Reuters: Top News - Breaking News - World News

[emirate]

WASHINGTON (Reuters) - President Barack Obama stepped up efforts to woo the U.S. business community on Monday, seeking its help to tackle "burdensome" corporate taxes in a speech to a business group that has long been a fierce critic.

Source: Obama tries to woo business, slams "burdensome" tax

[emirate]

PARIS (Reuters) - One warm July evening three years ago, John Leahy set off along London's river Thames in an electric punt. With Leahy, a sharp and energetic New Yorker who has been Airbus sales chief since 1994, were the company's Middle East president Habib Fekih and Tim Clark, president of Emirates Airlines, one of the fastest-growing airlines in the world.

Source: Special Report: The man who sold the sky

[emirate]

NEWARK, Delaware (Reuters) - The Federal Reserve should seriously consider pulling back on its $600 billion stimulus program given stronger growth and a brighter jobs picture, Richmond Fed President Jeffrey Lacker said on Tuesday.

Source: Fed should rethink stimulus given strong growth: Lacker

[emirate]

PHILADELPHIA (Reuters) - Vice President Joe Biden on Tuesday announced an ambitious $53 billion U.S. program to build new high-speed rail networks and make existing ones faster over the next six years.

Source: U.S. plans to inject $53 billion into passenger rail

[emirate]

WASHINGTON (Reuters) - Wealthy tax evaders with assets stashed offshore can come clean with U.S. authorities under a new amnesty program with reduced penalties, the government said on Tuesday.

Source: U.S. starts new amnesty for offshore tax cheats

[emirate]

WASHINGTON (Reuters) - U.S. securities regulators on Wednesday moved to scale back markets' reliance on credit rating agencies, after the financial crisis laid bare the industry's shortcomings.

Source: SEC to wean markets off credit ratings

[emirate]

LONDON/ATHENS (Reuters) - Suspected Somali pirates captured a U.S.-bound tanker carrying around $200 million worth of crude oil in the Indian Ocean on Wednesday in one of the biggest hijackings in the area so far.

Source: Pirates hijack U.S.-bound oil tanker off Oman

[emirate]

HOUSTON (Reuters) - Representative Gabrielle Giffords has begun to regain her speech a month after being shot in the head in an assassination attempt, and has even requested toast for breakfast, her spokesman said on Wednesday.

Source: Wounded Rep. Giffords speaking again: reports

[emirate]

NEW YORK (Reuters) - Network equipment maker Cisco Systems Inc's CEO John Chambers spooked investors for the third time in as many quarters, warning of dwindling public spending and weaker margins from tough competition.

Source: Cisco spooks Street again with weak outlook, margins

[emirate]

WASHINGTON (Reuters) - President Barack Obama will outline his plan on Thursday for expanding high speed wireless Internet service to 98 percent of Americans while reducing the U.S. deficit by $9.6 billion over the next ten years.

Source: Obama lays out plan for wireless Internet expansion