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Obama's budget proposals include 19 percent tax on foreign earnings: Bloomberg

WASHINGTON - President Barack Obama's budget proposals will include a minimum tax of 19 percent on U.S.-based companies' future foreign earnings and a 14 percent tax on their stockpiled offshore profits, Bloomberg news said on Saturday, citing two people familiar with the budget.

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U.S. regulators recall 2.1 million vehicles in new air bag issue

- 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.

31 Jan 2015

Greece seeks to reassure Europe as tensions rise

ATHENS - 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.

31 Jan 2015

Germany, ECB play hardball with Greece

BERLIN/HELSINKI - 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.

31 Jan 2015

Kurds retake oil facility in north Iraq, 15 workers still missing

KIRKUK, Iraq - Kurdish peshmerga forces retook a small crude oil station near the northern Iraqi city of Kirkuk which Islamic State insurgents seized earlier on Saturday, but the fate of 15 employees remained unclear. | Video

World, Iraq 31 Jan 2015

Exclusive: Treasury official among those eyed for regional U.S. Fed openings

- 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.

31 Jan 2015