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States may tap mortgage money to fill budget gaps (AP)

AP - The ink wasn't even dry on a settlement with the nation's top mortgage lenders when Missouri Gov. Jay Nixon laid claim to a chunk of the money to avert a huge budget cut for public colleges and universities.

Obama seeks corporate tax rate cut, loophole limit (AP)

President Barack Obama, accompanied by Vice President Joe Biden, talks about the importance of the payroll-tax cut and jobless-benefits extension compromise that bi-partisan House and Senate conferees reached last week, Tuesday, Feb. 21, 2012, in the Eisenhower Executive Office Building on the White House complex in Washington. (AP Photo/J. Scott Applewhite)AP - President Barack Obama rolled out a corporate tax overhaul plan Wednesday that lowers rates but also eliminates loopholes and subsidies cherished by the business world. A long-shot for action in an election year, the plan nevertheless stamps Obama's imprint on one of the most high-profile issues of the presidential campaign.


Poll: Obama benefitting from improving economy (AP)

AP - President Barack Obama is reaping political benefits from the country's brighter economic mood. A new poll shows that Republicans and Democrats alike are increasingly saying the nation is heading in the right direction and most independents now approve the way he's addressing the nation's post-recession period.

Atlanta spa shooting stemmed from domestic dispute: police (Reuters)

Reuters - Police investigating a shooting rampage at a suburban Atlanta health club have identified the four victims as relatives of the gunman, who fatally shot himself after opening fire on his two sisters and their husbands.

Authorities tracing phone of mountain man's family (AP)

FILE - This undated file photo provided by the Iron County Sheriff's Office in January, shows a man who authorities on Tuesday, Feb. 21, 2012 identified as Troy James Knapp, walking past a cabin in the remote southern Utah wildness near Zion National Park. Authorities say Knapp, captured by a motion-triggered surveillance camera sometime in December, has been linked to more than two dozen cabin burglaries over the past five years. (AP Photo/Iron County Sheriff, File)AP - Authorities are using a court order to determine if a serial cabin burglar in the southern Utah wilderness is using a cell phone to call his family.


High court torn over law banning lies about medals (AP)

AP - Free speech cases before the Supreme Court often lead justices to consider far-fetched scenarios, and Wednesday's argument over a law making it a crime to lie about having received top military honors was no exception.

Jurors weigh murder case of ex-Va. lacrosse player (AP)

FILE - In this Feb. 17, 2012 file photo, George Huguely V, right, is escorted by a sheriff's deputy as he arrives for his trial at the Charlottesville Circuit courthouse  in Charlottesville, Va. Jurors are set to begin deliberations Wednesday, Feb. 22, 2012 in the trial of Huguely, the former University of Virginia lacrosse player who is charged with slaying his ex-girlfriend in a drunken rage. (AP Photo/Steve Helber, File)AP - Jurors in the murder trial of a former University of Virginia lacrosse player deliberated for hours Wednesday whether he battered his ex-girlfriend to death in a drunken, jealous rage or if his intent to talk with her spiraled out of control, leaving her bleeding and dying in her bedroom.


Possible love triangle eyed in CA murder-suicide (AP)

AP - Police on Wednesday investigated the possibility that a love triangle might have motivated a 73-year-old gunman to fatally shoot the 62-year-old treasurer of a remote-controlled airplane club outside a building where the group was meeting.

Police: Ga. victims related in Korean spa shooting (AP)

AP - The gunman who fatally shot two of his sisters and their husbands inside a Korean spa in an Atlanta suburb had been asked to leave and came back hours later, authorities said on Wednesday.

Home resales at 1-1/2 year-high, supply falls (Reuters)

A labourer selects wooden planks as he works at a residential construction site in Hefei, Anhui province February 18, 2012. China's home prices fell in January from December, marking the fourth monthly fall in a row and showing that the policy-driven property market downturn is deepening, which will add to worries about a hard landing in the world's second-largest economy. REUTERS/Stringer (CHINA - Tags: BUSINESS REAL ESTATE CONSTRUCTION EMPLOYMENT)Reuters - Home resales rose to a 1-1/2-year high in January, pushing the supply of properties on the market to the lowest level in almost seven years in a hopeful sign for the housing sector.


