Wall St up again on Greece, but investors skittish

Wall St up again on Greece, but investors skittish (Reuters)

Posted: 28 Jun 2011 01:34 PM PDT

Reuters - U.S. stocks rose for a second day on Tuesday on optimism that a solution to Greece's debt crisis was near, although low volume indicated underlying nervousness in the market.

Lagarde wins IMF top job, presses Greece on crisis (Reuters)

Posted: 28 Jun 2011 05:17 PM PDT

Reuters - French Finance Minister Christine Lagarde on Tuesday clinched the top job at the IMF, keeping the international lender in the hands of a European at a time of growing concern over a possible Greek debt default.

BofA near $8.5 billion settlement on securities (Reuters)

Posted: 28 Jun 2011 05:15 PM PDT

Reuters - Bank of America Corp is close to a deal to pay $8.5 billion to settle claims from a group of powerful investors that lost money on mortgage-backed securities, a person familiar with the matter said on Tuesday.

Campbell Soup to cut jobs, save money (Reuters)

Posted: 28 Jun 2011 03:25 PM PDT

Reuters - Campbell Soup Co will shed nearly 800 jobs as part of a series of cost cuts, which include exiting the Russian market, automating operations at a factory in Australia and closing one in the United States.

Morgan Stanley lost on interest-rate trades: report (Reuters)

Posted: 28 Jun 2011 06:06 PM PDT

Reuters - Morgan Stanley's interest-rates trading group lost at least tens of millions betting on inflation expectations in the second quarter, Bloomberg News reported, citing people informed about the dealings.

Stocks advance on Greek austerity vote hopes (AP)

Posted: 28 Jun 2011 08:59 AM PDT

AP - Global stocks pushed higher Tuesday as investors grew hopeful that Greek lawmakers will pass a vote on another round of austerity measures that should stop any talk of the country imminently defaulting on its debts.

Top economist: Raise the debt ceiling or blow the recovery 'out of the water' (The Christian Science Monitor)

Posted: 28 Jun 2011 11:05 AM PDT

The Christian Science Monitor - Mark Zandi, a prominent economic forecaster, says the US economy will gather steam in the second six months of 2011 â€" unless Congress fails to raise the government debt limit. In that case, “we go into recession, and my forecast would be blown out of the water,” he said Tuesday at a Monitor-hosted breakfast for reporters.

46 hurt in clashes on eve of key Greek vote (AP)

Posted: 28 Jun 2011 06:48 PM PDT

AP - Hours of rioting outside Greece's parliament left 46 people injured Tuesday, on the eve of a vote by lawmakers to adopt more painful austerity measures — a condition for bailout funds needed to prevent a potentially disastrous default.

AP Source: BofA nears $8.5B mortgage settlement (AP)

Posted: 28 Jun 2011 06:39 PM PDT

AP - Bank of America Corp. is close to finalizing a deal to pay $8.5 billion to settle claims by a group of blue-chip investors that the bank sold them poor-quality mortgage-backed securities that went sour when the housing market tanked, according to a person familiar with the settlement talks.

India sought to join IMF Lagarde consensus (Reuters)

Posted: 28 Jun 2011 05:32 PM PDT

Reuters - India supported France's Christine Lagarde as the International Monetary Fund's next leader because it wanted to be part of the consensus that was forming around her, Indian Finance Minster Pranab Mukherjee said on Tuesday.

Analysis: Big business scores key Supreme Court term wins (Reuters)

Posted: 28 Jun 2011 12:15 PM PDT

Reuters - Giant retailer Wal-Mart Inc, telecommunications company AT&T Inc and coal power companies came out the big winners in the U.S. Supreme Court's just-ended term that rejected large lawsuits against them.

Small mortgage lenders express reform worry (Reuters)

Posted: 28 Jun 2011 12:21 PM PDT

Reuters - U.S. lenders and community bankers sounded the alarm to lawmakers on Tuesday over proposed federal rules aimed at reducing risk-taking on mortgage lending, saying the guidelines could hurt small banks and impair credit markets.

Clean Coal Must Deliver Soon (Investor's Business Daily)

Posted: 28 Jun 2011 03:57 PM PDT

Investor's Business Daily - Coal is cheap and plentiful, generating 45% of America's electricity. But it's also the dirtiest source. With regulators about to impose major carbon caps, meeting America's energy needs via coal depends on cleaning it up inexpensively.

U.S. charges HSBC India client for hidden account (Reuters)

Posted: 28 Jun 2011 02:44 PM PDT

Reuters - An HSBC India client living in Wisconsin was indicted on Tuesday for hiding more than $8.7 million in offshore accounts and filing false U.S. income tax returns, the Justice Department said.

Bay Area says goodbye to hybrids' yellow carpool sticker (ContributorNetwork)

Posted: 28 Jun 2011 12:50 PM PDT

ContributorNetwork - The July 1 expiration of single-occupancy HOV lane access for hybrid cars and their handy yellow stickers will affect my life directly, even though I do not drive a vehicle. I regularly rely on rides from friends due to a disability that impairs my ability to drive. Much to our chagrin, one of my friends will no longer be able to respond quickly to my transportation needs. Especially during rush hour, this friend can scoop me up and take me to either side of the Bay Bridge with ease due to the yellow sticker he had on his hybrid car that made it easy for him to beat traffic.