5 Things You Need to Know Before the Stock Market Opens (Correct)
BOSTON (TheStreet) -- Contracting manufacturing activity in China and Europe leads your quick fix of company, market, economic and investing news for Wednesday, Feb. 22.
Wednesday's 5 Biggest Stories
China's manufacturing activity spent a fourth straight month in contraction in February, with new export orders falling hard.
The story is the same in Europe, where eurozone composite PMI contracted unexpectedly in February.
Obama is set to unveil a new revamped tax program that would lower the effective tax rate for corporations but would kill off other deductions.
Regarding the second Greek bailout: ""Unfortunately it doesn't feel like the world has changed a whole lot."
A U.S. consumer agency says that bank overdraft fees hurt consumers. Don't worry, the banks will find other ways to nickel and dime customers.
Oh, and Thursday is the day Apple shareholders meet for their annual meeting.
Odds and Ends
Dow 13,000 is either an awesome symbol of hope or completely meaningless, depending on who you ask.
Happy Wednesday. You're about halfway through this holiday-shortened week. Here's a song by The xx to start the day off.
-- Written by Robert Holmes in Boston.
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