Stocks, euro gain on Greece aid, U.S. data

Reuters - Asian stocks climbed and the euro inched higher on Monday after policymakers approved an emergency tranche of funding for Greece, offering a lifeline to the debt-stricken nation while strong U.S. data also boosted demand for risky assets.

Short-sellers' hunt for fraud shifts to Hong Kong (Reuters)

Posted: 03 Jul 2011 12:01 PM PDT

Reuters - They are victims of their own success. So now it's time for short sellers of Chinese stocks listed in North America to shift their attention thousands of miles away to Hong Kong.

Banks cutting principal on some mortgages: report (Reuters)

Posted: 03 Jul 2011 02:54 PM PDT

Reuters - Bank of America Corp and JPMorgan Chase & Co have started modifying tens of thousands of mortgages where the banks deem the loans especially risky, even if the borrowers have not asked, the New York Times reported on Sunday.

Euro zone warns Greeks on sovereignty and privatization (Reuters)

Posted: 03 Jul 2011 07:35 AM PDT

Reuters - Euro zone finance ministers have approved a 12 billion euro ($17.4 billion) installment of Greece's bailout, but signaled that the nation must expect significant losses of sovereignty and jobs.

World markets inch up as Greek relief wears off (AP)

Posted: 01 Jul 2011 04:39 AM PDT

AP - The euphoria that gripped markets after Greece passed cost-cutting measures to secure more bailout loans wore off Friday as investors focused on another batch of economic figures underlining the slowing global economic recovery.

Business Highlights (AP)

Posted: 01 Jul 2011 02:46 PM PDT

AP - The economic recovery turns 2: Feel better yet?

French split on return to politics for DSK (AP)

Posted: 03 Jul 2011 07:55 AM PDT

AP - A new poll indicates that French people are divided over whether Dominique Strauss-Kahn should re-enter French politics after the weakening of the sexual assault case against the former International Monetary Fund chief.

French Socialist party head calls for calm amid DSK affair (Reuters)

Posted: 03 Jul 2011 01:58 PM PDT

Reuters - The head of France's Socialists urged calm in the party on Sunday as speculation over the political future of former IMF chief Dominique Strauss-Kahn grew, threatening preparations for the left's 2012 challenge to President Nicolas Sarkozy.

Egypt gas pipeline to Israel hit by explosion (Reuters)

Posted: 03 Jul 2011 06:12 PM PDT

Reuters - Saboteurs blew up a pipeline carrying gas from Egypt to Israel and Jordan Monday, forcing a shutdown in the flow of gas, Egyptian security sources said.

Congress Should Focus on Average Americans' 'Confidence' (ContributorNetwork)

Posted: 03 Jul 2011 10:40 AM PDT

ContributorNetwork - COMMENTARY | Whenever the political press uses the word "confidence," what it means is the sensitive feelings of Wall Street tycoons and business leaders. You see, at heart these cutthroats are really such sensitive flowers, that even the mention of taxes or regulations might send them into a fainting spell. That's why the Republican budget proposal slashes so much from Medicare and other parts of our social safety net -- so as to avoid inconveniencing these special and unique snowflakes by making them bear their part of our burden.

Diesel cars gain traction slowly in US market (AFP)

Posted: 03 Jul 2011 01:11 PM PDT

AFP - After many fits and starts, diesel cars are gaining traction in the US market, fueled largely by German carmakers including Volkswagen, which opened a plant in May in Tennessee.