WASHINGTON — President Obama on Wednesday proposed a lower corporate tax rate and an end to dozens of loopholes he said helps U.S. companies move jobs and profits overseas. "It's not right and it needs to change," he said.

Oil prices hovered above $106 a barrel Wednesday in Asia amid concern that conflict over Iran's nuclear program could lead to global crude supply disruptions.      More..

It came and went in a flash each time, a number on a board for mere seconds, but its symbolic power couldn’t be dismissed.      More..

Franklin Electric Co. on Tuesday announced it set new records last year for annual sales and earnings.      More..