Kansas City Star: Midday Business Report - Nation, World

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02/21/12--15:33: Obama seeks corporate tax rate cut, loophole limit (chan 1722748)

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.


02/21/12--19:18: Greek deal skepticism weighs on markets (chan 1722748)

Markets were subdued Wednesday as investors worried that the Greek bailout plan might not be enough to keep the country from eventually defaulting on its debts and possibly leaving the euro currency bloc.


02/21/12--21:08: Consumer-finance watchdog probes overdraft fees (chan 1722748)

The government's new consumer-watchdog agency is launching a probe into costly overdraft fees charged by big banks.


02/22/12--01:13: GM in alliance talks with Peugeot in Europe (chan 1722748)

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.


02/22/12--01:28: Company sues Apple over iPad name in Shanghai (chan 1722748)

Apple Inc. defended its right to use the iPad trademark in China in a heated court hearing Wednesday that pitted the electronics giant against a struggling Chinese electronics company that denies having sold the mainland China rights to the popular tablet computer's name.


02/22/12--05:13: Greek lawmakers rush to clear promised austerity (chan 1722748)

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.


02/22/12--05:13: MGM Resorts 4th-quarter loss narrows, revenue up (chan 1722748)

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.


02/22/12--05:28: Microsoft hits Motorola, Google with EU complaint (chan 1722748)

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.


02/22/12--06:13: W.Va. mine boss charged with fraud in deadly blast (chan 1722748)

The superintendent of the West Virginia coal mine where an explosion killed 29 men was charged Wednesday with conspiracy to defraud the federal government, becoming the highest-ranking employee to face criminal prosecution in an investigation that appeared to be moving steadily up the corporate ladder.


02/22/12--06:13: Honda recalling 46,000 vans to fix rear doors (chan 1722748)

Honda is recalling nearly 46,000 Odyssey minivans because the rear doors can fall on people unexpectedly, and have on at least two occasions.


02/22/12--06:13: US stocks fall as Europe frets over Greece (chan 1722748)

U.S. stocks fell Wednesday as investors worried over the details of a new bailout plan for Greece.