Strauss-Kahn freed after French police questioning (AP)

AP - French police released former International Monetary Fund chief Dominique Strauss-Kahn on Wednesday after nearly 30 hours in custody for questioning about a suspected hotel prostitution ring.

Obama seeks corporate tax rate cut, loophole limit (AP)

AP - President Barack Obama on Wednesday proposed a lower corporate tax rate and an end to dozens of loopholes he said helps companies move jobs and profits overseas. "It's not right and it needs to change," he said.

S&P fails to break key level (Reuters)

Reuters - 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.

Past foreclosure means waiting years for new loan (AP)

AP - Next to filing for bankruptcy protection, nothing wrecks your chances of qualifying for a home loan like a foreclosure.

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.

MGM Resorts 4th-quarter loss narrows, revenue up (AP)

AP - MGM Resorts International said Wednesday that high costs kept it in the red in the fourth quarter, but it lost less than a year earlier as more people stayed at its Las Vegas Strip casinos and visitors spent more on the food, gambling, entertainment and shopping it offers.

GM in alliance talks with Peugeot in Europe (AP)

AP - General Motors Co. is in talks about a possible alliance with France's leading car maker PSA Peugeot Citroen, a deal that could dwarf PSA's partnerships with BMW, Mitsubishi Motors and Toyota.

Home resales at 1-1/2 year-high, supply falls (Reuters)

Reuters - U.S. 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.

Gas prices up for 4th straight week in W.Va. (AP)

AP - Gas prices in West Virginia are about 46 cents higher per gallon compared with a year ago.

Greek lawmakers rush to clear promised austerity (AP)

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.

JPMorgan, Citi, BofA sued for $949 million by Sealink (Reuters)

Reuters - JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and more than a half dozen other major banks are being hit with a new lawsuit over $949 million in residential mortgage-backed securities.

Citi, UBS provide keys to interest rate-rigging probe: sources (Reuters)

Reuters - Citigroup Inc and UBS AG , in a series of disclosures to law-enforcement officials, have provided crucial information to investigators in multiple countries as part of inquiries into whether the world's biggest banks manipulated a global benchmark interest rate, according to people familiar with the situation.

Fitch downgrades Greece on debt swap plan (Reuters)

Reuters - Fitch cut Greece's long-term ratings on Wednesday to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden.

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.

Holiday spending pushes Macy's 4Q profit higher (AP)

AP - A strong holiday shopping season and hearty online sales pushed Macy's Inc.'s fourth quarter net income up 12 percent. That topped Wall Street's expectations, and the department store chain's stock hit a 52-week high.

World stocks rise on hopes for Greece, US economy (AP)

AP - Stock markets advanced Friday on hopes that Greece would soon get its crucial second bailout and following another batch of upbeat U.S. economic news.