AFP - US President Barack Obama Wednesday threw down the gauntlet to Republicans on the economy, as the lagging recovery and crippling unemployment threaten Democrats with a mid-term election meltdown.
AP - Suddenly, the race for Chicago mayor is on. Mayor Richard M. Daley has thrown the competition for the city's top job wide open by announcing he won't run for a seventh term, ending 21 years of token opposition and prompting speculation about who's next in line to lead the nation's third largest city.
Time.com - Florida Senate candidate Charlie Crist fights flip-flopping charges as the GOP's Marco Rubio surges ahead in some polls and the Democrats' Kendrick Meek appeals to the left
AP - PriceSmart Inc.'s revenue climbed in August as customers continued to seek bargains on basic items at the company's warehouse clubs amid a soft economy.
Reuters - BP shifted much of the blame for a rig blast that led to the United States' worst-ever oil spill onto its contractors Transocean and Halliburton.
The United States remains the best hope to solve many of the world's most intractable problems, Secretary of State Hillary Clinton was to say Wednesday in a keynote foreign policy speech.
AP - The peanut industry executive whose filthy processing plants were blamed in a salmonella outbreak two years ago that killed nine people and sickened hundreds more is back in the business.
AP - Shares in BP PLC tracked slightly higher after the release of an internal report on the disastrous oil spill in the Gulf of Mexico that deflects much of the blame onto rig owner Transocean Ltd. and contractor Halliburton Co.
AP - Oil giant BP PLC laid much of the blame for the rig explosion and the massive Gulf of Mexico spill on itself, other companies' workers and a complex series of failures in an internal report released Wednesday before a key piece of evidence has been analyzed.
Reuters - President Barack Obama will push billions of dollars in new business tax incentives and spending on big construction projects on Wednesday, as he tries to convince a balky Congress to pass measures intended to spur the economy and create jobs.
Reuters - President Barack Obama will push billions of dollars in new business tax incentives and spending on big construction projects on Wednesday, as he tries to convince a balky Congress to pass measures intended to spur the economy and create jobs.
Reuters - House of Representatives Republican leader John Boehner called on Wednesday for a two-year freeze on all current U.S. tax rates, including Bush-era tax cuts for the rich set to expire at the end of this year.
AP - Smithfield Foods Inc. says higher selling prices for pork and improvement in hog market prices helped it return to a profit in its fiscal first-quarter.
Brazil's environment minister has declared a state of emergency in 14 states and the capital's federal district because of a large number of fires, the government's Agencia Brazil news outlet reported Wednesday.
Reuters - Stock index futures rose on Wednesday tracking a turnaround in European stocks and ahead of comments from the Federal Reserve on the state of the economy.
AP - The leader of a small Florida church that espouses anti-Islam philosophy said Wednesday he was determined to go through with his plan to burn copies of the Quran on Sept. 11, despite pressure from the White House, religious leaders and others to call it off.
Reuters - Women's clothing retailer Talbots Inc posted a higher-than-expected quarterly profit as tighter inventory management boosted its margins, but its shares fell as sales missed Wall Street forecasts.
AP - Seeking to give anxious Democrats a boost ahead of the November elections, President Barack Obama is pitching a trio of economic initiatives Wednesday and voicing unwavering opposition to Bush-era tax breaks for the wealthy.
AP - Seeking to give anxious Democrats a boost ahead of the November elections, President Barack Obama is pitching a trio of economic initiatives Wednesday and voicing unwavering opposition to Bush-era tax breaks for the wealthy.
AP - House Republican Leader John Boehner onWednesday proposed a two-year freeze on all tax rates and a cut in government spending to the levels of 2008, before a deep recession took hold of the economy.
AP - House Republican Leader John Boehner onWednesday proposed a two-year freeze on all tax rates and a cut in government spending to the levels of 2008, before a deep recession took hold of the economy.
Reuters - No. 2 U.S. tax-preparer Jackson Hewitt Tax Service Inc posted a narrower-than-expected quarterly loss, as a drop in total expenses offset the decline in revenue.
Reuters - China and the United States said on Wednesday that their sometimes rocky relationship is sounder after talks in Beijing, with both putting an optimistic face on ties that have been jolted by economic and security tensions.
