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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. CBS

Greek fatigue is already setting in. MarketWatch

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. Bloomberg

Inflation in China rebounded in January, and with the rebound come questions over whether Chinese officials should keep easing. WSJ

The Bank of England drops another 50 billion pounds into the financial system. Reuters

Company News

Pepsi (PEP - Get Report) will cut 8,700 jobs and will instead dump $500 million in their brands. Reuters

Cisco Systems (CSCO - Get Report) was cautious in its outlook. Surprise, surprise. San Jose Mercury

Sirius XM (SIRI - Get Report) sees auto sales rising in 2012 will boost its subscriber count. Deadline

Want to see a spectacular crash? Diamond Foods (DMND - Get Report) plunges more than 40% after accounting problems force the CEO and CFO out. WSJ

Alibaba shares are halted as the company is set to update its deal with Yahoo! (YHOO - Get Report). Washington Post

Investment Strategy

Insiders are selling at the fastest clip since last July. MarketWatch

The long list of things that are getting better. Big Picture

Odds and Ends

So you want to date a Wall Streeter... DealBreaker

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

-- Written by Robert Holmes in Boston.

>To contact the writer of this article, click here: Robert Holmes.

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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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DMND $32.48 0.00%
PEP $95.95 0.00%
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