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The Consumer Financial Protection Bureau is expected to launch an inquiry Wednesday into banks’ overdraft practices, which have been in regulatory crosshairs in recent years.

The bureau said it will look into whether banks are reordering customers’ debit-card charges to maximize overdraft fees. Reordering transactions can double or triple penalties, and the practice has been the target of several class-action lawsuits against the nation’s biggest banks.

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President Obama appeared hesitant to sing publicly for the second time in 2012 at a White House event Tuesday night.

But he obliged the request by blues legends Buddy Guy and B.B. King, singing a few lines of “Sweet Home Chicago.”

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PHOENIX — Front-runners Mitt Romney and Rick Santorum opened one of the most crucial periods in the Republican presidential campaign Tuesday, with Romney going on the attack while suddenly claiming the mantle of underdog as he seeks to avoid potentially devastating losses in next Tuesday’s primaries in Arizona and Michigan.

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Violence left five people dead today as protests over Quran burning by coalition troops intensified in Afghanistan. The U.S. Embassy in Kabul went into lockdown.div class="feedflare" a href="http://rss.cnn.com/~ff/rss/cnn_topstories?a=HkPiy6K0ysY:_BfqLEw9-Pg:yIl2AUoC8zA"img src="http://feeds.feedburner.com/~ff/rss/cnn_topstories?d=yIl2AUoC8zA" border="0"/img/a a href="http://rss.cnn.com/~ff/rss/cnn_topstories?a=HkPiy6K0ysY:_BfqLEw9-Pg:7Q72WNTAKBA"img src="http://feeds.feedburner.com/~ff/rss/cnn_topstories?d=7Q72WNTAKBA" border="0"/img/a a href="http://rss.cnn.com/~ff/rss/cnn_topstories?a=HkPiy6K0ysY:_BfqLEw9-Pg:V_sGLiPBpWU"img src="http://feeds.feedburner.com/~ff/rss/cnn_topstories?i=HkPiy6K0ysY:_BfqLEw9-Pg:V_sGLiPBpWU" border="0"/img/a a href="http://rss.cnn.com/~ff/rss/cnn_topstories?a=HkPiy6K0ysY:_BfqLEw9-Pg:qj6IDK7rITs"img src="http://feeds.feedburner.com/~ff/rss/cnn_topstories?d=qj6IDK7rITs" border="0"/img/a a href="http://rss.cnn.com/~ff/rss/cnn_topstories?a=HkPiy6K0ysY:_BfqLEw9-Pg:gIN9vFwOqvQ"img src="http://feeds.feedburner.com/~ff/rss/cnn_topstories?i=HkPiy6K0ysY:_BfqLEw9-Pg:gIN9vFwOqvQ" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/rss/cnn_topstories/~4/HkPiy6K0ysY" height="1" width="1"/

Google filed an application last week to provide video service to residents of Kansas City, Mo., according to state records, setting the stage for the Web giant to offer a cable-TV-like package in addition to high-speed Internet service it plans to sell there later this year.

Toll Brothers reported a quarterly loss as fewer deliveries and increased cancellations weakened revenue, but the home builder said contracts are picking up.

French car maker Peugeot Citroën is discussing a European alliance with General Motors as the two grapple with weak sales and a raging price war on the continent.

T-Mobile and MetroPCS are asking regulators to block Verizon Wireless's $3.9 billion purchase of airwave rights held by cable companies.

U.K. energy company Centrica has reached an agreement with French oil major Total SA to buy oil and gas assets in the central North Sea for $388 million.

Massmart of South Africa said it is going ahead with operational changes under Wal-Mart's purchase of a majority stake even though the deal hasn't received a final ruling.

Royal Dutch Shell made a proposed $1.57 billion cash offer to buy U.K.-listed Cove Energy, marking the company's first foray into Kenya and Mozambique.

AirAsia reported a sharply lower profit in last year's final quarter, as fuel expenses rose for Southeast Asia's largest discount carrier.

No tropical cyclones as of Wed, 22 Feb 2012 18:14:23 GMT

Geely said it will establish a 50-50 joint venture with its Volvo unit and create a China-only brand, bowing to regulatory obstacles over expanding the Swedish car brand in the country.

President Obama proposed a major overhaul of the nation’s corporate tax code on Wednesday, an election-year gambit that aims to draw a contrast over a key policy issue with the Republicans vying to replace him.

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There’s no question that Rick Santorum’s headline-grabbing statements on contraception, Obama’s “theology” and his 2008 remarks on Satan are about religion.

But they’re also about something else: Santorum’s contention that he’s a more authentic candidate than Mitt Romney.

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Tom Martinez, the longtime coach and mentor of New England Patriots quarterback Tom Brady, died Tuesday on his 66th birthday.

Maryland coach Randy Edsall has changed his mind and decided to grant former quarterback Danny O'Brien a full release from the program with no transfer restrictions, according to a news statement the school issued Wednesday.