of iPhones has also been unveiled little by little. The iPhone 6 is said to be launching in 2012, featuring a new way of charging the phone, claimed a Wall Street Journal report.
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Dim sum market stirs U.S. borrowers

by Andrea JohnsonBRADENTON/NEW YORK, July 7 - One of the U.S. high-grade market's favorites, Caterpillar Financial Services, is becoming quite the regular issuer in the offshore yuan-denominated market, also called the dim sum or CNH bond market.
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Morgan Stanley private wealth arm hires Baranski

Morgan Stanley's wealth management arm for the super-rich hired a former Merrill Lynch private banking executive, Devon Baranski, to lead its U.S. Southwest region, according to an internal memo obtained by Reuters.
Progress at White House Debt Talks

Obama on Debt Talks: 'Constructive' but Gaps Remain

They're getting there. That, in a few words, perhaps best characterizes the state of the nation's debt ceiling talks. President Barack Obama said Thursday Congressional Democrats and Republicans are making progress toward deficit reduction and raising the debt ceiling, but big gaps remain.
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Cuban cellphones hit 1 million, Net access lags

The number of Cubans using cellphones has risen sharply two years after the government lifted restrictions on mobile telephones, but few people have a personal computer or access to the Internet, according to a report released on Thursday.
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ADP, retailers lift shares before jobs report

Stocks rallied on Thursday, with the Nasdaq up for an eighth straight day, as strong labor market and retail sales data lifted optimism a day before the U.S. employment report for June.
Casey Anthony and Daughter Caylee Before Caylee's Death

Hundreds Show Support for 'Caylee’s Law'

An Oklahoma woman is looking to petition U.S. lawmakers to Create Caylee's Law, which would make it a felony to not report a child's death or disappearance in a timely manner.

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