TOKYO, Nov 28- The Japanese government is likely to cut the effective corporate tax rate to below 30 percent in fiscal 2016 from April, a year earlier than planned, people in the government and coalition parties told Reuters Saturday. Relevant ministries and agencies are now in talks to slash the rate to a level between 29.5 percent and 30 percent in April, aiming to...» Read More
WASHINGTON-- The average U.S. rate on a 30- year fixed mortgage has fallen to near its record low set earlier this month. The rate on the most popular mortgage dipped to 3.37 percent from 3.39 last week, mortgage buyer Freddie Mac said Thursday. Two weeks ago, the rate reached 3.36 percent, its lowest level on records dating to 1971..
LONDON-- Barclays PLC has set aside another 700 million pounds to compensate customers who bought payment protection insurance which they didn't need. The unscheduled announcement came ahead of the bank's third-quarter earnings report due on Oct. 31.
NEW YORK-- The stock market headed slightly lower on Thursday, following a leap in claims for unemployment benefits and weak results from American Express. The increase suggested that layoffs were increasing, however the Labor Department noted that there were technical reasons behind the swing, mainly delayed figures from one large state, California.
LOS ANGELES-- Celebrity charity work has been around as long as celebrity itself. "Beethoven was doing charity concerts," says Myrlia Purcell, founder of LooktotheStars.org, a website that tracks celebrity charity events around the world. Good thing Annie Lennox is around.
LOS ANGELES-- The Beverly Hilton's International Ballroom will soon be filled with flowers, chiffon, fine china and crystal stemware for a starry black-tie ball costing couples as much as $20,000 to attend.
ALBANY, N.Y.-- The nation's two largest breast cancer charities have adopted guidelines for fuller disclosure by those selling pink products and services in their names, New York's attorney general said Thursday.
Though expectations have diminished in recent days that the 27- nation EU will agree on the terms of a banking union, investors are keen to hear updates on the economic fate of Spain, as well as Greece, which appears to be near to securing its next batch of bailout cash.
CHICAGO-- As Chicago struggles to quell gang violence that has contributed to a jump in homicides, a top elected official wants to tax the sale of every bullet and firearm _ an effort even she acknowledges could spark a legal challenge.
It cited a consultant's findings, indicating that between July 2008 and February 2012, the program generated an estimated $2 in economic activity in Alaska for every $1 in tax credits issued. Eighty-four percent of direct wages for qualified productions went to non- Alaska residents.
BISMARCK, N.D.-- Dwight Thompson is a solid conservative businessman who will be voting for a Republican for president and a Democrat for Senate.
HARRISBURG, Pa.-- The union representing faculty at Pennsylvania's 14 state-owned universities is taking the first step toward a possible strike. Union officials say delegates from each campus will meet Saturday in State College for a strike authorization vote.
BILLINGS, Mont.-- Owners of a proposed railroad serving southeastern Montana's coal fields have applied to the federal government to build an 83- mile line carrying up to 20 million tons of fuel annually.
Steve King of Iowa has little use for the Humane Society, particularly when it comes to laws designed to give calves, pregnant sows and hens a little more freedom on the farm.
PITTSBURGH-- The Pennsylvania Supreme Court had an unusual standing-room-only crowd Wednesday, as lawyers debated a new law that regulates the state's booming natural gas industry. The Supreme Court currently has three Republicans and three Democrats, and cannot overturn a lower court decision on a 3-3 tie vote.
WASHINGTON-- A measure of U.S. economic activity designed to give signals about the future posted a solid gain in September, rebounding after a dip in August. The index is still signaling weak growth, however. The major areas of weakness came from a decline in the Institute for Supply Management's new orders index and in consumer confidence.
JACKSON, Miss.-- Mississippi has the nation's highest infant mortality rate, and experts are trying to change that by teaching people about healthy pregnancies and proper sleep conditions for babies. Yvonne Maddox, deputy director of the Eunice Kennedy Shriver National Institute of Child Health and Human Development at the National Institutes of Health.
HARRISBURG, Pa.-- A state-run health insurance exchange is unlikely to be ready for a scheduled January 2014 rollout, Pennsylvania's top insurance regulator said Wednesday.
Xcel Energy Inc. says the blackouts affected about 50,000 customers in Denver, Fort Collins and Greeley starting at 10 p.m. Tuesday. The National Weather Service said gusts of up to 60 mph were reported in the Denver area and the northeast Colorado plains Tuesday night. Fort Morgan, Akron and Holyoke in northeastern Colorado reported 40 mph gusts.
COLUMBUS, Ohio-- State regulators in Ohio are allowing aluminum manufacturer Ormet Corp. to defer electric bill payments for the remainder of the year. Ormet, located near Hannibal in eastern Ohio, has benefited from a unique electric-rate subsidy with American Electric Power Co. that has reduced its costs by more than $150 million since 2009..
LONDON-- England's Football Association has fined Chelsea's Ashley Cole $145,000 for insulting the governing body in an offensive Twitter post. The England defender had reacted angrily to an FA commission questioning the evidence he gave in defending teammate John Terry against a charge of racially abusing an opponent.