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Wall St edges up in quiet day; Disney down late
(Reuters)
Reuters - Stocks rose slightly on Tuesday, but with the outcome of discussions on a bailout package for Greece uncertain, investors are unlikely to make big bets in coming days.
Greeks seek elusive bailout deal as EU tempers fray
(Reuters)
Reuters - Greek parties will try yet again on Wednesday to strike a reform deal in return for a new international rescue to avoid a chaotic default, after a string of delays which have prompted some EU leaders to warn that the euro zone can live without Athens.
Yahoo chairman exits, review drags on
(Reuters)
Reuters - Yahoo Inc Chairman Roy Bostock and three other directors will step down as the struggling company ploughs ahead with an internal overhaul, including discussions on dealing with its stakes in China's Alibaba Group and Yahoo Japan.
SEC weighs two money market fund proposals
(Reuters)
Reuters - The chairman of the Securities and Exchange Commission is eyeing two potential plans to bolster the stability of money market funds, but their fate remains uncertain due to internal disagreement at the SEC over the need for more regulations.
Eyes on dissident states as mortgage deal nears
(Reuters)
Reuters - A broad settlement with major banks over mortgage servicing abuses that would bring relief to distressed U.S. homeowners could be announced as early Thursday, two people familiar with the matter said.
Merger fails, but D.Boerse CEO says allies a must
(Reuters)
Reuters - D.Boerse CEO eyes new allies as NYSE deal crumbles Deutsche Boerse (DB1Gn.DE) does not believe it can survive in the long term without a new partner despite the collapse of its proposed $7.4 billion merger with NYSE Euronext , its chief executive told a German newspaper.
Global watchdog official says banking reforms must proceed
(Reuters)
Reuters - The underperforming global economy should not be allowed to delay financial system reforms, a senior official at the Financial Stability Board (FSB), a global watchdog set up by the Group of 20 nations, said on Tuesday, adding that the FSB will propose new rules on so-called shadow banking by year-end.
Disney 1Q revenue misses estimates but profits up
(AP)
AP - The Walt Disney Co. said Tuesday that its net income rose 12 percent in the final quarter of 2011, as a slimmer movie slate and upbeat theme park results helped the company top earnings forecasts even while revenue gains were less than expected.
Greek debt talks drag on but banks signal progress
(AP)
AP - Greece's private creditors signaled progress late Tuesday on a debt-relief deal but crucial talks between Greek coalition leaders about forcing more austerity upon a hostile public were again postponed.
Analysis: Banks largely reserved for U.S. mortgage pact cost
(Reuters)
Reuters - As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.
Spanish banks set aside billions for toxic assets
(AP)
AP - Spain's three top banks said Tuesday they will set aside an additional euro6.1 billion ($8 billion) to meet a new government demand for all banks to boost their buffers against troubled real estate assets.
Walmart names ex-Woolworths veteran as new China CEO
(Reuters)
Reuters - Wal-Mart Stores Inc has named an industry veteran, but a relative newcomer to China, to run what is a strategically crucial business for the world's biggest retailer as it faces tougher competition in the fastest growing major economy.
AP Enterprise: Brown bank regulator an insider
(AP)
AP - Gov. Jerry Brown's appointee to head the department that oversees banking, financial and consumer regulations in California led a trade association that fought against tighter lending restrictions before the subprime mortgage crisis exploded and was an executive with Washington Mutual when the now-failed bank was among the most aggressive marketers of loans to high-risk borrowers.
Oil rises to near $99 after US crude supply drop
(AP)
AP - Oil prices rose to near $99 a barrel Wednesday in Asia after an unexpected drop in U.S. crude supplies suggested demand is improving.
RI judge denies Richard Hatch $25 IRS payment bid
(AP)
AP - A request by reality television star Richard Hatch to give the Internal Revenue Service a reduced payment of $25 for January in his tax evasion case has been denied by a Rhode Island judge.
Chrysler, Clint Eastwood Say Super Bowl Ad Isn't Political
(ContributorNetwork)
ContributorNetwork - Chrysler Group CEO Sergio Marchionne defended the auto company's "It's Halftime in America" commercial during the Super Bowl featuring Clint Eastwood talking up Detroit. The ad slot stirred up debate for being a political statement, but Marchionne says it wasn't that, MLive reports. Here are details about Chrysler's ad.
