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Wednesday, February 22, 2012

U.S. Top News Early Edition: Obama to propose corporate tax rate of 28 percent

Reuters
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02/22/2012
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Obama to propose corporate tax rate of 28 percent
WASHINGTON (Reuters) - 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. | Full Article
U.S., French journalists killed in Syria
February 22, 2012 08:27 AM ET
AMMAN/BEIRUT (Reuters) - American correspondent Marie Colvin and French photographer Remi Ochlik were killed in the besieged Syrian city of Homs on Wednesday when rockets fired by government forces hit the house they were staying in, opposition activists and witnesses said. | Full Article
Fitch downgrades Greece on debt swap plan
February 22, 2012 09:05 AM ET
ATHENS (Reuters) - Fitch cut Greece's long-term ratings on Wednesday to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden. | Full Article
Assad seeks to bomb Homs into submission, alarms world
February 22, 2012 08:31 AM ET
AMMAN (Reuters) - Syrian President Bashar al-Assad's forces, trying to hammer the city of Homs into submission, on Wednesday killed 19 more people including two Western journalists in an onslaught that has caused an international outcry for intervention to end the bloodshed. | Full Article
Four killed, many wounded in Afghan Koran protests - report
February 22, 2012 09:37 AM ET
KABUL (Reuters) - Four people were shot dead and dozens wounded in protests in Afghanistan which flared for a second day on Wednesday in several cities over the burning of copies of the Koran, Islam's holy book, at NATO's main base in the country, officials said. | Full Article
BUSINESS NEWS
US STOCKS-Wall St opens slightly lower
February 22, 2012 09:36 AM ET
NEW YORK (Reuters) - U.S. stocks opened slightly lower on Wednesday, putting the S&P 500's three-day winning streak in jeopardy after weaker-than-expected euro zone economic data. | Full Article
Citi, UBS provide keys to interest rate-rigging probe: sources
February 22, 2012 09:24 AM ET
(Reuters) - Citigroup Inc and UBS AG , in a series of disclosures to law-enforcement officials, have provided crucial information to investigators in multiple countries as part of inquiries into whether the world's biggest banks manipulated a global benchmark interest rate, according to people familiar the situation. | Full Article
Peugeot and GM discuss production deal: sources
February 22, 2012 07:13 AM ET
PARIS (Reuters) - General Motors and PSA Peugeot Citroen are discussing a broad manufacturing alliance designed to stem losses in Europe and lower production costs elsewhere, sources with knowledge of the matter said. | Full Article
Euro zone teetering on brink of recession
February 22, 2012 08:24 AM ET
LONDON (Reuters) - The euro zone economy is in danger of tipping into recession, with the services sector shrinking this month along with manufacturing, tempering a wave of optimism after a new bailout deal for Greece struck this week. | Full Article
Shell to buy Cove Energy for $1.6 billion
February 22, 2012 08:49 AM ET
LONDON (Reuters) - Royal Dutch Shell Plc has made an agreed 992.4 million pounds ($1.6 billion) bid for Mozambique-focused Cove Energy , offering a full price to open up a new gas frontier for the Anglo-Dutch oil major in East Africa. | Full Article
HEALTH NEWS
FDA acts to stem shortages of two cancer drugs
Debate over conscience in the workplace intensifies
Gender "non-conformity" tied to abuse: study
Johnson & Johnson CEO Weldon to step down in April
Obesity rates rise, threaten health in OECD nations
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