NEW YORK, February 22 (FinanceEnquiry.com) - An administration official at Barrack Obama’s office said today that the administration plans to announce its plans to reduce corporate tax from 38% to 28% rate today. Along with corporate tax reduction, the plans to remove tax breaks would help comRead more..

New York, February 22 (FinanceEnquiry.com) - Sears Canada reported lower sales and profit during the holiday season. Its sales fell 6.4 percent during the quarter ended Jan. 28, compared to the same period a year earlier. After the quarter, Sears slashed both staff and prices. Sales at stores open mRead more..

New York, February 22 (FinanceEnquiry.com) - After Wilmar International Ltd. reported quarterly profit missing analysts’ estimates, its shares plunged the most in Singapore trading in more than three years. The shares of the world’s biggest palm-oil processing company dropped 11 percent Read more..

LONDON, February 22 (FinanceEnquiry.com) - UK shares fell for a second day, as services and manufacturing in the euro area slowed down out of the blue and amid rising fears that Greek bailout may not still solve euro zone's debt crisis. The FTSE 100 slid 25.21 points (0.4%) to 5,902.99 at 12:21 aRead more..

New York, February 22 (FinanceEnquiry.com) - French car maker PSA Peugeot Citroen is discussing with US auto giant General Motors Co (NYSE: GM) about a possible alliance, as it is struggling in Europe due to low sales and fierce competition in the small vehicle segment. News of the talks for a stratRead more..

New York, February 22 (FinanceEnquiry.com) - A federal watchdog has reported that US government regulator did not oversee the legal expenses being made by Fannie Mae and Freddie Mac on behalf of departing executives involved in accounting scandals. Tens of millions of dollars were being spent by theRead more..

New York, February 22 (FinanceEnquiry.com) - While the Dow Jones briefly crossed 13,000 on Tuesday for the first time in four years before closing at 12,965.69 points, up 15.82 points, the performance of the shares of automakers and other companies in Michigan also made remarkable gains in 2012. It Read more..

New York, February 22 (FinanceEnquiry.com) - Documents from Japanese officials show that the US Nuclear Regulatory Commission was confused after the Fukushima disaster which is apparent from the fact that its chairman Gregory Jaczko told Congress that a spent-fuel pool at the Fukushima plant was dryRead more..

New York, February 22 (FinanceEnquiry.com) - A whistle blower has complained that Citigroup Inc. violated regulations for home loans that it sold to Fannie Mae and Freddie Mac by providing false information and misleading them. The whistle blower alleged that the bank sold or secured insurance for mRead more..

New York, February 22 (FinanceEnquiry.com) - The Consumer Financial Protection Bureau is planning to probe the imposition of overdraft fees by banks on customers whose checks bounce or who withdraw more than they have in their accounts using debit cards or automated teller machines.   The inquRead more..