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. CBSGreek 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. BloombergInflation 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
Pepsi ( PEP) will cut 8,700 jobs and will instead dump $500 million in their brands. ReutersCisco Systems ( CSCO) was cautious in its outlook. Surprise, surprise. San Jose MercurySirius XM ( SIRI) sees auto sales rising in 2012 will boost its subscriber count. Deadline Want to see a spectacular crash? Diamond Foods ( DMND) plunges more than 40% after accounting problems force the CEO and CFO out. WSJAlibaba shares are halted as the company is set to update its deal with Yahoo! ( YHOO). Washington Post
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. >To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet. >To submit a news tip, send an email to: firstname.lastname@example.org.