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President Barack Obama’s budget plan calls for taxing dividends received by high-income taxpayers as ordinary income, raising the top rate to 39.6 percent from 15 percent as part of a $1.4 trillion tax increase on top earners over the next decade.
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Shares of Apple Inc. rallied above $500 for the first time after a two-week gain spurred by the iPhone maker’s first-quarter earnings report approached 20 percent.
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“The Girl With the Dragon Tattoo,” the film featuring motorcycle, fight and torture scenes, was named 2011’s riskiest movie by Fireman’s Fund Insurance Co.
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Armored anti-riot vehicles cluster outside the police station in Awwamiya in Saudi Arabia’s oil- producing eastern region, where unrest is turning violent.
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McDonald’s Corp., the world’s largest restaurant chain, will require its pork suppliers to get rid of gestation pens that animal-rights groups have long deemed cruel to pigs.
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President Barack Obama sent Congress a $3.8 trillion budget plan today with stimulus spending and tax increases for the wealthiest Americans, spelling out election- year priorities that are certain to draw Republican opposition.
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U.S. stocks rose, after the first weekly loss for the Standard & Poor’s 500 Index in 2012, as Greece approved austerity plans to secure rescue funds.
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Apple Inc., burnished by the iPhone’s success and memorials to Steve Jobs, displaced Google Inc. as top company in Harris Interactive’s poll of corporate images. Berkshire Hathaway Inc. and Johnson & Johnson dropped.
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President Barack Obama’s budget outlines his ideas for how the government may spend $3.8 trillion in fiscal 2013. There’s no similar document accounting for where taxpayers’ money actually goes.
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The U.S. Postal Service needs to cut one day of mail delivery each week and raise rates to return to solvency, President Barack Obama said in his budget proposal.







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