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Private Investors Near Deal on Greek Debt

ABC News -
A disorderly and potentially devastating Greek debt default is looking much less likely. Greece and investors who own its bonds have reached a tentative deal to significantly reduce the country's debt and pave the way for it to receive a much-needed ...

Facebook Readies IPO Filing

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in 973 Google+ circles
Wall Street Journal -
By SHAYNDI RAICE and RANDALL SMITH Facebook is close to picking Morgan Stanley as the lead underwriter for its initial public offering, a significant step toward what is likely to be one of the biggest-ever US public debuts.

In Davos, Europe Is Pressed for Debt Crisis Solution

New York Times -
DAVOS, Switzerland - World leaders turned up the pressure on Europe on Saturday to erect a more formidable wall of money against the sovereign debt crisis, warning that the euro zone continues to pose a severe threat to the global economy.

Can Netflix Make It in the UK?

DailyFinance -
By Jeremy Bowman, The Motley Fool Posted 8:12PM 01/28/12 Investing It isn't the Battle of Britain, but Netflix (NAS: NFLX) has opened a second front in the video-streaming business.

World stocks dip as US GDP falls short

Reuters -
By Richard Leong | NEW YORK (Reuters) - World stocks fell on Friday on news the US economy grew more slowly than expected in the last quarter of 2011, while the euro rose on hopes of an imminent deal on Greece's debt that could help avert a disorderly ...

FDA seizes nearly 14% of imported orange juice over fungicide

Los Angeles Times -
The imported orange juice contained trace amounts of carbendazim, used to combat a fungus that leaves black spots on tree leaves. The fungicide is not allowed in the US Nearly 14% of orange juice imported to the US since early this month has been ...

Eastman: leap on the China bandwagon

Financial Times (blog) -
Eastman Chemical is going east. The specialty chemical maker, which was spun off from Kodak in late 1993, on Friday said it has agreed to buy rival Solutia for $3.4bn as it looks to ramp up its presence in fast growing emerging markets - in particular ...

Stocks fall on slower growth | Philadelphia Inquirer | 2012-01-28

Philadelphia Inquirer -
By Rita Nazareth US stocks fell, sending the Standard & Poor's 500 Index lower for a second day, after a report showed the economy expanded less than forecast in the fourth quarter as consumers curbed spending.

Davos founder Klaus Schwab: Focus on jobs, morals

USA TODAY -
By Angela Charlton, AP DAVOS, Switzerland - Capitalism is out of whack, the founder of the World Economic Forum says, welcoming critics' ideas of how to fix it - even those camped out in protest igloos near his invitation-only gathering of global VIPs.

Former Groupon Sales Managers Countersue Company Over 'Abusive' Tactics

Bloomberg -
Former Groupon Inc. (GRPN) sales managers countersued the company, which had accused them of taking trade secrets to Google Inc. (GOOG) Groupon, the world's largest online coupon site, sued two former managers in October after they left to join Google ...

Spain takes legal action against Spanair for alleged breach of aviation ...

Washington Post -
MADRID - Spain's government has launched legal action against the now-defunct airline Spanair for allegedly violating the country's aviation regulations by suddenly ceasing operations, a minister said Saturday.

Sudan says to release ships seized from S.Sudan

Reuters -
* S.Sudan shutting down oil output in retaliation * Sudan now says to free ships, ready to sign oil deal * China biggest importer of Sudanese oil (Adds Sudan denies looting oil revenue, S.Sudan reaction) By Aaron Maasho ADDIS ABABA, Jan 28 (Reuters) ...

Economic growth not enough to sharply reduce unemployment

Chicago Sun-Times -
AP January 28, 2012 6:08PM FILE - In this Aug. 30, 2011 file photo, 2011 Chevrolet Malibus are lined up at a car dealership in San Jose, Calif.

Boat hits Eggner Ferry Bridge in Aurora, Ky.

Southeast Missourian -
The motor vessel Delta Mariner sits in Kentucky Lake, Friday, Jan. 27, 2012, as a section of paved road and twisted steel truss, formerly part of the Eggner Ferry Bridge, lies on its front, in Aurora, Ky.

BP Feared Spill of 3.4 Million Gallons a Day

New York Times -
NEW ORLEANS (AP) - On the day the Deepwater Horizon sank, BP officials warned in internal e-mails that if the well was not protected by the blowout preventer, crude oil could burst into the Gulf of Mexico at a rate of 3.4 million gallons a day - an ...

Blackberry trying to avoid the hall of fallen giants

Economic Times -
Research in Motion, maker of BlackBerry smartphones and tablets, sent its co-chief executives packing last week and replaced them with Thorsten Heins, who had been RIM's chief operating officer.

Ford's Quarterly Profit Misses Estimates on Overseas Woes

BusinessWeek -
By Keith Naughton Jan. 27 (Bloomberg) -- Ford Motor Co. posted fourth-quarter profit that fell short of analysts' estimates as overseas operations dragged down results while a one-time tax gain resulted in the company's biggest annual profit since 1998 ...

Italy, Spain Are Among Five Euro-Zone Nations Downgraded by Fitch Ratings

Bloomberg -
Enlarge image Italy Economy Italy Economy Alessia Pierdomenico/Bloomberg Half-price sale at a store in Milan on Jan. 19, 2012. Play Video Enlarge image Spain Economy Spain Economy Denis Doyle/Bloomberg At the Principe Pio metro station in Madrid on ...

Iran oil chief: sanctions to hit EU buyback firms

Reuters -
By Hossein Jaseb | TEHRAN (Reuters) - European companies owed oil by Iran could lose out if Tehran imposes a ban on crude exports to the European Union next week, the head of Iran's state oil company said Saturday.

Schneiderman: Objection resolved in mortgage deal

Wall Street Journal -
AP ALBANY, NY - New York Attorney General Eric Schneiderman says there's been a resolution of one major objection to a proposed settlement between US states and the nation's biggest mortgage lenders over deceptive foreclosure practices.

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