Obama proposes 14 percent tax on U.S. companies' untaxed foreign earnings

President Barack Obama's fiscal 2016 budget would impose a one-time 14 percent tax on some $2 trillion of untaxed foreign earnings accumulated by U.S. companies abroad and use that to fund infrastructure projects, a White House official said.


Deadline passes in U.S. refinery workers contract talks

Union leaders and oil companies were unable to agree on a new labor accord on Saturday for workers at 63 U.S. refineries as a deadline passed that could lead to a strike.

Greek turmoil an unexpected boon for German AfD eurosceptics

The new Greek government's anti-bailout stance has sent shudders through much of Europe but Germany's euroskeptic AfD party can hardly believe its good fortune ahead of a regional election as a breakup of the euro zone suddenly appears possible.

China factory sector jolts by shrinking in January

China's factory sector unexpectedly shrank for the first time in nearly 2-1/2 years in January and firms see more gloom ahead, an official survey showed, raising expectations that policymakers will take more action to forestall a sharper slowdown.


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There will be one happy billionaire on Sunday when either Seattle Seahawks owner Paul Allen or New England Patriots counterpart Robert Kraft hoists the Vince Lombardi Trophy as the Super Bowl champion.
The Obama administration on Friday proposed a plan to move most doctors, hospitals and their patients to national standards for handling electronic clinical data by the end of 2017.
McDonald's Corp. (MCD.N) will open fewer new restaurants in Russia this year than last because a fall in the rouble has increased expansion costs and is hurting consumers, its Russian chief executive Khamzat Khasbulatov told Reuters.
A U.S. Treasury official and a director at the New York Federal Reserve are among those who have been considered to replace two hawkish Fed policymakers, according to people familiar with the searches.
A lavish payout to public employees ordered by Saudi Arabia's new King Salman will help to sustain the kingdom's consumer boom and reassure financial markets that the government is not slashing expenditure in the face of low oil prices.
German Chancellor Angela Merkel ruled out a debt writedown for Greece on Saturday, and a European Central Bank policymaker threatened to cut off funding to Greek banks if Athens does not agree to renew its bailout package.
Budget airline AirAsia Bhd resumed online promotions and advertising this week, a month after a plane operated by its Indonesia affiliate crashed into the Java Sea, killing all 162 people on board.
New Greek Prime Minister Alexis Tsipras, striking a conciliatory note on debt talks after a turbulent start to office, has called the European Central Bank chief to assure him that Athens was seeking an agreement.
The auto industry’s air bag troubles deepened on Saturday as U.S. federal safety regulators said three big automakers will recall about 2.1 million older vehicles to fix defects that could cause air bags to deploy when they are not supposed to.
Russia's central bank unexpectedly cut its main interest rate on Friday as fears of recession mount in the country following the fall in global oil prices and Western sanctions over the Ukraine crisis.
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