Obama seeks corporate tax break cuts for revenue
President Barack Obama revived earlier proposals to raise tens of billions by cutting tax breaks enjoyed by America's biggest companies, ideas that have floundered in Congress for several years.
UPDATE 2-Obama budget targets brand name medicines
Big pharmaceutical companies could face increased competition from generic drugmakers under two proposals put forth by the Obama administration on Monday despite earlier savings extracted from drugmakers as part of last year's healthcare law.
Calpers shifts property focus to private deals
The board of Calpers, the biggest U.S. public pension fund, voted on Monday to drop real-estate stocks from its property portfolio by eliminating real estate investment trust holdings and focusing instead on private transactions.
Obama floats $30 bln bank tax as TARP costs shrink
The Obama administration is proposing a much smaller $30 billion tax on the largest financial institutions, in line with shrinking U.S. corporate bailout costs.
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DOE moving ahead on Chrysler loans: Chu
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Starbucks, Green Mountain in partnership talks: source
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Drugmakers could take hit under Obama budget
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CES 2021 Highlight: HONOR Band 6 Global Version Launch, The Most Functional Affordable Fitness Tracker to Date
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Kids for Cash trial: Former Pa. judge Ciavarella claims money was 'finder's fee'
The trial of Mark A. Ciavarella Jr., a former Pennsylvania judge who has been charged with honest services fraud, wire fraud and tax evasion in connection with receiving $2.6 million in kickbacks from a private juvenile jail facility, resumes today and is grabbing national attention as the case highlights the dangerous gap in the juvenile justice systems of many states - children appearing in court without lawyers.
Wall Street ends flat in lowest volume of year
U.S. stocks ended little changed on Monday in the lowest volume so far this year, indicating the equity rally may be near a top.
Wal-Mart names VP to research consumer trends
Wal-Mart Stores Inc named Cindy Davis as executive vice president of a new team that will study customer trends, an appointment that comes as the world's largest retailer tries to reinvigorate U.S. sales and continue its worldwide expansion.
Banks face ratings downgrade in Moody's review
Some banks' credit ratings will be cut as governments make it easier to wind up failing lenders and force debtholders to pay for rescues, rating agency Moody's said on Monday.
White House budget sees full economic recovery
The White House assumes the U.S. economy will fully recoup losses incurred in the latest recession by 2017, putting it at odds with many private economists who believe the downturn left permanent scars.
Ethanol best hope to replace oil: BP’s Dudley
Once the world’s crude oil reserves finally run out, the best hope for a replacement is ethanol derived from Brazilian sugar-cane, according to Bob Dudley, the chief executive of BP (NYSE: BP).
Jazz pianist George Shearing dies at 91
British-American jazz piano legend, Sir George Shearing, has died of cardiac arrest in New York City at the age of 91.
Budget proposal only a temporary fix: S&P
President Barack Obama's budget proposal for 2012 is not a permanent fix for finances and chances are it will be watered down in Congress, Standard & Poor's chief economist said on Monday.
Full Text of Obama's 2012 Fiscal Year Federal Budget Proposal - February 14, 2011
President Barack Obama unveiled the fiscal year 2012 budget on February 12, 2011. The total budget is $3.73 billion in spending. The budget deficit which accompanies the budget is $1.65 trillion.
Consumers would pay for premium telco services: study
Frustrated with slow mobile Internet speeds and stalling videos, consumers are willing to dole out extra cash for better telecommunicaitons services, allowing more pricing room for operators, a global report showed on Monday.
D. Boerse labor rep warns of losing control to NYSE
Deutsche Boerse risks ceding control to NYSE Euronext , a supervisory board member at the German exchange said on Monday.
D. Boerse, NYSE dodge issues to seal deal outline
Deutsche Boerse and NYSE Euronext have an agreement in principle on the broad outlines of a merger, but are side-stepping thorny political issues, two sources familiar with the plan said.
Top Republicans say Obama budget plan to 'destroy jobs,' 'fails'
Top House Republicans reacted to President Barack Obama's 2012 budget proposal on Monday, saying that it would destroy jobs and that the President missed a unique opportunity to reduce the federal government's budget deficit, which would rise to $1.65 trillion under the plan.
Boehner says it’s not his job to convince Birthers they are wrong (VIDEO)
During an interview of NBC’s “Meet the Press” news talk show on Sunday, Speaker of the House John Boehner said that while he believes that President Barack Obama is a U.S. citizen and a Christian, he added that isn’t his responsibility to persuade people who questioned Obama’s origin and religion
Rumors swirling about Mubarak’s health and whereabouts
Rumors and speculation are swirling regarding the whereabouts and health of deposed Egyptian ruler Hosni Mubarak.
Obama's Remarks on Unveiling of the 2012 Federal Budget (Full Text)
The following is a White House Transcript of President Barack Obama's remarks on the unveiling of his proposal for the U.S. 2012 fiscal year federal budget as delivered at Parkville Middle School and Center for Technology in Baltimore, Maryland on February 14, 2011.
Yemen police struggle to break up clashing protesters
Hundreds of anti-government demonstrators clashed with supporters of Yemen's president on Monday south of the capital, with both sides hurling rocks as protests escalated in the impoverished Arabian Peninsula state.
Pakistan charges killer in blasphemy case
A Pakistani court charged a police guard Monday with the murder of a politician who opposed the country's anti-blasphemy laws, a killing that exposed deep fissures in Pakistani society.
Suicide attack on Kabul hotel kills two
A suicide bomber killed at least two people in an assault on a downtown Kabul hotel Monday, the second attack in the capital in less than three weeks, Afghan and Western officials said.
Egypt's military eyes constitutional referendum
Egypt's new military rulers have given indications of new moves to share power with civilians and rapidly to amend the constitution by popular referendum, opposition activists and a British minister said on Monday.
Stock futures dip after strong run for stocks
U.S. stock index futures edged lower on Monday after Wall Street posted two straight weeks of gains that drove indexes to new multi-year highs and investors worried the market is overextended.
Gold rises above $1,360, inflation in focus
Gold rose above $1,360 an ounce on Monday as the dollar's retreat from highs versus the euro took some pressure off prices, with a second consecutive weekly price rise underpinning investors' confidence in the metal.
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