AP - Britain is likely to overhaul its extradition laws amid concerns the United States is able to fly suspects out of the U.K. with little proof they have committed a crime, a senior government minister said Wednesday.
AP - Police prepared Wednesday for the release from prison of a blind, self-taught activist lawyer in much the same way they treated him before his jailing four years ago: putting his family under surveillance and ringing his rural east China home with plainclothes security personnel.
AP - A Romanian Gypsy leader on Wednesday compared French President Nicolas Sarkozy to Romania's pro-Nazi wartime leader, following the expulsion of hundreds of Gypsies from France.
AFP - Suspected members of an Islamist sect have freed hundreds of inmates in an attack on a prison in northern Nigeria that led to a fierce gun battle with authorities, officials said Wednesday.
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 - 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 - Afghan President Hamid Karzai's brother says he made at least $800,000 by buying and then reselling a high-end Dubai villa using a loan provided by the chairman of the troubled Kabul Bank.
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.
Reuters - The Bank of Canada raised its benchmark interest rate for a third consecutive time on Wednesday, nudging the rate up 25 basis points to 1 percent, but said a weak U.S. economy would hamper Canada's recovery.
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
Reuters - One of East Timor's two deputy prime ministers resigned on Wednesday after he said Prime Minister Xanana Gusmao called him a liar, posing a risk to stability of the ruling coalition of the world's youngest countries.
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 - U.N. Secretary-General Ban Ki-moon met with Rwanda's president Wednesday after he threatened to withdraw thousands of Rwandan peacekeepers if the United Nations publishes a report accusing Rwanda's army of possible genocide in the 1990s.
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.
AP - A 49-year-old American woman who lived in the southern Spanish city of Seville was killed, cut up into pieces and thrown into a river, police said Wednesday.
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.
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.
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 - Trying to smooth over recently rocky relations before a visit to Washington, Chinese President Hu Jintao told American officials on Wednesday that he wants to see healthy and stable ties between the two countries.
AP - Gunmen on Wednesday killed an Iraqi TV journalist, the second to be slain in Iraq in as many days, highlighting the dangers media workers continue to face in the country seven years after the U.S.-led invasion.
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.
AP - Tens of thousands of people have abandoned their homes across southern Mexico to escape flooding from weeks of torrential rains, and forecasts are predicting even more rainfall.
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).
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.
The Atlantic Wire - President Barack Obama says he will not extend Bush-era tax cuts for the
wealthy, which are scheduled to expire this year. However, he will
extend the Bush tax cuts for the 98 percent of households that annually earn below $250,000 for couples or $200,000 for individuals. The
White House says the tax cuts for the top 2 percent would add $700
billion to the deficit over the next ten years. Obama's announcement
comes only two days after his proposals, which some call a "second stimulus," for $50 billion in infrastructure spending
and $100 billion over ten years in business tax credits for research
and development. Here's what pundits are saying about whether Obama's
new economic initiatives will counterbalance two very negative forces
for the White House: The poor economic situation and the forecasted electoral losses for Democrats.
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 - John Demjanjuk attends most sessions of his trial in a hospital bed set up in the courtroom, wearing dark sunglasses and a hat pulled down over his face.
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.
Time.com - China has long been an unfriendly place for journalists, but two attacks on journalists in Beijing this summer serve as a reminder that the threats to the press can extend beyond censorship to outright violence