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  • Some Republicans as well as Democrats in Congress back increasing the tax credit. House of Representatives Speaker Paul Ryan, a Republican, favors expanding the credit as an incentive for pulling people into work. In his budget blueprint for the fiscal year starting Oct. 1, Obama proposed doubling the tax credit for workers who are not raising children, bringing...

  • NEW YORK, Feb 9- U.S. "There's a broad array of factors driving investors into Treasuries from fear about European banks, worries about financial market contagion and the possibility that you have financial weakness leading to perhaps a full-blown recession," said Gennadiy Goldberg, interest rate strategist at TD Securities in New York. "Stocks found a bottom so...

  • LOS ANGELES— Music publisher Warner/ Chappell Music will return $14 million in fees to settle a lawsuit that challenges its claim to "Happy Birthday," one of the world's best-known songs. The Los Angeles Times cites court documents released Monday that outline terms of a settlement reached in December. Information from: Los Angeles Times,...

  • MOSCOW— A top official at Russia's busiest airport says the halt or reduction of flights to Turkey, Ukraine and Egypt over the past three months has cost the country's airports six billion rubles. Denis Nuzhdin, the deputy CEO of Moscow's Domodedovo Airport, was quoted by state news agency Tass as saying Tuesday that about half the loss comes from Russia's...

  • CHICAGO— Grain futures were mixed Tuesday in early trading on the Chicago Board of Trade. Wheat for March delivery was 1.50 cents lower at $4.57 a bushel; March corn was 1 cent lower at $3.6120 a bushel; March oats were. 50 cent higher at $1.9940 a bushel; while March soybeans was. 50 cent higher at $8.63 a bushel. April live cattle was. 45 cent lower at $1.3095 a pound; March...

  • WASHINGTON— President Barack Obama proposed a record $4.1 trillion budget on Tuesday. —Obama's budget for the Agriculture Department includes a proposed $12 billion over 10 years to help feed schoolchildren from low-income families during the summer. Spending that needs Congress' annual approval: $24.2 billion.

  • WASHINGTON, Feb 9- The Pentagon unveiled a $582.7 billion budget on Tuesday that emphasizes threats like Russia, China and Islamic State rebels, but the proposal is already under fire from Republicans who accuse the president of short-changing the military. The proposal also would quadruple funds to counter Russian pressure in Europe following its seizure...

  • WASHINGTON, Feb 9- President Barack Obama on Tuesday unveiled a budget that proposed $2.9 trillion in deficit reduction over 10 years, largely by curbing tax breaks for the wealthy and proposing new savings in the Medicare and Medicaid health care programs. The budget would boost spending to $4.1 trillion for 2017, up $196 billion from fiscal 2016, while...

  • President Barack Obama proposed a $4.1 trillion spending plan for fiscal year 2017 on Tuesday in a final White House budget that laid out his priorities for fighting Islamic State, raising taxes on wealthy Americans and helping the poor. The budget for the fiscal year beginning on Oct. 1 is largely a political document and is unlikely to be passed by the...

  • WASHINGTON— Obama sends record $4.1 trillion spending plan to Congress to combat terror threats, global warming.

  • President Barack Obama on Tuesday proposed an expansion of the earned income tax credit, which helps low-income taxpayers, to give a bigger boost to childless workers. In his budget blueprint for the fiscal year starting Oct. 1, Obama proposed doubling the tax credit for workers who are not raising children, as well as noncustodial parents.

  • JERUSALEM, Feb 9- Cybersecurity firm Imperva sees its sales growth slowing to around 30 percent this year and will aim to tap a growing market for threats originating inside big companies. While it last week forecast a more modest 30 percent growth this year, CEO Anthony Bettencourt believes that could prove conservative, especially since Imperva initially...

  • NEW YORK, Feb 9- U.S. oil and gas pipeline companies including Williams Companies Inc and Kinder Morgan Inc have contracts worth billions of dollars that might be at risk as Chesapeake Energy Corp aims to slash its debts amid collapsing energy prices. But with oil prices at their lowest in 12 years due to a global supply glut with OPEC unwilling to slow production,...

  • *Stops short of $1,200 an ounce on Tuesday. Analysts said the metal is looking overbought and it pulled back after stopping short of testing key psychological resistance at $1,200 an ounce on Tuesday, but many say it could push higher again in coming days. Spot gold was trading down 0.1 percent at $1,189.96 an ounce by 1527 GMT, after rising to $1,200.60 on Monday,...

  • HELSINKI— Swedish furniture retailer Ikea is recalling two types of ceiling lamps because of a risk that the glass shades might fall and injure people. The company says that after receiving complaints from customers that the shades of some "Lock" and "Hyby" lamps had fallen and caused injuries, it's urging all buyers of the two ceiling lamps to immediately return...

  • *Volumes subdued during China holiday. LONDON, Feb 9- Copper prices tumbled to two-week lows on Tuesday as the rout in equities undermined growth sentiment, though volumes were subdued by a holiday in China and a market waiting for clues on demand prospects in the country. Benchmark copper was down 2.2 percent to $4,509 a tonne at 1529 GMT.

  • The news sent shares of J&J, whose annual Remicade sales of $6.5 billion are mostly in the United States, down almost 4 percent. FDA scientists released their favorable report ahead of a meeting Tuesday of an independent medical advisory panel to the agency. "The data submitted by Celltrion show that is highly similar to U.S.-licensed Remicade" in treating...

  • WASHINGTON— U.S. companies advertised more available jobs in December and more Americans quit, trends that could lift wages in the coming months. The number of job openings jumped 4.9 percent to 5.6 million, the most since July, the Labor Department said Tuesday. Federal Reserve chair Janet Yellen has said that she monitors quits as a potential sign of an...

  • NEW YORK, Feb 9- The dollar tumbled to a nearly four-month low on Tuesday as growing fears of a global slowdown pushed investors to safe-haven currencies like the Japanese yen and Swiss franc. A selloff in major stock markets worldwide and increased worries about Europe's banking sector also shook confidence in the dollar, which has moved in line with risky...

  • *Saudi labor ministry issues statement on unpaid wages. DUBAI, Feb 9- Some Saudi Arabian construction companies are struggling to pay their staff on time in a sign of growing pressure on the economy from low oil prices, which are causing the government to slow spending on building projects. In an unusual move this week, the Ministry of Labour issued a public...