Cricket: Pakistan row 'sullying' cricket - Flower (AFP)

AFP - England coach Andy Flower said on Wednesday the ongoing spot fixing row involving Pakistan had led to the "sullying of cricket's name and reputation".

AP - WHAT'S HAPPENING: Areas of China are hit by intentional daylong blackouts, leaving factories and homes without power.

Muslims see Quran burning as threat to God's word (AP)

AP - The Quran is the most sacred object in the daily lives of Muslims and burning it would be considered an offense against God.

Australian government prepared to adjust mining tax (Reuters)

Reuters - Australia's fragile Labor government suggested on Wednesday it could adjust a planned profits-based tax on mining companies to bend to demands of the independent MPs giving it a slender grip on power.

Fed report shows widespread signs growth easing (Reuters)

Reuters - The Federal Reserve observed "widespread signs" that economic growth had eased in the six weeks through the end of August, it said on Wednesday in a report suggesting the recovery was faltering along the East Coast and the Midwest.

Muslim mason immortalized at French cathedral (AP)

AP - A Muslim stonemason who spent nearly four decades helping to restore an Roman Catholic cathedral in France has been immortalized as a winged gargoyle peering out from its facade — albeit with the inscription "God is great" at his clawed feet.

Mullah Omar tells Afghans Taliban are winning (AP)

AP - The Taliban's shadowy leader told Afghans on Wednesday that the insurgents are winning the war and warned Americans that they are wasting lives and billions in tax dollars by continuing in the conflict.

BP report blames itself, others for oil spill (AP)

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.

North Korea Succession: Reports of Power-Handover Talks (Time.com)

Time.com - In North Korea, the first congress in 30 years of the Workers' Party of Korea may be imminent, suggesting that a succession is being prepared to hand power from Kim Jong Il to his son Kim Jong Un

Koran Burning: Cues from Osama bin Laden Media Strategy? (Time.com)

Time.com - While he's planning violence against books, not people, the would-be Koran-burning Florida preacher Terry Jones is following a self-promotion strategy similar to that of al-Qaeda leader Osama bin Laden

Kia names new top executive after recalls (AP)

AP - KIA CEO: South Korean automaker Kia Motors named Lee Hyoung-keun to its top executive job Wednesday.

Ireland to split Anglo Irish into good, bad banks (AP)

AP - Ireland plans to split its most troubled financial institution, Anglo Irish Bank, in two as part of wider efforts to reassure international lenders that the Irish are taking control of their debt crisis.

Google seeks to speed up Web searches (Reuters)

Reuters - Google Inc unveiled a set of enhancements to its Internet search engine on Wednesday that predict search queries as users type, promising to speed up the time it takes to find information online.

Freddie Mac to issue new 5-year note due 2015 (AP)

AP - Government sponsored mortgage buyer Freddie Mac said Wednesday it plans to issue new five-year notes due on Sept. 10, 2015.

Peru president: New Yorker Berenson not a threat (AP)

AP - President Alan Garcia says he doesn't consider Lori Berenson a threat to Peru, suggesting he may be inclined to commute the New Yorker's accomplice-to-terrorism sentence so she can go home.

BP blames contractors for U.S. oil spill (Reuters)

Reuters - A BP Plc investigation of the Gulf of Mexico disaster played down the company's role in the world's worst offshore oil spill, seeking to share the blame with its contractors.

Nigeria leader replaces military, security heads: presidency (AFP)

AFP - Nigerian President Goodluck Jonathan has appointed new military, intelligence and police chiefs, his office said on Wednesday, ahead of January elections in the oil-rich country.

In Gulf work camp, jobless begin glum journey home (AP)

AP - The hidden face of the Emirates' economic crunch is in places such as Industrial Zone 18 and the ramshackle compound for about 700 migrant workers within. For more than six months, they have lived on charity, fought off rats and slept amid piles of trash after a construction company abruptly closed and left them jobless.

S&P 500 rises 1 percent (Reuters)

Reuters - The Standard & Poor's 500 index rose more than 1 percent in afternoon trading on Wednesday, while the Dow and Nasdaq added to gains as worries about Europe's banking system decreased, easing risk aversion.

