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• Wall St extends gains with Nasdaq up 1 percent (Reuters)
• Home price decline eases, but consumers gloomy (Reuters)
• Greek protests turn violent as EU warns of default (Reuters)
• New York top court revives banks' lawsuit vs MBIA (Reuters)
• Exclusive: Up to 15 EU banks to fail stress test (Reuters)
• A look at economic developments around the globe (AP)
• Europe challenge needs strong IMF leader: US (AFP)
• Nike's 4Q profit jumps 14 percent, shares soar (AP)
• Protesters clash with riot police in Athens strike (AP)
• Second-Half Preview: The Future of Jobs and Housing (The Motley Fool)
• Brazil backs France's Lagarde to head IMF: Mantega (Reuters)
• Muslim woman sues Abercrombie & Fitch over hijab (AP)
• Yemen may retake oil pipeline, crisis persists (Reuters)
• China demands Ai Weiwei pay $1.85 million in taxes, fines (Reuters)
• Honda CFO says profit forecast not conservative (Reuters)

Wall St extends gains with Nasdaq up 1 percent (Reuters) Posted: 28 Jun 2011 08:09 AM PDT Reuters - Stocks rose on Tuesday, with the Nasdaq briefly up 1 percent, on optimism the Greek parliament would adopt an unpopular austerity plan and ease concerns about a default. A moderation in the pace of home price declines also lent stocks support.

Home price decline eases, but consumers gloomy (Reuters) Posted: 28 Jun 2011 07:51 AM PDT Reuters - The pace of decline in home prices moderated in April, while consumers this month turned more gloomy amid jitters about the labor market and economic outlook, data showed on Tuesday.

Greek protests turn violent as EU warns of default (Reuters) Posted: 28 Jun 2011 07:10 AM PDT Reuters - Anti-austerity protests turned violent in Athens on Tuesday as the European Union warned Greek lawmakers the country faces immediate default unless they back an unpopular economic plan this week.

New York top court revives banks' lawsuit vs MBIA (Reuters) Posted: 28 Jun 2011 08:59 AM PDT Reuters - New York's highest court revived a lawsuit by several large banks challenging bond insurer MBIA Inc's 2009 restructuring, which they complained was unfair to policyholders.

Exclusive: Up to 15 EU banks to fail stress test (Reuters) Posted: 28 Jun 2011 08:58 AM PDT Reuters - Up to one in six European banks is set to fail an EU-wide financial health check, according to euro zone sources close to the stress-testing, as officials scramble to set up backstops for those at risk.

A look at economic developments around the globe (AP) Posted: 27 Jun 2011 11:03 AM PDT AP - A look at economic developments and activity in major stock markets around the world Monday:

Europe challenge needs strong IMF leader: US (AFP) Posted: 27 Jun 2011 04:20 PM PDT AFP - US Treasury Secretary Timothy Geithner said Monday that challenges like Europe's crisis meant the IMF needed a strong leader, though he resisted endorsing one of the two candidates.

Nike's 4Q profit jumps 14 percent, shares soar (AP) Posted: 27 Jun 2011 05:02 PM PDT AP - Nike Inc.'s fourth-quarter profit rose 14 percent to beat expectations as strong sales of sneakers and sportswear around the world offset higher costs.

Protesters clash with riot police in Athens strike (AP) Posted: 28 Jun 2011 08:16 AM PDT AP - Youths hurled rocks and fire bombs at riot police in central Athens on Tuesday as a general strike against new austerity measures brought the country to a standstill.

Second-Half Preview: The Future of Jobs and Housing (The Motley Fool) Posted: 27 Jun 2011 09:01 AM PDT The Motley Fool - Then, the economy and stock market boomed for the first few months of the year only to peter out in summer. Same deal this year -- so far at least. The first few months brought the strongest job gains in years, a booming stock market, and hope that things were really turning the corner.

Brazil backs France's Lagarde to head IMF: Mantega (Reuters) Posted: 28 Jun 2011 09:01 AM PDT Reuters - Brazil supports French Finance Minister Christine Lagarde as the next managing director for the International Monetary Fund, Finance Minister Guido Mantega said Tuesday.

Muslim woman sues Abercrombie & Fitch over hijab (AP) Posted: 27 Jun 2011 03:02 PM PDT AP - A former stockroom worker for Abercrombie & Fitch Co. sued the clothing retailer in federal court Monday, saying she was illegally fired after refusing to remove her Muslim headscarf while on the job.

Yemen may retake oil pipeline, crisis persists (Reuters) Posted: 28 Jun 2011 08:46 AM PDT Reuters - Yemen is considering using force to secure and repair its main oil pipeline, blown up in an attack by angry tribesmen in mid-March, a senior Yemeni official told Reuters on Tuesday.

China demands Ai Weiwei pay $1.85 million in taxes, fines (Reuters) Posted: 28 Jun 2011 05:29 AM PDT Reuters - Beijing's tax authorities have asked the dissident Chinese artist Ai Weiwei, released recently from more than two months in detention, to pay 12 million yuan ($1.85 million) in back taxes and fines, a friend of his said on Tuesday.

Honda CFO says profit forecast not conservative (Reuters) Posted: 28 Jun 2011 05:42 AM PDT Reuters - Honda Motor Co's (7267.T) annual operating profit forecast is not conservative, given the yen's strength and soaring raw materials prices, the automaker's chief financial officer said on Tuesday.

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