February 22, 2012 09:04 AM
President Barack Obama is proposing to cut the corporate tax rate from 35 percent to 28 percent and wants an even lower effective rate for manufacturers, a senior administration official says, as the White House lays down an election-year marker in the debate over tax policy.
Source: Associated Press CONTINUE READING
February 22, 2012 09:05 AM
The new U.S. Consumer Financial Protection Bureau is weighing a crackdown on checking account overdraft fees charged by banks, saying the charges can "inflict serious economic harm" on consumers.
Source: Reuters CONTINUE READING
February 22, 2012 09:07 AM
The U.N. nuclear watchdog ended its latest mission to Iran after talks on Tehran's suspected secret atomic weapons research failed, a setback likely to increase the risk of confrontation with the West.
Source: Reuters CONTINUE READING
February 22, 2012 09:09 AM
An oil-led economic boom, hosting of the 2014 soccer World Cup and the 2016 Olympics, and a plunge in violent crime are making Rio de Janeiro, called Cidade Maravilhosa, feel like the "Marvellous City" for the first time in decades.
Source: Reuters CONTINUE READING