US sex offenders see sanctuary in Caribbean sun (AP)

AP - Jeffrey Allen Weathers moved from Alaska to an oceanfront apartment in the Caribbean, but his new neighbors soon suspected the heavyset American hadn't come for the sun. The FBI now says they were right.

Pakistan to charge 3 over failed Times Square bomb (AP)

AP - Pakistan will soon bring terrorism charges against three men alleged to have helped the failed Times Square bomber meet up with militant leaders close to the Afghan border and sent him money to carry out the attack, a senior police officer said Wednesday.

Tories see poll lead evaporate (Reuters)

Reuters - The Conservative government has seen its lead over the Liberals evaporate following recent controversies and the two parties are now statistically deadlocked, according to a public opinion poll released on Wednesday.

EU suspends WTO dumping sanction bid against US (AFP)

AFP - The European Union said Wednesday it had suspended a request at the World Trade Organization for the right to impose sanctions on Washington over a controversial US anti-dumping calculation.

Smithfield posts 1Q profit on higher pork prices (AP)

AP - Smithfield Foods Inc. said Wednesday higher selling prices for pork and improvement in hog market prices helped it return to a profit in its fiscal first-quarter.

Summary Box: Mortgage lending falls 1.5 pct (AP)

AP - MORTGAGE APPLICATIONS SLIP: Applications for home loans dipped last week as mortgage rates ticked up slightly from the lowest level in decades, according to the Mortgage Bankers Association.

Economists further scale back U.S. growth outlook (Reuters)

Reuters - Stubbornly high unemployment and signs of persistent weakness in the housing market have prompted economists to further cut their outlook for U.S. growth in the second half of the year, a Reuters poll showed on Wednesday.

How to Play It Safe With Muni Bonds (U.S. News & World Report)

U.S. News & World Report - Defaults in the municipal bond market can happen, as some investors recently discovered. Municipal bonds, which are generally some of the safest investments, are issued by states, municipalities, or counties, and are usually exempt from federal, state, and local taxes. Muni defaults--such as those on bonds issued this year in Jefferson County, Ala., and Harrisburg, Pa.--are not common, but in an era of budget cuts and lower revenues, it's important for investors to be aware of the risks. Here are a few general rules for muni investors to follow:

Tight inventories hurt Talbots sales (Reuters)

Reuters - Women's clothing retailer Talbots Inc posted lower-than-expected quarterly sales and its shares fell 11.6 percent as efforts to keep inventory lean and preserve margins left it short of items to sell.

PriceSmart's revenue increase in August (AP)

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.

Banging a Drum for the MDG Summit (OneWorld.net)

OneWorld.net - NEW YORK, Sep 7 (IRIN) - Activists are pulling out all the stops ahead of a development summit at UN headquarters on 20-22 September. Pro-aid and anti-poverty lobbyists are trying everything from giant letters to banging pans to raise awareness of the high-level event.

U.S. offensive expected in home district of Afghan Taliban leader (McClatchy Newspapers)

McClatchy Newspapers - ASHEQUE, Afghanistan — Zhari, the birthplace of the Taliban movement and once again a major stronghold of the Taliban insurgency, looks set to become a battle zone where some 2,400 U.S. troops will lead an attempt to reclaim the region for the Afghan government.

IAEA report: What's driving Iran's latest bout of nuclear obstinacy (The Christian Science Monitor)

The Christian Science Monitor - Iran reacted angrily Tuesday to charges from the United Nations nuclear watchdog that it was hindering an investigation of its nuclear programs by blocking experienced inspectors, and limiting access and design information.

How the major stock indexes fared Tuesday (AP)

AP - Stocks closed lower Tuesday following new worries about Europe's debt problems. News reports said European banks may have more risky government debt on their books than was disclosed during "stress tests" earlier this year. That could mean fees from regulators and more capital-raising by the banks to bolster their balance sheets.

The Treasury's New Research Office (BusinessWeek)

BusinessWeek - Don't expect an Elizabeth Warren-style campaign for the first director of the Office of Financial Research, yet another agency set up under the financial system overhaul. Unlike the pending decision over who will lead the Consumer Financial Protection Bureau, which has prompted online petitions and a viral rap video in support of the Harvard law professor, the competition over who will be the head of the research office is a wonks-only affair. ...