Events

The Obama administration has proposed an overhaul to the U.S. corporate tax code which would lower the maximum rate paid by corporations while also eliminating a myriad of loopholes used to lower individual businesses' tax bills. The plan would lower the top income-tax rate for corporations from 35...

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Lake Shore Gold Corp. (NYSE: LSG) -- New resource totals 117,400 ounces gold ("Au") grading 5.29 grams per tonne ("gpt") in Indicated category and 1,027,800 ounces Au grading 6.06 gpt in Inferred category -- New high-grade core at East Deposit between 400 and 800 metre levels,...

America's biggest banks stand to lose billions of dollars in annual revenue if an investigation of overdraft fee policies by the U.S. Consumer Financial Protection Bureau finds that the banks' business practices are harmful to consumers. The agency is looking into how banks like JPMorgan Chase...

Existing Home Sales measures the change of existing residential buildings that were sold during the previous month. This report helps to gauge the strength of the U.S. housing market and is a strong indicator of overall economic strength. The Survey states that 4.57 million existing residential...

The euro zone unexpectedly shrank in February, adding to fears that Europe might be about to fall back in to recession. The latest survey results from Markit Economics' purchasing managers' index (PMI) showed that the index fell back to 49.7 in February, down from 50.4 in January. The results are...

Wednesday, February 22, 2012 This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session. Benzinga's Top News Fitch Downgrades Greece to 'C' from 'CCC' Garmin Reports (NASDAQ: GRMN) Q4 EPS $0.96 vs $0.66 Est; Revenues $910.00M vs $...

The latest data from a monthly HSBC (NYSE: HBC) survey on Chinese economic activity shows that China's rapid economic growth continues to cool. Although the HSBC Flash China Purchasing Managers' Index (PMI) for February rose to 49.7, up from 48.8 in January, anything below 50 is considered a sign...

TELUS Corporation (NYSE: TU) today announced that it is proposing to convert its Non-Voting Shares into Voting Shares. Through this proposal, TELUS will give shareholders the opportunity to decide whether to eliminate the Corporation's dual class share structure at TELUS' upcoming annual and...

Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced that the commitments received through Kinder Morgan Canada's recent open season support moving forward with the proposed Trans Mountain pipeline system expansion. The expansion open season, held between Oct. 20, 2011, and Feb. 16, 2012...