BOSTON (TheStreet) -- The final trading day of 2011, which will decide whether the S&P 500 ends the year up or down, leads your quick fix of company, market, economic and investing news for Friday, Dec. 30.
Friday's 5 Biggest Stories
Stock futures are fluctuating. Where will the S&P 500 end the year? Place your bets now. [Bloomberg]
Raise your hand if you expected the IMF to tell Greece that a 50% haircut on its bonds wouldn't be enough. [WSJ]
It's a good thing former Hewlett-Packard (HPQ) CEO Mark Hurd says it's riddled with inaccuracies, because Gloria Allred's letter detailing his alleged sexual harassment makes him look pretty bad. [Thomson Reuters]China's manufacturing activity contracted again in December. Is another reserve ratio cut not far behind? [Bloomberg] After a very ugly public mess, TCW and Jeff Gundlach's DoubleLine Capital settle their beef privately. [DealBook]
Company NewsOnly a few more days until the NYSE says "so long" to shares of bankrupt AMR Corp. (AMR). [WSJ] No surprise here: Bank of America (BAC) is on pace to be the worst performing Dow stock of the year. [Bloomberg] After detailing some its store closures, Sears Holdings (SHLD) has its debt cut further into junk status territory by Fitch Ratings. [CBS]
MarketsComplacency is haunting the bond market. [Global Macro Monitor] Money market funds are seeing their biggest inflows despite zero yields. [FT]
Investment StrategyHedge funds fudging their quarterly return numbers? That doesn't sound like them at all. [WSJ] Something's gotta give in 2012, but what will it be? [MarketWatch]
Odds and EndsYou have to love it when author Michael Lewis playfully skewers his alma mater, although this time it's not Goldman! [Bloomberg] Happy New Year! Here's hoping for a happy and healthy 2012 to you and yours. Here's the only New Year's-related video I could think of, courtesy of U2. [YouTube] -- Written by Robert Holmes in Boston.
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