NEW YORK (Reuters) – Stocks rose modestly for a third straight day on Thursday after Greece reached a deal to secure a financial bailout, but investors were cautious after weeks of gains.
WASHINGTON (Reuters) – Five big U.S. banks accused of abusive mortgage practices have agreed to a $25 billion government settlement that may help roughly one million borrowers but is no magic bullet for the ailing housing market.
BRUSSELS/ATHENS (Reuters) – Greek political leaders said they had clinched a deal on economic reforms needed to secure a second EU bailout, but euro zone finance ministers demanded more steps and a parliamentary seal of approval before providing the aid.
WASHINGTON (Reuters) – Greece’s debt crisis on Thursday dominated the first day of Italian Prime Minister Mario Monti’s visit to the United States, as he urged the International Monetary Fund to be more lenient with Athens in bailout talks to prevent “a big potential explosion.”
(Reuters) – When commodities brokerage MF Global imploded, the FBI and federal prosecutors were quick to launch an investigation to pursue what seemed obvious to outspoken regulators and lawmakers: laws were broken and crimes were committed.
(Reuters) – Professional networking service LinkedIn’s outlook for the current quarter and the full year surpassed expectations as the company banks on continued strong product and subscription growth after its fourth-quarter revenue beat estimates.
(Reuters) – The Food and Drug Administration’s long-awaited guidelines for the sale of lower-cost versions of biotechnology drugs leave open the possibility that some products might not need to be tested in humans.
(Reuters) – Eastman Kodak Co , the inventor of the digital camera, plans to get out of that business in the first half of the year as the bankrupt company looks to cut costs.
(Reuters) – PepsiCo Inc Chief Executive Indra Nooyi laid out a plan to turn around the company’s North American soft drink business that includes ramping up advertising, cutting 8,700 jobs and a bigger-than-expected decline in near-term earnings.
FRANKFURT (Reuters) – European Central Bank President Mario Draghi opened the door on Thursday to helping Athens indirectly after Greek politicians finally signed up to an austerity package following days of dither and delay.
