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Obama seeks corporate tax rate cut, loophole limit
(AP)
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.
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HP says 1Q earnings down 44 pct, beats Street
(AP)
AP - Hewlett-Packard Co., the maker of PCs and printers, on Wednesday said its net income fell, while sales fell 7 percent in the first full quarter under new CEO Meg Whitman.
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Treasury says Europe needs solid debt firewall
(Reuters)
Reuters - It is "critical" that Europe put up a convincing firewall against the risk of financial contagion from its debt crisis before more aid from the International Monetary Fund is discussed, a top Treasury Department official said on Wednesday.
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Summary Box: Home sales up 4.3 pct. in January
(AP)
AP - SALES UP: Sales of previously occupied homes rose in January to a seasonally adjusted annual rate of 4.57 million, the National Association of Realtors said Wednesday. That's the highest level since May 2010.
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Oil prices rise on continued concern about Iran
(AP)
AP - Oil prices rose Wednesday on the expectation that world supplies could be squeezed further because of ongoing tensions with Iran.
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Burned before, Fed officials cautious on rebound
(Reuters)
Reuters - U.S. central bank officials have good reason to be skeptical about the strength of the economy: excessive optimism has caught them flat-footed before.
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Banks sink on European economic worry
(Reuters)
Reuters - Banks led stocks lower on Wednesday as the S&P 500 stalled near a 10-month-high after signs of weak European business activity rekindled concerns about a recession overseas.
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Home resales at 1-1/2 year-high, supply falls
(Reuters)
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.
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Take Two: Can a Second Bailout Save Greece?
(Time.com)
Time.com - After months of delays, arguments and doubts, euro zone finance ministers agreed on a second, $170 billion bailout of beleaguered Greece in the early hours of Tuesday morning
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Romney proposes 28 percent top income tax rate
(Reuters)
Reuters - Republican Mitt Romney, looking for a boost in his presidential campaign, proposed an overhaul of the tax system on Wednesday that he said would cut Americans' tax rates by 20 percent and limit deductions for the wealthy.
