BOSTON (TheStreet) -- More questions over a resolution to Greece's debt talks lead your quick fix of company, market, economic and investing news for Monday, Feb. 6.
Monday's 5 Biggest Stories
Stop me if you've heard this one before: Greek Prime Minister Lucas Papademos has struck a deal for more austerity measures in order to secure a rescue package. [Bloomberg]
Meanwhile, leaders in Greece are reluctant to bring about more austerity, especially with elections coming. [BBC]
All of these European problems could be a headache for China. The IMF thinks so, and it cut its forecast for China's economic growth. [MarketWatch]The EU may ease the rules on the capital that banks will have to hold against sovereign debt. This plan sounds like a winner. [Bloomberg] It seems regulators and five big banks are close to wrapping up a multi-billion deal over foreclosures to finally settle probes. [WSJ]
Company NewsCitigroup (C) will start issuing credit cards on its own in China. [Reuters] Humana (HUM) posts a profit and raises its 2012 outlook. [MarketWatch] General Motors (GM) wants to make $10 billion a year after getting bailed out only three years ago. [WSJ]
MarketsIn positive European news, Germany's manufacturing orders rose above expectations in December. [Nasdaq] The rally in garbage stocks makes it hard to trust the broader move higher. [Dynamic Hedge] Speaking of small-cap stocks, it looks like ETFs are having a big impact on trading. [WSJ]
Investment StrategyIn the off chance Europe improves, investors might want to check out these ETFs. [MarketWatch] Here's why holding cash is a smart move in this market. [Pragmatic Capitalism]
Odds and EndsAutomakers won big with commercials during the Super Bowl. [Reuters] The Giants beat the Patriots to win Super Bowl XLVI. Here's a Kiss for New Yorkers to enjoy today. [YouTube] -- Written by Robert Holmes in Boston.
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