Geithner: Obama seeks 28 percent corp. tax rate (AP)

AP - President Barack Obama says the current corporate tax system is outdated, unfair and inefficient. He is calling for an end to dozens of subsidies and loopholes that he says offer tax breaks to companies that move jobs and profits overseas.

Obama helps break ground on black history museum (AP)

AP - President Barack Obama heralded a new national black history museum as "not just a record of tragedy, but a celebration of life" as he marked Wednesday's groundbreaking of the long-sought-after museum on the National Mall.

Court says police cannot be sued over warrant (AP)

AP - The Supreme Court said Wednesday that California police officers cannot be sued because they used a warrant that may have been defective to search a woman's house.

Obama calls black museum symbol for all Americans (Reuters)

Reuters - Political and cultural figures joined to break ground for a new museum celebrating black Americans on Wednesday, with President Barack Obama calling it a symbol of Americans' shared history.

'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.

'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.

Rising sales point to better year for housing (AP)

AP - The housing market is flashing signs of health ahead of the spring-buying season.

Supreme Court sends back California Medicaid cuts case (Reuters)

Reuters - The Supreme Court sent back to a lower court a case on whether Medicaid recipients and medical providers can sue California for cutting reimbursement rates in the healthcare program for low-income Americans.

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

AP - Jurors in the murder trial of a former University of Virginia lacrosse player began deliberating 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.

High court rules for power company over Mont. dams (AP)

AP - The Supreme Court sided with a power company Wednesday in a dispute with Montana over who owns the riverbeds beneath 10 dams sitting on three Montana rivers.

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.

Panel: All adults should get whooping cough shots (AP)

AP - A federal advisory panel wants all U.S. adults to get vaccinated against whooping cough.

Ex-mine official charged in fatal W. 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 for impeding mine safety enforcement efforts before the blast, federal authorities said.

City to City takes Buena Vista Handicap

City to City rallies to win by a head in the Buena Vista Handicap.

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

AP - The Supreme Court appears to be sharply divided over a law that makes it a crime to lie about having been awarded top military honors.

NYPD built secret files on NJ, Long Island mosques (AP)

AP - Americans living and working 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.

Childhood comic collection expected to fetch $2M (AP)

AP - A comic collection that includes a staggering array of some of the most prized issues ever published was headed for auction Wednesday in New York City, where it was expected to fetch more than $2 million.

Wounded vets regain bit of camaraderie in kitchen (AP)

AP - Julio Gerena is in a wheelchair, his long career in the U.S. Navy and Army forever behind him. But the 52-year-old recaptured some of the old military camaraderie while peeling potatoes and chopping cilantro in a crowded kitchen.

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

AP - The superintendent of the West Virginia coal mine where an explosion killed 29 men was charged Wednesday with conspiracy to defraud the federal government, becoming the highest-ranking Massey Energy employee to face criminal prosecution so far over the deadly blast.

Existing home sales at 1-1/2 yr-high, supply falls (Reuters)

Reuters - U.S. home resales surged in January to a 1-1/2 year high and the supply of properties on the market was the lowest in almost seven years, pointing to a nascent housing recovery.

City mulls leaving VIA

City mulls leaving VIA San Antonio Express-News Copyright 2012 San Antonio Express-News. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Published 05:19 p.m., Tuesday, February 21, 2012 [...] if comments made by council members and residents at the meeting are any indication, city officials are sure to see opposition by individuals who say they ...

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.

Rise in identity fraud tied to smartphone use (Reuters)

Reuters - Nearly 12 million Americans were victims of identity theft in 2011, an increase of 13 percent over 2010, according to a report released on Wednesday by the research firm Javelin Strategy & Research.

City National Corporation to Present at the Keefe, Bruyette & Woods 2012 Boston Bank Conference

LOS ANGELES -- City National Corporation announced today that Chief Financial Officer Christopher J. Carey is scheduled to deliver a presentation at the Keefe, Bruyette & Woods 2012 Boston Bank Conference ...

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)

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

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.

11 children removed from Texas home in abuse case (AP)

AP - Texas authorities said Tuesday they removed 11 children from a crowded home where a registered sex offender lives after they found eight confined in a small, dark bedroom with restraints tying some to their beds.

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.

Tevez apologizes to Man City after 5-month feud

Carlos Tevez finally apologized to Manchester City on Tuesday following a five-month feud that has cost him close to 10 million pounds ($17 million) and could soon return to action for the club after withdrawing an appeal against his latest fines. The Argentine forward has not played for the Premier League leaders since September when he refused to warm up during a Champions League match and ...

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.

Wal-Mart's 4Q results show rebounding US business (AP)

AP - Wal-Mart Stores Inc.'s business offers valuable insight into how Americans are reacting in the slow economic recovery: they will spend, but only if they believe they're getting the lowest prices.

City star Tevez says sorry for bust-ups

Manchester City striker Carlos Tevez looks set to return from his self-imposed exile after apologising to the club for his conduct in recent months.