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.
AFP - US stocks were slightly up on Wednesday after news of a successful Portuguese debt auction eased the previous day's concerns about the European economy.
AP - In an internal report released Wednesday, BP blames itself, other companies' workers and a complex series of failures for the massive Gulf of Mexico oil spill and the drilling rig explosion that preceded it.
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 - 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.
Despite the union government dithering over country-wide inter-linking of rivers, seven states have sought linking of altogether 36 rivers within their respective territories.
AP - President Barack Obama is voicing unwavering opposition to extending Bush-era tax breaks for the nation's wealthiest families even for a year or two, drawing a sharp contrast with Republicans eight weeks before the November elections.
AP - President Barack Obama is voicing unwavering opposition to extending Bush-era tax breaks for the nation's wealthiest families even for a year or two, drawing a sharp contrast with Republicans eight weeks before the November elections.
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 - The lead BP PLC investigator is saying that eight separate failures had to occur for the company's deepwater well to unleash the largest offshore oil spill in history.
AP - Its power spent, what was left of Tropical Storm Hermine made its way north Wednesday, having drenched parts of northeastern Mexico and south Texas before weakening.
AP - German exports dipped by 1.5 percent in July compared with the previous month but were still up a strong 18.7 percent over the same month last year, official data showed Wednesday.
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.
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.
AP - The Metropolitan Police say they have charged a Lebanese man with murder in the case of a Canadian singer whose body was found stuffed in a suitcase at London's Heathrow Airport in 1999.
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.
Reuters - Some Tea Partiers admit mistakes were made. Others are quick to describe the movement's recent efforts in the political arena as not quite ready for prime time.
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.
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.
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 - 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 - 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).
The Atlantic Wire - For much of the past half century, the city of Chicago has been run by
Daleys. First with Richard J. Daley from 1955 to 1975, then with his son
Richard M. Daley from 1989 to 2011. On Tuesday, the end of the Daley
dynasty came into view as Mayor Daley announced he won't run for reelection in 2011. "Simply put, it's time," said the 68-year-old mayor. "Time for me, it's time for Chicago to move on." While suspicions swirl that White House chief of staff Rahm Emanuel may look to succeed
Daley, columnists and bloggers examine the impact the Daley dynasty has
had on America's third largest city.
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.
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 - 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 - 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 - 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.
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).