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Intense Greek talks for debt deal continue (AP)

IMF chief debt inspector Poul Thomsen member of the so-called troika of Greece's creditors — the European Union, the European Central Bank and the International Monetary Fund — leaves the prime minister's official residence after meeting with Greece's Prime Minister Lucas Papademos in Athens, Greece on Sunday, Feb. 5, 2012. The troika demanded tougher austerity measures, private sector pay cuts and firings of civil servants. At stake is a new euro130 billion ($171 billion) bailout deal without which Greece will default before the end of March.  (AP Photo.Kostas Tsironis)AP - Greece's coalition government leaders face mounting pressure from home and abroad to secure an agreement on strict austerity measures as they prepared for a second day of emergency talks.


Romania PM Boc quits after protests (Reuters)

Reuters - Romanian Prime Minister Emil Boc resigned on Monday, giving way to mass protests against IMF-backed austerity measures and joining leaders of other European Union states felled by fury at spending cuts.

Stock futures dip on worries over Greece (Reuters)

Specialist trader Jason Hardzewicz (L) of Barclay's Capital gives prices to traders on the floor of the New York Stock Exchange February 3, 2012. REUTERS/Brendan McDermidReuters - Stock index futures fell on Monday, indicating the benchmark S&P 500 index could pull back after a five-week rally on concerns Greece will be unable to avoid a chaotic default as it tries to reach terms on a new bailout package.


Mitsubishi to stop making cars in Western Europe (AP)

AP - Mitsubishi Motors Corp. says it will stop building cars at its Netherlands factory — the company's only plant in Western Europe — at the end of 2012.

Hasbro 4Q net income dips 1 percent (AP)

Toys by Hasbro are displayed in New York, Sunday, Feb. 5, 2012. Hasbro Inc.'s fourth-quarter net income dipped 1 percent, pinched by softer-than-expected demand in the U.S. and Canada. (AP Photo/Seth Wenig)AP - Hasbro Inc.'s fourth-quarter profit slipped 1 percent, pinched by softer-than-expected demand in the U.S. and Canada and slow sales of games and puzzles.


China growth could halve if Europe crisis worsens: IMF (Reuters)

Reuters - China's annual economic growth could be cut nearly in half this year if Europe's debt crisis tips the world economy into a recession, putting pressure on Beijing to unveil "significant" fiscal stimulus, the International Monetary Fund said.

Greece lets another deadline slip in bailout poker (Reuters)

Prime Minister Lucas Papademos arrives at his office in Athens for a meeting with Greek political leaders February 5, 2012. REUTERS/Yiorgos KarahalisReuters - Greece let yet another deadline slip on Monday for responding to painful terms for a new EU/IMF bailout as patience in Brussels wore thin over drawn-out negotiations among its feuding political leaders.


Chevron rig burns off Nigeria as damage hits shore (AP)

AP - As a fire at a Chevron Corp. gas rig off Nigeria's coast continues to burn, locals say they're seeing signs of its effects on the environment and the health of those living nearby.

GM aims for 10 percent profit margin over next few years: report (Reuters)

Reuters - General Motors aims to raise its profit margin to 10 percent over the next several years, up from the current margin of about 6 percent, Daniel Ammann, chief financial officer, told the Wall Street Journal in an interview.

Police raids highlight Italy's fight against tax evasion (Reuters)

Reuters - The two-man workshop close to the Vatican had been busy when tax police raided it last week, seizing about a million religious articles and souvenirs ranging from rosaries to images of Pope John Paul II.

Insight: Two firms flourish in frenzied MF Global aftermath (Reuters)

Reuters - The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains from the chaos of carving up a multibillion-dollar business.

France says Greek PSI talks going "relatively well" (Reuters)

Reuters - France's finance minister said on Sunday talks were moving "relatively well" on the private sector portion of a Greek bailout, but discussions designed to bring its debt down to 120 pct of GDP level by 2020 were difficult.

Romney focuses on Obama, Gingrich on Romney in NV (AP)

Republican presidential candidate, former House Speaker Newt Gingrich speaks at Stoney's Rockin Country, Friday, Feb. 3, 2012, in Las Vegas, Nev.  (AP Photo/Evan Vucci)AP - A confident Mitt Romney accused President Barack Obama of failing to do enough to create jobs as he campaigned Friday ahead of GOP presidential caucuses this weekend in a state with sky-high unemployment and foreclosure rates. Newt Gingrich, who is fighting for a respectable showing here, rolled out a fresh line of criticism by comparing the former Massachusetts governor to Obama.


New York sues banks over electronic mortgage system (Reuters)

Reuters - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.

Analysis: Stock-picking makes a comeback as macro tides fade (Reuters)

Reuters - Stock-picking once again matters on Wall Street.

Euro zone sales tumble at Christmas, no sign of growth (Reuters)

Reuters - Retail sales in the euro zone tumbled unexpectedly in December, the biggest drop in the Christmas period in three years, data showed on Friday, with rising joblessness and stubborn inflation undercut signs of a stabilization in Europe's economy.
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