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5 Things You Need to Know Before the Stock Market Opens

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. [<a href="" target="blank" rel="nofollow">Bloomberg</a>]

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? [<a href="" target="blank" rel="nofollow">Reuters</a>]

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 - Get Report) over the leak. [<a href="" target="blank" rel="nofollow">Business Insider</a>]

China does not cut bank reserve requirements, which shows the country's worry over more monetary easing. [<a href="" target="blank" rel="nofollow">Bloomberg</a>]

It's going to be a busy week for economic releases. Here's everything you need to watch for. [<a href="" target="blank" rel="nofollow">Calculated Risk</a>]

Company News

Citigroup (C - Get Report) Chairman Dick Parsons is reportedly considering relinquishing his spot on the board. [<a href="" target="blank" rel="nofollow">WSJ</a>]

As rogue trader Kweku Adoboli pleads not guilty, UBS (UBS - Get Report) is likely to face a trading probe. [<a href="" target="blank" rel="nofollow">MarketWatch</a>]

Power and automation company Thomas & Betts (TNB) gets a $3.9 billion buyout offer from Swiss engineering group ABB. [<a href="" target="blank" rel="nofollow">FT</a>]


Killing enthusiasm over high-yield (read: junk) bonds in the low-yield environment. [<a href="" target="blank" rel="nofollow">Aleph Blog</a>]

When looking at the Federal Reserve's ZIRP, investors should start to remember that banks need higher interest rates to make money. [<a href="" target="blank" rel="nofollow">Ivanhoff Capital</a>]

Investment Strategy

A look at how a South Carolina public pension plan is trying to wean itself off of hedge funds and other alternative investments. [<a href="" target="blank" rel="nofollow">WSJ</a>]

6 stocks to buy and another 2 to sell, based on a Goldman Sachs report. [<a href="" target="blank" rel="nofollow">MarketWatch</a>]

Odds and Ends

It's time for the post-Davos blues to set in now that everyone has to try to save the world. [<a href="" target="blank" rel="nofollow">Bloomberg</a>]

I'm in the mood for some The Smiths this morning. Here's a live take for television from 1984. [<a href="" target="blank" rel="nofollow">YouTube</a>]

-- 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

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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