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5 Things You Need to Know Before the Stock Market Opens

Story updated from 6:31 a.m. ET with Akamai, Jon Corzine, global trends items.

BOSTON (TheStreet) -- The latest meeting between Nicolas Sarkozy and Angela Merkel leads your quick fix of company, market, economic and investing news for Monday, Jan. 9.

Monday's 5 Biggest Stories

Who doesn't love a meeting? Sarkozy and Merkel will meet today to discuss their master plan to save the euro as borrowing costs in eurozone countries rise. [Bloomberg]

They also love meetings in China, as the country welcomes Treasury Secretary Tim Geithner for a discussion on Iranian nukes and trade. [Washington Post]

In other country-relations news, the U.S. is reportedly set to take legal action against Swiss bank Wegelin & Co.. [Reuters]

Wow. Investors are now paying Germany for the luxury of lending the country cash after the latest debt auction resulted in negative yields. [Reuters]

Are you excited that Alcoa (AA) will kick off the fourth-quarter earnings reporting season tonight? Well, don't be. Corporate profit growth is at a two-year low. [Bloomberg]


Quote of the Day

"Our assessment is that even if some of the eurozone countries are in a recession technically for some or all of 2012, the whole of the zone might not technically be in a recession," IMF head Christine Lagarde said of the chances that the eurozone falls into a recession this year. [Reuters]


Company News

Motorola Mobility (MMI) tries to sneak bad news by investors (and Google (GOOG)) after Friday's closing bell. [Forbes]

Yahoo! (YHOO) found its new CEO but now it's hunting for board members. [WSJ]

Bristol-Myers Squibb (BMY) announces a big takeover of Inhibitex (INHX), sparking speculation over which hepatitis C drug maker will be bought out next. [TheStreet]


Markets

In some positive news for the eurozone, the euro currency recovered from 15-month lows ahead of the Merkozy meeting. [WSJ]

But on the downside, Hungary seems to be out of options after clashing with the IMF. [Bloomberg]

Where the global trends stand headed into a new week. [Global Macro Monitor]


Investment Strategy

Why stocks will beat bonds over the next 20 years. [MarketWatch]

Akamai Technologies (AKAM) is flashing a golden cross. What should you do? [Trade With Pete]


Odds and Ends

Warren Buffett was going to sing a song and play guitar for a Spring Festival gala in China. Now, he's not. Drats. [WSJ]

Jon Corzine is looking for some office space on Wall Street. [WSJ]

Welcome to the first full trading week of the new year. Here's a Queens of the Stone Age song to get you pumped up. [YouTube]

-- Written by Robert Holmes in Boston.



>To contact the writer of this article, click here: Robert Holmes.

>To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet.

>To submit a news tip, send an email to: tips@thestreet.com.

Stock quotes in this article: MMI, YHOO, INHX, BMY, AA, AKAM 

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