BOSTON ( TheStreet) -- The final trading day of 2011, which will decide whether the S&P 500 ends the year up or down, leads your quick fix of company, market, economic and investing news for Friday, Dec. 30.
Friday's 5 Biggest Stories
Stock futures are fluctuating. Where will the S&P 500 end the year? Place your bets now. Bloomberg Raise your hand if you expected the IMF to tell Greece that a 50% haircut on its bonds wouldn't be enough. WSJ It's a good thing former Hewlett-Packard ( HPQ) CEO Mark Hurd says it's riddled with inaccuracies, because Gloria Allred's letter detailing his alleged sexual harassment makes him look pretty bad. Thomson ReutersChina's manufacturing activity contracted again in December. Is another reserve ratio cut not far behind? Bloomberg After a very ugly public mess, TCW and Jeff Gundlach's DoubleLine Capital settle their beef privately. DealBook
Only a few more days until the NYSE says "so long" to shares of bankrupt AMR Corp. ( AMR). WSJ No surprise here: Bank of America ( BAC) is on pace to be the worst performing Dow stock of the year. Bloomberg After detailing some its store closures, Sears Holdings ( SHLD) has its debt cut further into junk status territory by Fitch Ratings. CBS
Complacency is haunting the bond market. Global Macro MonitorMoney market funds are seeing their biggest inflows despite zero yields. FT
Hedge funds fudging their quarterly return numbers? That doesn't sound like them at all. WSJ Something's gotta give in 2012, but what will it be? MarketWatch
Odds and Ends
You have to love it when author Michael Lewis playfully skewers his alma mater, although this time it's not Goldman! Bloomberg Happy New Year! Here's hoping for a happy and healthy 2012 to you and yours. Here's the only New Year's-related video I could think of, courtesy of U2. 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.