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5 Things You Need to Know Before the Stock Market Opens

Stocks in this article: MMI YHOO INHX BMY AA AKAM

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.

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