More Breaking News
All Fiscal Roads Lead U.S. to a Value-Added Tax: Albert R. Hunt President Barack Obama,
nearing the end of a bruising health-care battle, should
consider the counsel of a former Bush official and propose
a radical new consumption tax that most Americans oppose.
Bharti Gets $8.3 Billion in Funding for Zain Purchase (Update2) Bharti Airtel Ltd., India’s biggest
mobile-phone company, said it obtained $8.3 billion in funding
for its proposed acquisition of Zain’s African assets, a day
after its board gave approval for a formal offer this week.
Democrats Have Votes to Pass Health Bill, Leaders Say (Update2) House Democrats have more than
enough votes to pass health-care overhaul legislation today,
House Majority Leader Steny Hoyer, a Maryland Democrat, said on
NBC’s “Meet the Press.”
Dubai Shares Climb to 2-Month High on Debt Plan, Saudi Arabia Dubai shares surged to the highest
close since January on speculation Dubai World’s restructuring
proposal will appease investors and after Saudi Arabia’s
benchmark index rose.
Health Care: Changes Planned to Senate Bill by House Democrats House Democrats are aiming to
approve today the biggest changes to the U.S. health-care system
in more than four decades, extending coverage to tens of
millions of uninsured Americans and attempting to curb rising
medical costs.
Merkel Says Aid to Greece Must Address Budget Woes (Update1) German Chancellor Angela Merkel
signaled a demand for greater budget discipline was the price
for her supporting European Union aid to Greece, denouncing what
she called “superficial” solidarity and seeking to quell
speculation of a split with her finance minister on the issue.
Udall, Interior Chief to Kennedy, Johnson, Dies at 90 (Update1) Stewart Udall, an advocate for the
American West who oversaw the addition of 2.4 million acres to
national parks and pushed for landmark environmental legislation
as U.S. Interior secretary under presidents John F. Kennedy and
Lyndon B. Johnson, has died. He was 90.
Obama Rallies Democrats as Leaders Predict Health Win (Update1) President Barack Obama pressed
House Democrats to give final approval to health-care
legislation he called “the toughest insurance reforms in
history” as party leaders predicted they would have the votes
to pass the sweeping overhaul today.
Darling Says U.K. Budget Aimed at Spurring Investment (Update1) U.K. Chancellor of the Exchequer
Alistair Darling said the annual budget will include measures to
spur private investment, an effort to spur growth while limiting
spending as opinion polls point to a hung parliament.
Citigroup Hires Nomura’s Banfield as Asia Merger Head (Update1) Citigroup Inc. hired Nomura
Holdings Inc.’s Colin Banfield as head of mergers and
acquisitions for Asia-Pacific, according to two people with
knowledge of the matter.
BA Strike in 2nd Day as Crew Seek to Curb Pay Cuts (Update1) British Airways Plc said flight
operations were “continuing to work well” on the second day of
a strike by 12,000 cabin crew attempting to force Chief
Executive Officer Willie Walsh to drop cuts to pay and staffing
levels.
Netanyahu Agrees Indirect Talks Include All Issues (Update1) Prime Minister Benjamin Netanyahu
said indirect Mideast peace talks the U.S. is trying to get off
the ground will allow both sides to raise “issues in dispute,”
reversing a previous position before a trip to Washington.
Dubai Shares Climb to Highest in 2 Months on Debt Plan, Saudi Dubai shares were poised for the
highest close since January on speculation Dubai World’s
restructuring proposal won’t disappoint investors and after
Saudi Arabia’s benchmark index rose to a 17-month high.
Icelandic Volcano Erupts, Forcing 500 People From Their Homes A volcanic eruption east of
Iceland’s Eyjafjallajokull glacier has forced the evacuation of
more than 500 people and the cancellation of all flights to and
from the island, the Department of Civil Protection said.
Iraq’s Al-Maliki Urges Recount as Tied With Rival (Update1) Iraqi Prime Minister Nouri al-
Maliki called for a recount of votes in parliamentary elections,
as near-final results showed him neck-and-neck with his closest
rival.
Sahara, Rendezvous to Pay $703 Million for IPL Teams (Update1) Sahara Group and Rendezvous Sports
World Ltd. won the rights to own the ninth and 10th teams in the
Indian Premier League, the world’s richest cricket franchise,
for a combined $703 million.