AP - President Barack Obama says the current corporate tax system is outdated, unfair and inefficient.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.
AP - A British man has been sentenced to probation for helping a former Halliburton Co. subsidiary steer massive bribes to Nigerian officials to win more than $6 billion in construction contracts.
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.
Reuters - The verdict in the trial of former Egyptian President Hosni Mubarak, charged with ordering the killing of protesters in the uprising that swept him from power, will be delivered on June 2, the judge said on Wednesday.
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.
Reuters - Venezuelan President Hugo Chavez's imminent departure for more cancer surgery in Cuba has thrown his re-election campaign into uncertainty and once again shaken the socialist leader's passionate supporters.
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.
Reuters - Republican U.S. presidential candidates Mitt Romney and Rick Santorum are running neck-and-neck but neither would beat incumbent President Barack Obama, according to several polls released on Wednesday.
AP - Microsoft on Wednesday lodged a formal complaint with the European Union's competition regulator against Motorola Mobility and its soon-to-be owner Google, saying Motorola's aggressive enforcement of patent rights against rivals breaks competition rules.
AP - The former chief of the International Monetary Fund, Dominique Strauss-Kahn, has been released from a French police station after two days of questioning over a suspected hotel prostitution ring.
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.
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.
AP - A spokesman for the international military force in Afghanistan says findings from an investigation into the burning of Muslim holy books at a NATO base may come out as early as Wednesday.
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.
AP - Treasury Secretary Timothy Geithner said Wednesday the current business tax system is bad for business and for job-creation and argued that President Barack Obama's plan to reduce corporate tax rates to 28 percent would make the tax system more globally competitive.
AP - Treasury Secretary Timothy Geithner said Wednesday the current business tax system is bad for business and for job-creation and argued that President Barack Obama's plan to reduce corporate tax rates to 28 percent would make the tax system more globally competitive.
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.
AP - A packed train slammed into the end of the line in Buenos Aires' busy Once station Wednesday, killing 49 people and injuring hundreds of morning commuters as passenger cars crumpled behind the engine. It was Argentina's worst train accident in decades.
AP - Just two dozen ultra-wealthy donors are behind a surge of million-dollar contributions to the new breed of political committees during the presidential campaign.
Reuters - U.S. stocks fell on Wednesday with the S&P 500 stalled near a 10-month-old high after weak data on Europe's business activity raised concerns about a recession.
AP - Iraq's prime minister says al-Qaida fighters are continuing to plan and launch attacks in the area south of Baghdad once known as the "triangle of death."
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.
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.
Reuters - Afghan President Hamid Karzai appealed for calm Wednesday after officials said six people were shot dead and dozens wounded in protests over the burning of copies of the Koran, Islam's holy book, at NATO's main base in the country.
Daily Caller - Democratic Rep. Mike Quigley, chairman of the bipartisan Congressional Transparency Caucus that he co-founded with Republican Rep. Darrell Issa, is proposing the House of Representatives strengthen congressional travel reporting requirements following reports on Rep. Ron Paul collecting twice — once from taxpayers and once from non-profits — for flights he has been taking, Roll Call reported on Wednesday.
AP - Former Louisiana Gov. Charles "Buddy" Roemer is abandoning his bid to win the Republican presidential nomination and will instead try to run as an independent candidate.
Reuters - Rogers Communications, Canada's biggest wireless telecoms company, said on Wednesday that cost-cutting and growth in its cable and media businesses pushed it to a stronger than expected quarterly profit despite lagging core wireless results.
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.
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.
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.
AP - Greece scrambled Wednesday to push through a batch of emergency laws that will further cut incomes and state spending, a day after securing a new bailout and debt relief deal designed to stave off bankruptcy.
AP - Rick Santorum is looking for another upset or two, while Mitt Romney is hoping to keep his leading rival at bay in the run-up to the 20th debate of the race for the Republican presidential nomination.
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.