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5 Things You Need to Know Before the Stock Market Opens

BOSTON ( TheStreet) -- Another failed effort by Greece to secure a finalized austerity deal leads your quick fix of company, market, economic and investing news for Thursday, Feb. 9.

Thursday's 5 Biggest Stories

This is a bit like that Bill Murray movie Groundhog Day: Greece can't come to an agreement on austerity measures in order to get bailout funds. [<a href="" target="blank" rel="nofollow">CBS</a>]

Greek fatigue is already setting in. [<a href="" target="blank" rel="nofollow">MarketWatch</a>]

So how long will this drag on? Reports now have the EU giving Greece 15 more days to find a way to identify 300 million euros in measures. [<a href="" target="blank" rel="nofollow">Bloomberg</a>]

Inflation in China rebounded in January, and with the rebound come questions over whether Chinese officials should keep easing. [<a href="" target="blank" rel="nofollow">WSJ</a>]

The Bank of England drops another 50 billion pounds into the financial system. [<a href="" target="blank" rel="nofollow">Reuters</a>]

Company News

Pepsi (PEP - Get Report) will cut 8,700 jobs and will instead dump $500 million in their brands. [<a href="" target="blank" rel="nofollow">Reuters</a>]

Cisco Systems (CSCO - Get Report) was cautious in its outlook. Surprise, surprise. [<a href="" target="blank" rel="nofollow">San Jose Mercury</a>]

Sirius XM (SIRI - Get Report) sees auto sales rising in 2012 will boost its subscriber count. [<a href="" target="blank" rel="nofollow">Deadline</a>]

Want to see a spectacular crash? Diamond Foods (DMND) plunges more than 40% after accounting problems force the CEO and CFO out. [<a href="" target="blank" rel="nofollow">WSJ</a>]

Alibaba shares are halted as the company is set to update its deal with Yahoo! (YHOO - Get Report). [<a href="" target="blank" rel="nofollow">Washington Post</a>]

Investment Strategy

Insiders are selling at the fastest clip since last July. [<a href="" target="blank" rel="nofollow">MarketWatch</a>]

The long list of things that are getting better. [<a href="" target="blank" rel="nofollow">Big Picture</a>]

Odds and Ends

So you want to date a Wall Streeter... [<a href="" target="blank" rel="nofollow">DealBreaker</a>]

Happy Thursday. Ever since I saw the Super Bowl commercial for Samsung with The Darkness, I've had this song stuck in my head. [<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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