The Other Side of Life 24/7: Daily Investor Briefing: Wall St. ends down on Greek debt...

Monday, February 9, 2015

Daily Investor Briefing: Wall St. ends down on Greek debt...

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02/9/2015

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Wall St. ends down on Greek debt worries

NEW YORK (Reuters) - Stocks fell on Monday as investors worried about Greek debt negotiations and disappointing Chinese economic data on top of uncertainty about U.S. interest rates.

Qualcomm pays $975 million, resolves China antitrust dispute

SAN FRANCISCO/BEIJING (Reuters) - Qualcomm Inc said on Monday it agreed to pay China a fine of $975 million, ending a 14-month government investigation into anti-competitive practices.

Euro zone, Greece face off as markets take fright

ATHENS/ISTANBUL (Reuters) - Greece and its euro zone partners engaged in brinkmanship on Monday, with leftist Prime Minister Alexis Tsipras insisting his country would not extend its reform-linked bailout and Germany saying it would get no more money without such a program.

G20 plan for investment targets runs into stiff opposition

ISTANBUL (Reuters) - Group of 20 finance officials look likely to reject a proposal to set countries specific investment targets to spur a global economy which appears increasingly reliant on the United States for growth.

U.S. considering reopening 2012 HSBC deferred prosecution deal: source

WASHINGTON (Reuters) - HSBC Holdings plc could see its 2012 deferred prosecution deal with U.S. authorities over anti-money laundering lapses reopened as a result of separate, ongoing probes into the bank's alleged role in manipulating currency rates and helping Americans evade taxes, a U.S. law enforcement official said on Monday.

Oil rallies for third day after OPEC sees greater crude demand

NEW YORK (Reuters) - Oil jumped for a third straight session on Monday as OPEC forecast greater demand for crude this year than previously thought and projected less supply from countries outside the producer group.

New Petrobras CEO must walk political, accounting mine field

RIO DE JANEIRO (Reuters) - By picking a banker instead of an oil executive to run Petrobras, Brazilian President Dilma Rousseff appears to have recognized that the state-run company's biggest priority is to clean up its books and acknowledge how many billions of dollars it lost to a corruption scheme in recent years.

RadioShack gets court approval for interim bankruptcy loan

WILMINGTON, Delaware (Reuters) - Bankrupt electronics retailer RadioShack Corp got court approval on Monday to borrow $10 million to support its operations until it opens the bidding this month for its best-performing stores.

Union and Shell to resume talks Tuesday over U.S. refinery pact

HOUSTON (Reuters) - Royal Dutch Shell Plc and the United Steelworkers union (USW) will resume negotiations on Tuesday over a new labor contract for U.S. refinery workers, the company said on Monday as the walkouts stretched into their ninth day.

Exclusive: SandRidge cutting rig count by almost 75 percent - document

HOUSTON (Reuters) - U.S. oil and gas producer SandRidge Energy Inc plans to slash its rig count in Oklahoma and Kansas by nearly 75 percent, according to a document obtained by Reuters.