MARKETS / FINANCE

The Internal Revenue Service would get an additional 5,100 employees under President Barack Obama's increased budget request, setting up a clash with Republicans who advocate cuts for the tax collection agency.

Chinese inflation was lower than expected at 4.9 percent in the year to January, though price pressures continued to build and will force the central bank to stick to its course of monetary tightening.

Asian stocks rose slightly on Tuesday after China's closely-watched inflation data failed to surprise markets, while the euro regained some ground after hitting a three-week low the previous day.

Chinese inflation was lower than expected at 4.9 percent in the year to January, though price pressures continued to build and will force the central bank to stick to its course of monetary tightening.

Transatlantic exchange operator Nasdaq OMX Group Inc has lost its chief financial officer Adena Friedman, who is quitting to take the same position at Washington, D.C.-based private equity firm Carlyle Group .

China's Huawei is resisting calls to divest recently acquired U.S. server technology firm 3Leaf, opting instead to wait for a decision from the White House before taking action.

President Barack Obama revived earlier proposals to raise tens of billions of dollars by cutting tax breaks enjoyed by America's biggest companies, ideas that have floundered in Congress for several years.

President Barack Obama on Monday proposed an ambitious long-term transport spending plan in his 2012 budget as a way to boost U.S. economic competitiveness and spur job growth.

FedEx Corp cut its earnings forecast for the current quarter, citing disruption from winter storms in the United States and Europe and higher fuel prices, sending shares lower in post-market trading.

President Barack Obama on Monday proposed spending almost $110 billion on Afghanistan, signaling little let-up in the U.S. war drive despite demands for tougher spending controls at home.

The debts assumed by the Western democracies will overwhelm their economies and lead to the end of our current Dollar-denominated, global currency regime. This has profound implications for Americans' standard of living and our empire's role in the world.

The top government auditor for bailouts of U.S. financial firms and automakers on Monday resigned his position as the $700 billion Troubled Asset Relief Program winds down.

Defense Secretary Robert Gates played down the accuracy of troop figures outlined in a budget request unveiled on Monday, saying the pace of the upcoming drawdown in Afghanistan was still unclear.

President Barack Obama on Monday proposed halving the U.S. deficit by 2013 and cutting $1.1 trillion over the next decade in a budget he called a downpayment on fiscal control.

President Barack Obama proposed on Monday boosting funds for clean energy research and deployment in his 2012 budget by slashing subsidies for fossil fuels such as oil, gas and coal.

Social Security would not change significantly under President Barack Obama's 2012 budget plan, leaving for later a fiscal reckoning on the massive U.S. pension program for the elderly and disabled.

Gold rose above $1,360 an ounce on Monday on fears that Egypt's unrest could spread across the Arab world, while silver gained 2 percent on strong industrial demand driven by signs of an improving economy.

Bookseller Borders Group Inc is reviewing bids from liquidators to close hundreds of stores as it works out the final details of its impending bankruptcy filing, according to people close to the talks.

President Barack Obama on Monday proposed halving the deficit by 2013 and cutting $1.1 trillion over the next decade in a budget he called a downpayment on fiscal control.

President Barack Obama on Monday proposed an ambitious long-term transport spending plan in his 2012 budget as a way to boost U.S. economic competitiveness and spur job growth.

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.

In a dealmaking world where big Wall Street investment banks rule, Denis Bovin and Michael Urfirer show that small can be beautiful.

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.

Reports that Google has held takeover talks with Twitter that value the microblogging site at as much as $10 billion are just a rumor, Chief Executive Dick Costolo said on Monday.

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.

Chrysler Group LLC's application for federal loans is moving ahead and will not be affected too much by proposed cuts in the Obama administration's budget, the head of the U.S. Department of Energy said on Monday.

NEW YORK, Feb 14 - As more Chinese companies trade on U.S. stock exchanges, investors are increasingly suing them for securities fraud in U.S. courts -- and slamming into a host of legal and bureaucratic barriers.

Energy and commodity shares lifted Wall Street to modest gains on Monday, but the lowest volume so far this year indicated the equity rally may be near a top.

Big pharmaceutical companies could face increased competition from generic drugmakers under two proposals put forth by the Obama administration on Monday.