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Geithner: Cut corporate tax rate substantially

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Treasury Secretary Timothy Geithner said on Tuesday that the United States needs to cut the corporate tax rate substantially with a goal in the high 20 percent range, down from the current 35 percent. A day after the White House unveiled a budget that seeks to trim the country's massive deficit, Geithner reiterated that the Obama administration
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Gold gains on weaker dollar, China inflation

Gold was set for its largest one-day rise in a week, aided by a weaker dollar and Chinese inflation data that soothed some concern over the prospect of rapid rate rises in the world's second-largest bullion consumer.
An anti-government protester waves an Egyptian flag at an elevated defense position alongside the Egyptian Museum near Tahrir Square in Cairo February 4, 2011.

Is the Worst Over for Emerging Market Stocks?

We believe that the worst is now over for emerging market equities. Moreover, we believe that the resignation of Hosni Mubarak as Egypt’s President will not only ease tensions in the region but will also restore confidence towards investing in emerging markets again
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Obama's Remarks on Unveiling of the 2012 Federal Budget (Full Text)

The following is a White House Transcript of President Barack Obama's remarks on the unveiling of his proposal for the U.S. 2012 fiscal year federal budget as delivered at Parkville Middle School and Center for Technology in Baltimore, Maryland on February 14, 2011.
An Egyptian soldier tries to calm opposition supporters outside the Interior Ministry near Tahrir Square in Cairo

Egypt army delivers ultimatum to Tahrir protesters

Egypt's military delivered an ultimatum on Monday to dozens of committed protesters in Tahrir Square, nerve centre of a movement that toppled Hosni Mubarak, to leave and let life return to normal or face arrest.
A man walks outside the Egyptian Stock Exchange in Cairo

Re-opening of Egypt stock market again postponed

The Egyptian stock market, which has been closed since January 28 amidst civil unrest in the country, will not re-open until at least Sunday, February 20, state-controlled television reported.
Oracle's Larry Ellison

Oracle’s Larry Ellison buys 249-acre Porcupine Creek

Larry Ellison, an American business magnate, co-founder and chief executive officer of Oracle Corporation, has bought the 249-acre estate that once belonged to Yellowstone Club founders Tim and Edra Blixseth called Porcupine Creek in Rancho Mirage, Calif.
 Obama plans 4G for 98% American household by 2016

Obama plans 4G for 98% American households by 2016

The United States plans to build high-speed 4G wireless services network and make it available to at least 98 percent of Americans households by 2016, President Barrack Obama said during a speech at Northern Michigan University in Marquette, Michigan.

China sees U.S. stoking Brazil, India anger over yuan

The United States has incited Brazil and India to criticise China's currency policy, but Beijing need not worry too much because it can defuse the tension through talks, a series of Chinese government advisers told Reuters.
A new study says upcoming wind farm and solar energy projects in in Hawaii could reliably provide energy for 25 percent of the state.

China Vice Premier urges reforms to tackle energy worries

China must speed up resource tax reforms to fight heavy pollution and also make a priority of energy-saving to stave off risky dependence on foreign supplies, the nation's Vice Premier Li Keqiang said in remarks published on Friday.
Manchester United's coach Alex Ferguson (R) talks to a facilities assistant during a training session at the Aspire Academy for Sports Excellence in Doha on Jan 2010.

Manchester United to be sold to Qatar Royal Family?

According to reports in the Daily Express, the Glazer family, owners of Manchester United Football Club, have closed in on a deal to sell the club to Qatar Holdings for £1.6 billion, double what they paid when they brought the club in May 2005.

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