UNITED STATES

President Obama to Pitch Cutting Top Corporate Tax Rate of 35%

A view shows an Intel plant under construction in Chandler, Arizona January 25, 2012.
U.S. President Barack Obama will call for cutting the top 35 percent corporate tax rate as early as this month, according to two sources close to the administration. The president is likely to propose a rate closer to an average of those seen in peer nations, the sources said.

Walnut Growers Seek to Stop Sales to Diamond Foods Inc.

Walnuts sit in a trailer last Oct. 1 after being harvested in Lompoc, Calif.
Some California farmers plan to stop selling their walnuts to Diamond Foods Inc. in the wake of an accounting scandal over grower payments that has claimed the jobs of the snack company's CEO and chief financial officer.
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U.S. Republican presidential candidate and former Massachusetts Governor Mitt Romney addresses the American Conservative Union's annual Conservative Political Action Conference (CPAC) in Washington, February 10, 2012.

CPAC 2012: Conservatives Afraid of Losing Culture War to Liberals

Many of the discussions at the CPAC 2012 conference have centered on the pros and cons of the prospective Republican presidential nominees. However, some believe the cultural war against liberalism is actually more important than whether Mitt Romney can defeat Democratic President Barack Obama on Nov. 6.
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U.S. F-35 production slowdown may delay foreign orders

Washington's plan to further slow production of the F-35 Joint Strike Fighter is prompting its eight foreign partners to rethink their own orders, threatening a vital revenue stream for Lockheed Martin Corp and slowing its drive to make the stealthy new fighter jet as affordable as promised.
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Swiss bank Wegelin is fugitive in tax fraud case

Wegelin & Co, the oldest Swiss private bank, was declared a fugitive after failing to show up in a U.S. court to answer a criminal charge that it conspired to help wealthy Americans evade taxes.
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MF Global trustee sees $1.6 billion claims gap

The shortfall in funds available to pay back customers of MF Global's collapsed brokerage is at least $1.6 billion and could be more, the trustee liquidating the brokerage said on Friday.
Samsung Focus Flash

iPhone or Android: What’s the Best AT&T Smartphone Deal?

Every time a new expensive smartphone debuts on AT&T, new deals pop for some devices that have been out for even just a few months. That includes Android and iPhone prices, and Samsung just debuted the Galaxy Note, a $300 5.3-inch display Android monster. New releases push prices down on older phones, even as AT&T plays up the new phones' superior features.
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EU seen approving Google's Motorola deal: sources

Google Inc is expected to win approval next week from European regulators, as well as from U.S. antitrust authorities, for its planned $12.5 billion purchase of Motorola Mobility , according to people familiar with the matter.
Gold bars from the Oegussa plant

Gold Falls Along with Euro, U.S. Equities

Gold fell on Friday, following losses in the euro and U.S. equities,as uncertainty over negotiations for a bailout package for Greece prompted investors to sell the metal and hoard cash.
HTC Titan II

HTC Titan II LTE vs HTC Titan on AT&T: What's the Difference?

AT&T customers who are into Microsoft-powered smartphones have a new dilemma on their hands. Namely, figuring out what the difference between the HTC Titan II LTE and HTC Titan is. They do look very similar, and the fact they have the same name and screen size doesn't help much.
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January budget gap shrinks

The monthly budget deficit narrowed to $27.4 billion in January from $49.8 billion in the same month a year earlier, partly because some benefit payments normally made in January were shifted to December, the Treasury Department said on Friday.
Tesla Motors Model X

Tesla takes wraps off 'falcon-winged' Model X SUV

Tesla Motors Inc on Thursday showed off a prototype of its Model X, a battery-powered SUV that represents the company's bet that consumers will buy a range of electric vehicles spun from a common platform.
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Bernanke urges action to heal housing markets

Federal Reserve Chairman Ben Bernanke on Friday issued a call to action to restore U.S. housing markets, saying depressed house prices and sales are a serious drag on the economic recovery.
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Exclusive: Future of bank benchmark rate under review

A global probe into whether banks colluded to set the interest rates at which they borrow money from each other has thrown into question the future of the benchmark they use to price financial products worth an estimated $360 trillion.

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