US President Barack Obama on Wednesday unveiled plans to cut the top corporate tax rate to 28 percent and choke off lucrative loopholes, an election-year gambit that tests Republicans' pro-business credo.   more

The first court hearing in the US civil case being brought against former International Monetary Fund chief Dominique Strauss-Kahn will take place March 15, court officials said Wednesday.   more

Struggling Republican White House hopeful Mitt Romney locked horns with his surging rival Rick Santorum, in a crucial TV debate as the pair vie for frontrunner status.   more

Several US lawmakers received threatening letters containing a harmless white powder, but the sender warned more missives including a "harmful material" could follow, a Senate official said.   more

Japanese automaker Honda will recall nearly 46,000 Odyssey minivans in the United States next month to fix a problem with the power tailgate, US authorities said Wednesday.   more

Russell Westbrook scored 31 points and Kevin Durant added 28 points and nine rebounds to lead the Oklahoma City Thunder over the Boston Celtics 119-104.   more

Sony's slick PlayStation Vita handheld videogame gadget hit major markets around the world on Wednesday as the Japanese entertainment titan bucked a trend towards play on smartphones.   more