February 23, 2012
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Obama to propose corporate tax rate of 28%
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.
Latest News
Wall Street opens slightly lower
Stocks were little changed on Wednesday as an encouraging US housing report offset soft euro zone data, while the S&P 500 struggled to break through a high not seen since last May.
Boeing says flaw could affect 55 Dreamliners
About 55 of Boeing Co's 787 Dreamliner jets could have a recently discovered flaw in the fuselage.
Fitch downgrades Greece, will reassess after debt swap
"The exchange, if completed, would constitute a 'distressed debt exchange'," Fitch said.
Chinese telecom companies strike big deals with US firms
So far the US high tech markets were kept aloof from Chinese companies due to security as well as IPR concerns.
Yunus proposed as World Bank President
The Prime Minister has requested the European Union to use its good office for Dr Yunus for the presidency of the World Bank.
Eurozone PMIs slide, heightening recession fears
The eurozone's service sector shrank unexpectedly this month, reviving fears that the economy risks sinking into recession, a business survey showed.
French police detain Strauss-Kahn in sex ring probe
French police detained former IMF chief Dominique Strauss-Kahn for questioning over allegations he took part in orgies in Paris and Washington with prostitutes paid for by businessmen.
Callers from India bilked millions from US citizens
Federal authorities have cracked down on a California-based company that used the services of call centers in India to make fake, very often threatening, debt collector calls to consumers in the US.
Europe's debt crisis set to dominate G20 talks
Europe's debt crisis will dominate talks between Group of 20 (G20) policymakers this weekend as the rest of the world looks for pledges that the eurozone will boost its crisis safety net.
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MCX IPO subscribed 91% on 1st day
Econet seeks $3.1 bn damages from Bharti Airtel
Bank bailout for Kingfisher hangs in balance
GDP to grow 7.5-8%; raise taxes, fuel prices: PMEAC
Four Indian B-schools in Asia Pacific top 10 list
Wall Street opens slightly lower
2G case: Notice to CBI on Balwa's plea
Peugeot and GM in alliance talks: Sources
PNB to sell stake to LIC for Rs 1,590 crore
Karat slams UPA Govt for neo-liberal economic policies
Govt to shelve Aakash tablet deal
Warring Ambanis unite for father's memorial
World's most fuel efficient car at Delhi Auto Expo
Bajaj launches its first-ever 4-wheeler 'RE60'
Delhi Auto Expo : Big boys of Day 4
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Decontrol diesel prices; raise excise duty: PMEAC
SBI to bail out Kingfisher?
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