Police: 2 Ga. children reported missing found safe (AP)

AP - Authorities say they are searching for a man they believe kidnapped two young children after offering help to their mother after the family car broke down along an Atlanta-area interstate.

Man's childhood comic collection fetches $3.5M (AP)

This Feb. 13, 2012 handout photo provided by Heritage Auction shows the CGC-Certified 3.0 copy of Action Comics #1 from the Billy Wright Collection at Heritage Auctions in Dallas,Texas. On Wednesday, the collection is expected to bring more than $2 million when Heritage Auctions offers the comics at auction in New York City. (AP Photo/Courtesy of Heritage Auctions)AP - The bulk of a man's childhood comic book collection that included many of the most prized issues ever published has sold for about $3.5 million.


W.Va. mine boss charged with fraud in deadly blast (AP)

AP - Federal prosecutors investigating the West Virginia coal mine explosion that killed 29 men are working their way up the corporate ladder with criminal charges.

Newark mayor: NYPD misled us on Muslim spying (AP)

Mohammed el-Sioufi, an accountant and vice president of the Islamic Culture Center, a mosque in Newark, is interviewed by the Associated Press about the New York Police Department's surveillance of the Muslim community in Newark, N.J., Wednesday, Feb. 15, 2012. Americans in New Jersey’s largest city were subjected to surveillance as part of the New York Police Department’s effort to build databases of where Muslims work, shop and pray. The operation in Newark was so secretive, even the city’s mayor says he was kept in the dark. For months in mid-2007, plainclothes NYPD officers snapped pictures of mosques and eavesdropped in Muslim neighborhoods. The result was a 60-page report, obtained by The Associated Press. It cited no evidence of crimes. It was just a guide to Newark’s Muslims. AP Photo/Charles Dharapak)AP - The mayor and police director of New Jersey's largest city said Wednesday the New York Police Department misled their city and never told them it was conducting a widespread spying operation on Newark's Muslim neighborhoods. Had they known, they said, they never would have allowed it.


Judge: Wash. can't make pharmacies sell Plan B (AP)

AP - Washington state may not force pharmacies to sell Plan B or other emergency contraceptives, a federal judge ruled Wednesday, saying the state's true goal is to suppress religious objections by druggists — not to promote timely access to the medicines for people who need them.

Kansas City priest accused of molesting 4 brothers

KANSAS CITY (Reuters) - Catholic leaders in Kansas City covered up years of sexual abuse of several young children by a priest who led a Christian organization for youth, according to a lawsuit filed Wednesday by four brothers who say they were victimized as children. The lawsuit, one of more than two dozen pending in Kansas City alleging abuse by area priests, was filed in Jackson County ...

Dollar rises to 7-month high against Japanese yen (AP)

AP - The dollar rose to a seven-month high against the Japanese yen, a week after the Bank of Japan announced a surprise increase of its economic stimulus program.

Suspect in Capitol bomb sting waives court hearing (AP)

AP - A Virginia man charged with plotting a suicide bombing inside the U.S. Capitol waived his rights Wednesday to preliminary and detention hearings.

Supreme Court hears military medal lying case (Reuters)

Reuters - Supreme Court justices questioned on Wednesday whether the federal government, in making it a crime to lie about receiving a military medal, could next make it illegal for someone to tell lies about an extramarital affair or a college degree.

U.S. judge orders Moroccan held for Capitol plot (Reuters)

Reuters - A U.S. judge on Wednesday ordered a Moroccan man to be held on charges that he planned a suicide bombing attack against Congress, believing he was working with al Qaeda militants when in fact his contacts were undercover agents.

City overpower holders Porto in Europa League

The presence of former manager Andre Villas-Boas at Eastlands failed to inspire holders Porto as Manchester City eased into the last 16 of the Europa League with a 4-0 second leg win on Wednesday.

City storm on in Europa

Manchester City produced a strong finish to power into the last 16 of the UEFA Europa League at the expense of ten-man holders Porto, winning out 4-0 on the night and 6-1 overall.

Ex-mine official charged in fatal West Virginia blast (Reuters)

Reuters - The former superintendent of the West Virginia coal mine where 29 workers died in a 2010 explosion was charged on Wednesday with felony conspiracy by tipping off employees to safety inspections and concealing dangerous violations, authorities said.

