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Business News

Greece wrangling tempers market momentum; RBA holds rates (Reuters)

A Wall St. sign is seen outside the New York Stock Exchange, February 6, 2012. REUTERS/Brendan McDermid (UNITED STATES - Tags: BUSINESS)Reuters - Greek resistance to the strict conditions attached to a bailout fund on Tuesday sapped recent momentum in markets spurred by hopes the global economy is improving, and the euro fell on renewed fears of a messy debt default.


Greek leaders face crunch talks, unions strike (Reuters) Reuters - Greek political leaders face crunch talks on Tuesday to hammer out a deal on unpopular reforms that have prompted the country's biggest labor unions to walk off the job.Toyota Q3 profit rises 51 percent, raises forecasts (Reuters)

This advertisement provided by Toyota of North America, shows a gaming room and petting zoo at the Department of Motor Vehicles. The ad will be aired during Super Bowl XLVI, Sunday, Feb. 5, 2012. (AP Photo/Toyota of America)Reuters - Toyota Motor Corp reported on Tuesday a forecast-beating 51 percent rise in quarterly operating profit, defying the impact of a strong yen and Thai floods, and lifted its cautious annual forecasts closer to market expectations.


Facebook governance a concern for California pension fund (Reuters) Reuters - Facebook's corporate governance rules, which give shareholders little say in how the social networking website would be run as a public company, are raising the hackles of one of the largest U.S. investors, the California State Teachers' Retirement System.SEC to propose new rules for money-market funds: WSJ (Reuters) Reuters - The Securities and Exchange Commission (SEC) will unveil proposals aimed at stabilizing money-market funds in the event of another financial panic, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.