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11:01am

Wed July 13, 2011
Business

In Ill., Higher Corporate Taxes Threaten Big Business

Some of the biggest corporate headquarters in the country are located along the Chicago River.
David Schaper

Illinois lawmakers are re-examining the state's business tax climate, just six months after raising the corporate income tax rate. The move comes as some corporate giants threaten to move out of Illinois. Some wonder how far the state should go to keep them.

Doug Whitley, president and CEO of the Illinois Chamber of Commerce, says his members aren't happy with the state's approach towards businesses.

"Big-name, household-name companies that are long-standing Illinois businesses have begun to rattle the cage and say, you know, this isn't the best environment," he says.

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10:38am

Wed July 13, 2011
Business

Murdoch's News Corp. Withdraws BSkyB Bid

Rupert Murdoch's News Corp. announced Wednesday that it has withdrawn its bid for BSkyB, a major U.K. broadcaster. Murdoch is embroiled in a phone hacking scandal involving the tabloid News of the World, which News Corp. shut down last week. Steve Inskeep talks about the announcement with NPR's David Folkenflik in London.

10:14am

Wed July 13, 2011
The Two-Way

Developing: Explosions In Mumbai's Market Areas

Update at 10:23: Deaths Reported; Unexploded Bomb Found

NDTV reports that at least 10 people have died in three attacks in Mumbai, with more than a dozen taken to the hospital. From NDTV:

One explosion, in a car at a bus stop in Dadar West, has been confirmed. A police officer said there might have been an explosive in a meter box behind a hoarding at Khau gali, a street filled with eateries at Zaveri Bazaar.

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10:00am

Wed July 13, 2011
The Two-Way

China Says It Closed 1.4 Million Websites In 2010

The Internet, as you may have noticed, just seems to keep on growing. But not in China — in fact, Chinese officials said that the country had 41 percent fewer sites at the end of 2010 than existed one year earlier — mostly the result of government restrictions.

Worldwide, there were a reported 255 million websites at the end of 2010. That number, drawn from research conducted by Royal Pingdom, reflects a yearly gain of 21.4 million sites.

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9:42am

Wed July 13, 2011
Asia

China Seeks To Carve Out A Space Of Its Own

A visitor stands near the Shenzhou 5 re-entry capsule that was used in China's first human spaceflight mission, and the space suit worn by crew member Yang Liwei at an exhibition in Beijing on July 6.
Alexander F. Yuan AP

As the U.S. winds up its space shuttle program, Beijing is shooting for the moon.

Chairman Mao once said China would never be a great nation if it couldn't even shoot a potato into space. But in 2003, it became only the third country to send a man into orbit, and since then it's launched five more astronauts — or "taikonauts" as they've been christened here, showing how China's even trying to leave its own mark on space vocabulary.

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