Man City beats defending EL champion Porto 4-0

Manchester City eased past defending Europa League champion FC Porto on Wednesday, beating the Portuguese side 4-0 to wrap up a 6-1 aggregate win. Sergio Aguero opened the scoring after just 19 seconds to stretch City's 2-1 first-leg advantage but the English Premier League leader then had to wait until the 76th minute for its second goal.

'Occupy' to hold national conference in Philly (AP)

AP - A group of protesters affiliated with the Occupy Wall Street movement plans to elect 876 "delegates" from around the country and hold a national "general assembly" in Philadelphia over the Fourth of July as part of ongoing protests over corporate excess and economic inequality.

Summary Box: Bank of England split on stimulus (AP)

AP - STIMULATING DISCUSSION: Minutes of their last meeting showed Bank of England rate-setters were divided about injecting another 50 billion pounds ($79 billion) into the economy. Two members argued for a bigger stimulus.

Private jet shipments slip, but improvement seen (Reuters)

Reuters - Worldwide shipments of business jets and other private aircraft fell again last year, but billings rose modestly in a sign of improvement in a tough economy.

Euro zone teetering on brink of recession (Reuters)

Reuters - The euro zone economy is in danger of tipping into recession, with the services sector shrinking this month along with manufacturing, tempering a wave of optimism after a new bailout deal for Greece struck this week.

U.S. mortgage applications sagged last week: MBA (Reuters)

Reuters - Applications for U.S. home mortgages tumbled last week as demand for loan refinancing sagged, an industry group said on Wednesday.

European budget cuts and debt burdens, at a glance (AP)

AP - European budget cuts and debt burdens, at a glance

In Europe, spending cuts fail to ease debt burdens (AP)

FILE - In this Feb. 10, 2012 file photo, a protester is led away by police officers during a protest against sweeping labor market reforms announced by  Spain's new conservative government in Madrid. Far from falling, government debt burdens are rising fastest in European countries that have enacted the most draconian austerity programs, according to the Associated Press’ Global Economy Tracker.  (AP Photo/Pedro Acosta, File)AP - Europe has endured the pain of layoffs, wage cuts and tax increases designed to bring government debt under control.


Bank of England panel split on size of stimulus (AP)

AP - Bank of England rate-setters were divided this month on the vote to inject another 50 billion pounds ($79 billion) into the British economy, with two members arguing that a bigger stimulus was needed, minutes to their last meeting showed Wednesday.

Is It Time to Start Worrying About Inflation Again? (Time.com)

Time.com - The greatest threat to any long-term investor is inflation. It not only erodes the value of stocks and bonds, but also depresses economic growth and misleads policymakers

A Champion in Purgatory: Muhammad Ali Returns to Vegas (Time.com)

Time.com - As part of an extended celebration of his 70th birthday, the ailing legend appears at a massive fundraiser to benefit brain research

Tevez apologises to Man City over conduct

MANCHESTER, England (Reuters) - Manchester City finally got the apology they had been waiting for on Tuesday when striker Carlos Tevez said he was sorry for his behaviour over recent months, setting up a possible return to action at the Premier League club. The Argentine striker also withdrew his appeal against a gross misconduct charge handed to him after he spent three months in his homeland ...

U.S. consumer agency to examine bank overdraft fees (Reuters)

Reuters - The new U.S. Consumer Financial Protection Bureau is weighing a crackdown on checking account overdraft fees charged by banks, saying the charges can "inflict serious economic harm" on consumers.

Neb. city's illegal immigration law to be nuisance

A Nebraska city's attempt to fight illegal immigration with a newly court-approved ordinance appears likely to be more of an inconvenience for legal residents than a deterrent to illegal immigrants.

Pace of new credit card accounts picks up in 2011 (AP)

AP - More people opened new credit card accounts last year, as the banking industry began to loosen standards it tightened during the recession.

Rates drop at weekly Treasury auction (AP)

AP - Interest rates on three-month and six-month Treasury bills dropped in Tuesday's auction after rising the previous week.

EU leaders to ask G20 to back higher IMF funds (Reuters)

Reuters - European Union leaders will call at a summit next week for the world's 20 biggest economies (G20) to agree in April to substantially boost funds available to the International Monetary Fund, draft conclusions of the meeting showed.
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