State of the Union: Many CEOs reacted with skepticism as to the President's ability to lower the corporate tax rate and foster U.S. job growth and innovation, but noted positively the President's changed tone in addressing the business community, according to The Wall Street Journal.
Agency Merger: President Obama said Tuesday night that he wants to dramatically overhaul the federal government by merging some agencies and departments together, the Washington Post reports. The question is, what to cut?
Here We Go Again: Toyota Motor Corp., the world’s biggest carmaker, recalled about 1.7 million vehicles globally for defects in fuel pipes and pumps, pressure sensors and spare tire carriers, Bloomberg reports.
Lehman's New Plan: Bankrupt financial company Lehman Brothers Holdings Inc proposed a new plan for divvying up billions of dollars among its creditors and offered a bigger payment to bondholders, provided they sign on, Reuters reports.
Milk Fight: A Food and Drug Administration plan to begin tests this month on milk from farms that had repeatedly sold cows tainted by drug residue has met with fierce protest from the dairy industry, The New York Times reports.
Immigrant Mom Victory: The Missouri Supreme Court on Tuesday overturned a lower court ruling that terminated the parental rights of a Guatemalan woman whose son, the woman says, was adopted without her consent while she was imprisoned following an immigration sting in 2007, CNN reports.
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