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• Treasury: Can't say China a forex manipulator (Reuters)
• PIMCO says Europe should relieve Greece of debt (Reuters)
• U.S. to force Wall Street to defer half bonuses: report (Reuters)
• BofA creates foreclosure unit (Reuters)
• Hedge fund Shumway says to return investor money (Reuters)
• Unemployment falls to 9 percent, lowest since 2009 (AP)
• PulteGroup 4Q loss widens on hefty charges (AP)
• Mass anti-government rally held in Serbia (AP)
• Bank of America creates unit for foreclosures (AP)
• Egypt's ex-finance chief quits IMF advisory role (AFP)
• AP Interview: Wal-Mart CEO talks leadership, life (AP)
• Obama eyes "dominant role" for private mortgages (Reuters)
• Blast rocks gas terminal in Egypt's Sinai (AP)
• Two HSBC clients sentenced in U.S. for tax evasion (Reuters)
• Texas judge names counsel to probe Toyota lawsuit (AP)

Treasury: Can't say China a forex manipulator (Reuters) Posted: 04 Feb 2011 04:14 PM PST Reuters - The Obama administration declined to name China a currency manipulator on Friday, even though it said the yuan was "substantially undervalued," sparking fresh calls for legislative retaliation to try to reduce a swelling trade deficit.

PIMCO says Europe should relieve Greece of debt (Reuters) Posted: 05 Feb 2011 07:47 AM PST Reuters - Europe should relieve Greece of some of its debt burden as its savings program would only stifle economic growth, the head of the world's biggest bond fund was quoted as saying in a German magazine on Saturday.

U.S. to force Wall Street to defer half bonuses: report (Reuters) Posted: 05 Feb 2011 08:50 AM PST Reuters - U.S. regulators will propose that major financial firms defer at least half of bonuses paid to top executives for at least three years, the Wall Street Journal cited sources as saying on Saturday.

BofA creates foreclosure unit (Reuters) Posted: 04 Feb 2011 03:19 PM PST Reuters - Bank of America Corp appointed on Friday a new foreclosure and loan modifications czar, and created a new unit to oversee problem home loans in a bid to sort out its on-going foreclosure issues, becoming the first large U.S. bank to do so.

Hedge fund Shumway says to return investor money (Reuters) Posted: 04 Feb 2011 08:18 AM PST Reuters - Hedge fund manager Chris Shumway told investors on Friday that he is returning all of their money in a few weeks, becoming the latest prominent stock picker to essentially shut down his firm.

Unemployment falls to 9 percent, lowest since 2009 (AP) Posted: 04 Feb 2011 02:11 PM PST AP - The unemployment rate is suddenly sinking at the fastest pace in a half-century, falling to 9 percent from 9.8 percent in just two months — the most encouraging sign for the job market since the recession ended.

PulteGroup 4Q loss widens on hefty charges (AP) Posted: 04 Feb 2011 04:00 PM PST AP - Homebuilder PulteGroup Inc. on Friday expressed guarded optimism that sales trends so far this year could signal improved home sales this spring.

Mass anti-government rally held in Serbia (AP) Posted: 05 Feb 2011 08:21 AM PST AP - Tens of thousands of nationalist supporters rallied against Serbia's pro-Western government on Saturday, demanding early elections amid the Balkan country's deepening economic crisis.

Bank of America creates unit for foreclosures (AP) Posted: 04 Feb 2011 03:51 PM PST AP - Bank of America Corp. on Thursday said it is splitting its mortgage business into two units, with a new division created specifically to handle foreclosures and discontinued loan products.

Egypt's ex-finance chief quits IMF advisory role (AFP) Posted: 04 Feb 2011 11:04 PM PST AFP - Egypt's former finance minister Youssef Boutros-Ghali, fired by President Hosni Mubarak in a cabinet shakeup, has resigned as chairman of the International Monetary Fund's advisory board.

AP Interview: Wal-Mart CEO talks leadership, life (AP) Posted: 05 Feb 2011 07:51 AM PST AP - Wal-Mart CEO Mike Duke leads the world's biggest retailer, which has 2.1 million employees and serves 200 million customers each week. He crisscrosses the globe every month, yet still finds time to spend with his family.

Obama eyes "dominant role" for private mortgages (Reuters) Posted: 04 Feb 2011 04:29 PM PST Reuters - The Obama administration on Friday said it wants to gradually reduce the government's support for the U.S. housing market so that the private sector can play "the dominant role."

Blast rocks gas terminal in Egypt's Sinai (AP) Posted: 05 Feb 2011 05:45 AM PST AP - An explosion rocked a gas terminal in Egypt's northern Sinai Peninsula on Saturday, setting off a massive fire that was contained by shutting off the flow of gas to neighboring Jordan and Israel, officials and witnesses said.

Two HSBC clients sentenced in U.S. for tax evasion (Reuters) Posted: 04 Feb 2011 12:26 PM PST Reuters - A father-and-son team of Miami-based property developers was sentenced to 10 years in prison on Friday for failing to report more than $49 million of income in a case that marked the first trial since the start of an intensified U.S. crackdown on offshore tax evasion.

Texas judge names counsel to probe Toyota lawsuit (AP) Posted: 04 Feb 2011 11:03 PM PST AP - A Texas judge has named a special counsel to investigate whether Toyota Motor Corp. intentionally hid evidence during a lawsuit filed by a woman paralyzed in a car crash, court documents showed.

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