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

01/31/15 8:22 pm

WASHINGTON (Reuters) - 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.

Islamic State says it has beheaded second Japanese hostage Goto

01/31/15 5:31 pm

TOKYO (Reuters) - Islamic State militants said they had beheaded a second Japanese hostage, journalist Kenji Goto, prompting Prime Minister Shinzo Abe to vow to step up humanitarian aid to the group's opponents in the Middle East and help bring his killers to justice.






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

01/31/15 4:49 pm

(Reuters) - 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.

Islamic State says it has beheaded second Japanese hostage Goto

01/31/15 3:51 pm

BEIRUT/TOKYO (Reuters) - Islamic State militants said on Saturday they had beheaded a second Japanese hostage, journalist Kenji Goto, after the failure of international efforts to secure his release through a prisoner swap.






Chad army says kills 120 Boko Haram militants in Cameroon

01/31/15 3:10 pm

N'DJAMENA (Reuters) - Chadian forces have killed 120 militants from Boko Haram in a battle in the north of neighbouring Cameroon that began when the insurgents attacked its troops, the army said in a statement on Saturday, adding that three of its soldiers were killed.

Ukraine peace talks collapse, Kiev and separatists trade blame

01/31/15 2:56 pm

MINSK/KIEV (Reuters) - Peace talks on Ukraine collapsed on Saturday after just over four hours with no tangible progress towards a new ceasefire but with Ukraine's representative and separatist envoys angrily accusing each other of sabotaging the meeting.






U.S. general says Syrian town of Kobani taken from Islamic State

01/31/15 12:14 pm

WASHINGTON (Reuters) - Kurdish ground forces, helped by U.S. and allied air support, have retaken the Syrian town of Kobani from Islamic State militants, U.S. Lieutenant-General James Terry said on Saturday.

Germany, ECB play hardball with Greece

01/31/15 11:42 am

BERLIN/HELSINKI (Reuters) - 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.






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