Reuters - Americans applied to buy homes at the highest pace last week since May, but more than 8 of every 10 loan requests was for a refinancing, Mortgage Bankers Association data show on Wednesday.
AP - Suddenly, the race for Chicago mayor is on. Mayor Richard M. Daley has thrown the competition for the city's top job wide open by announcing he won't run for a seventh term, ending 21 years of token opposition and prompting speculation about who's next in line to lead the nation's third largest city.
AP - Swisscom AG announced Wednesday it will buy all outstanding shares in its Italian telecoms unit Fastweb SpA, which has been rocked by a money-laundering probe, for a total of euro256 million ($326 million).
Reuters - Japan's finance minister acknowledged currency intervention is an option for the first time since the yen's 14 percent rise since May, and a candidate to become prime minister sanctioned solo intervention as the yen jumped to a 15-year high versus the dollar.
McClatchy Newspapers - WASHINGTON — President Barack Obama on Wednesday will propose $300 billion in accelerated or expanded tax breaks for business, a jolt of cash that he says would jump-start hiring and help revive the nation's economy.
AP - An Austrian woman who was kidnapped at age 10 says she was repeatedly beaten, starved and forced to do housework half-naked during her 8 1/2 years at the mercy of a man who admired Hitler and considered himself an Egyptian god.
Reuters - Foster's Group Ltd , Australia's largest brewer, rejected a private equity offer worth up to $2.5 billion for its wine business as too cheap, sending its shares up as much as 6 percent on hopes of higher bids.
AP - Fire officials say flames have swept through at least two dozen Detroit homes, fanned by strong winds that toppled power lines across the city and knocked out service to at least 113,000 Michigan homes and businesses.
AP - Will Esposito describes an otherworldly scene after a wildfire tore through a canyon in the Colorado foothills: Some houses in his neighborhood burning while others stood intact, a propane tank shooting flames into the sky, and an eerie quiet interrupted only by firefighting helicopters and airplanes.
AP - Police Chief Charlie Beck pleaded for calm and vowed his department would conduct an exhaustive investigation into a bicycle officer's fatal shooting of a drunken day laborer with a knife.
AP - Investigators found no explosives aboard a Los Angeles-bound Thai Airways flight in which a bomb threat was found scrawled on a bathroom mirror, the FBI said Wednesday.
AP - It's power spent, what was left of Tropical Storm Hermine was making its way north Wednesday, having drenched parts of northeastern Mexico and south Texas before weakening.
Brent Bozell III - The midterm elections this fall will feature young people born in 1992 — in other words, four years after Ronald Reagan left office. What do they know about this man?
AP - Japan's machinery orders, a key gauge of future business investment, rose the most in seven months, a sign that companies are more confident in the economic recovery.
AP - Official data show that German exports dipped by 1.5 percent in July compared with the previous month but were still up a strong 18.7 over the same month last year.
Dubai, Sep 8 (PTI) The Gulf Cooperation Council, a political and economic union involving the six Arab states, has decided to shelve its proposed customs union by at least two years after the modalities for the distribution of revenues and the mechanism of collection were not finalised.
Reuters - The story of Ronald Reagan's life -- from boyhood to Hollywood actor to leader of the free world -- is about to spill out on the big screen in a way quite different from the miniseries that caused such a stir seven years ago.
AP - A proposed Islamic community center near ground zero will include separate prayer spaces for Muslims, Christians, Jews and people of other faiths, the imam behind plans for the facility wrote in an op-ed piece published online Tuesday.
CQPolitics.com - ABERDEEN, S.D. -- Former vice presidential candidate Sarah Palin holds a lot of sway with some Republican voters. But that hasn't stopped South Dakota state Rep. Kristi Noem from distancing herself from the polarizing political figure in her challenge to four-term incumbent Rep. Stephanie Herseth Sandlin (D).
AP - Officials hoisted a 70-foot piece of World Trade Center steel at ground zero Tuesday and vowed to open the Sept. 11 memorial by next year, although they acknowledged that the ongoing construction at the site would limit where and how the public could visit.
AP - Secretary of State Hillary Rodham Clinton on Tuesday called a Florida church's threat to burn copies of the Muslim holy book to mark the ninth anniversary of the Sept. 11 attacks a "disrespectful, disgraceful act."