7 charged in $78M record-setting inside trade case (AP)
AP - Greed on Wall Street set a new record, federal authorities said Wednesday as they unveiled a massive insider trading case charging a hedge fund co-founder with engineering a trade that earned a staggering $53 million in profits.
Lagarde joins call for growth, economic reform (AP)
AP - The International Monetary Fund's managing director and top global finance officials are urging the world's political leaders to avoid budget cuts that would hinder economic growth.
GE expects 2012 to be another volatile year (AP)
AP - General Electric Co. is bracing for another volatile year. The global conglomerate expects to see emerging markets from China to South America continue to grow while Europe falls into a recession.
Bonus season not as festive for bank CEOs (AP)
AP - JPMorgan Chase, the nation's largest bank, posted record profit for 2011. Morgan Stanley's latest quarter topped expectations as the bank trimmed costs and cleaned up mortgage-related problems. But CEOs Jamie Dimon and James Gorman aren't taking home bigger bonuses.
Croatia votes to join EU in 2013, despite crisis (Reuters)
Reuters - Croatia voted on Sunday to join the European Union next year, shrugging off concerns over the economic turmoil in the bloc and fears that membership will compromise its hard-won sovereignty.
IIF says creditors at limits of "voluntary" Greek deal (Reuters)
Reuters - Private creditors said on Sunday they had come to the limits of what losses they could concede in a Greek debt swap, putting the ball in the court of the EU and the IMF in a tense race against the clock to avoid a messy default.
Lost decade of growth for the West (Reuters)
Reuters - Five years after the credit crisis began, Western economies are confronting the prospect of a lost decade of growth, and international diplomats are warning the damage could get even worse if Europe allows its sovereign debt crisis to fester much longer.
Strong start for stocks, but what’s changed? (Reuters)
Reuters - Stocks rising, bulls rampant are motifs you might pick if designing a coat of arms for Wall Street at the moment. But the motto should read: Caveat emptor. Yes, buyer beware.
Bernanke near inflation target prize, but jobs a concern (Reuters)
Reuters - The Federal Reserve could take the historic step this week of announcing an explicit target for inflation, a move that would fulfill a multi-year quest of the central bank's chairman, Ben Bernanke.
Apple 2012: Smooth sailing, for the most part (Reuters)
Reuters - Apple Inc coasts into 2012 with a strong wind in its sails, a clutch of envelope-pushing products in its hold, a record share price, and a steady hand at the tiller.
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