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 NewsMotorola 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]
MarketsIn 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 StrategyWhy 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 EndsWarren 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.
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