Business : Stocks
Fidelity money fund clients sour on SEC proposals (Reuters)Reuters - Adding to the outcry against new rules for money-market funds, Fidelity Investments has warned regulators that more than half of its money-fund clients would move some or all of their assets out of the investments if the net asset value of the funds were allowed to fluctuate.
Wall St edges up as Greece draws up bailout terms (Reuters)
Reuters - Stocks edged higher on Tuesday as investors awaited the outcome of discussions on a bailout package for Greece that is critical to the country avoiding a chaotic default.
AP - Stocks recovered from early losses Tuesday after the U.S. government reported that job openings soared to the highest level in nearly three years in December. Investors were also hoping that Greek leaders would agree on new cost-cutting measures being demanded by the country's lenders.
AP - Stocks were trading lower on Tuesday as talks dragged on in Greece to agree the terms of a second bailout — and avoid looming bankruptcy — despite intense pressure from the country's euro partners.
Reuters - The euro was underpinned by hopes a way would be found to push through a second bailout deal for Greece, though poor results from some top European firms on Tuesday rekindled unease about the region's debt crisis, sending shares lower.
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.
Stock gains turn hedge fund losers into winners (Reuters)Reuters - Last year's hedge fund losers may be turning into winners again.
SEC's Gallagher wants more oversight of brokers (Reuters)Reuters - Congress made a mistake when it stripped away most of the Securities and Exchange Commission's authority to police the holding companies of broker-dealers for risks, according to the SEC's newest commissioner.
Summary Box: Stocks slip as Greek talks drag on (AP)AP - GREECED: The Dow dropped 17 points and other stock indexes dropped slightly as talks dragged on between Greek political leaders over a fresh cost-cutting measures required for Greece to get more bailout loans.
How the major stock indexes fared on Monday (AP)AP - Stock indexes closed slightly lower Monday as talks dragged on between Greek political leaders over a package of spending cuts and other measures required for the country to get more bailout loans.
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