BOSTON (TheStreet) -- Greece's debt talks once again lead your quick fix of company, market, economic and investing news for Monday, Jan. 30.
Monday's 5 Biggest Stories
The Greece debt talks with creditors drag on, as if we didn't expect that. Everyone must be staying at a really plush hotel or something. [Bloomberg]
Meanwhile, EU leaders are set to sign off on a permanent rescue fund for the euro zone. Doesn't make you feel good about this crisis passing soon, does it? [Reuters]
In case you missed the excitement late Friday, Facebook is planning to file for its IPO this Wednesday. Word is the social media company is pissed at Morgan Stanley (MS) over the leak. [Business Insider]China does not cut bank reserve requirements, which shows the country's worry over more monetary easing. [Bloomberg] It's going to be a busy week for economic releases. Here's everything you need to watch for. [Calculated Risk]
Company NewsCitigroup (C) Chairman Dick Parsons is reportedly considering relinquishing his spot on the board. [WSJ] As rogue trader Kweku Adoboli pleads not guilty, UBS (UBS) is likely to face a trading probe. [MarketWatch] Power and automation company Thomas & Betts (TNB) gets a $3.9 billion buyout offer from Swiss engineering group ABB. [FT]
MarketsKilling enthusiasm over high-yield (read: junk) bonds in the low-yield environment. [Aleph Blog] When looking at the Federal Reserve's ZIRP, investors should start to remember that banks need higher interest rates to make money. [Ivanhoff Capital]
Investment StrategyA look at how a South Carolina public pension plan is trying to wean itself off of hedge funds and other alternative investments. [WSJ] 6 stocks to buy and another 2 to sell, based on a Goldman Sachs report. [MarketWatch]
Odds and EndsIt's time for the post-Davos blues to set in now that everyone has to try to save the world. [Bloomberg] I'm in the mood for some The Smiths this morning. Here's a live take for television from 1984. [YouTube] -- Written by Robert Holmes in Boston.
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