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College Students to get tax credits worth $18.2 billion in 2011

The American Opportunity Tax Credit is expected to benefit 9.4 million college students in the country in 2011

Co-chiefs of Indian IT major Wipro resign as sales drop below estimate

India’s third largest software exporter Wipro Ltd. has announced the resignation of the joint Chief executives of its IT Business, Suresh Vaswani and Girish Paranjpe

China rate hike looms as inflation becomes political issue

Close on the heels of a China central bank adviser hinting at an imminent rate hike, a state-controlled newspaper has said more rate hike is on the cards, probably as early as in February, confirming the dominant view that Beijing will pull out all the stops to address what is becoming a serious political problem.

Apple Said to Double iPad 2 Resolution

Apple could increase the resolution of its next-generation iPad (iPad 2) in a move that would put Apple far ahead from the reach of its competitors.

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China's Hu rapped by Congress, assures U.S. in speech

Chinese President Hu Jintao got an earful of U.S. lawmakers criticism on North Korea and human rights on Thursday, but tried to assure the United States that China's military and trade policies were not a threat.

U.S. warns China on North Korea; crisis talks in days

The United States warned China that if it didn't rein in its ally North Korea it would redeploy forces in Asia, the New York Times reported on Friday, as Pyongyang bowed to pressure and agreed to crisis talks.

Obama's speech on 50th Kennedy Inauguration Anniversary (FULL TEXT)

The following is a White House transcript of remarks by President Barack Obama as delivered at the 50th Anniversary of John F. Kennedy's Inauguration, at the Kennedy Center in Washington D.C., on January 20, 2011.

HSBC economist backs Gillard’s flood levy, says tax a good tool to deal with crisis

HSBC cuts 500 U.S. jobs, pares credit card work

HSBC Holdings Plc is laying off about 500 employees as it ends credit card customer service and collections work at a center in New Castle, Delaware.

AMD says focused on chip launch despite CEO departure

PC chipmaker Advanced Micro Devices Inc reported solid earnings and said there was no strategic shift toward the mobile market following the former CEO's recent departure.

Mobile marketer TIM w.e. eyes U.S. listing: sources

TIM w.e., a Portuguese mobile and digital marketing company, is planning to list on New York's Nasdaq, three people familiar with the matter said on Thursday.

Wi-LAN and Broadcom to settle patent lawsuits

Patent licensing firm Wi-LAN Inc said it would settle its patent litigations with U.S. chipmaker Broadcom Corp for an undisclosed amount.

AIG's financial condition improving: U.S. watchdog

American International Group's financial health is showing signs of improvement because of the billions of dollars in taxpayer funds used to bail out the ailing insurer, a government watchdog agency said on Thursday.

Verizon challenges net neutrality rules

Verizon Communications is going to court to challenge the top U.S. telecommunications regulator, saying the FCC overstepped its authority with the recent adoption of open Internet rules.

P&G, big U.S. firms push for lower corporate rate

The top executive of Procter & Gamble Co took the business case for lower taxes to U.S. lawmakers on Thursday, although political leaders see a long road ahead to the tax rewrite that could cut the rate.

China knows yuan move in its interest, Biden says

China understands a stronger yuan is in its best interest although President Hu Jintao made no specific commitment to let the currency rise more rapidly, U.S. Vice President Joe Biden told Reuters on Thursday.

Stocks edge down, despite benevolent economic data

Stocks closed modestly lower, but well above intra-day lows, as the tech sector incurred the heaviest losses on fears of Chinese interest rate hikes.

Hu says China no threat, seeks win-win US ties

Chinese President Hu Jintao on Thursday called for closer U.S.-China cooperation on economic and security issues, especially in the Asia Pacific region where both countries have strong interests.

Column: China to replace U.S. as top economic power says GE CEO

For Jeff Immelt, the CEO of General Electric (GE.N`), the 130 year-old American industrial behemoth, the financial crisis marked the end of the age of America's economic dominance.

COLUMN: Dear Baroness Warsi: We’re all Muslims!

Many (perhaps most) Westerners simply make no distinction between Muslim, Hindu or Sikh; or even much of a distinction between Indians, Pakistanis, Arabs or Iranians.

George Clooney caught Malaria on Sudan trip

George Clooney, who has been drawing attention to the humanitarian crisis in Sudan since 2005, contracted Malaria while visiting the country earlier this month, according to a published report.

JFK airport terrorist attack conspirator sentenced to 15 years in prison

Abdel Nur, a Guyanese national, has been sentenced by a U.S. district court judge to 15 years in prison for providing material support to a terrorist group that had conspired to attack John F. Kennedy International Airport in Queens, New York, by exploding fuel tanks and the fuel pipeline under the airport.

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