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• Wall St extends gains for 3rd day on Greece vote (Reuters)
• Bank of America expects loss after settlement (Reuters)
• New settlement push in CFTC oil manipulation case (Reuters)
• Lehman files new bankruptcy plan (Reuters)
• IMF says U.S. should hike debt limit to avert global shock (Reuters)
• ABS: Utility to recoup power-project costs via securitization (Reuters)
• Asia looks to "friend" Lagarde to honor IMF pledges (Reuters)
• General Mills 4Q profit climbs but outlook soft (AP)
• Greece backs austerity despite violent protests (AP)
• Feds subpoena mortgage records from Ally Financial (AP)
• Asia looks to "friend" Lagarde to honour IMF pledges (Reuters)
• French food giants duel over Brazil market (AFP)
• BofA sets aside $14 bn for US mortgage claims (AFP)
• Oil rises after Greeks pass austerity measure (AP)
• Raise taxes on wealthiest, Obama challenges GOP (AP)
• Toyota to recall 82,200 vehicles in the US (AP)

Wall St extends gains for 3rd day on Greece vote (Reuters) Posted: 29 Jun 2011 08:53 AM PDT Reuters - Stocks rose on Wednesday after the Greek parliament approved austerity measures, clearing a major hurdle in the country's bid to win access to international funding to avoid default.

Bank of America expects loss after settlement (Reuters) Posted: 29 Jun 2011 07:12 AM PDT Reuters - Bank of America Corp said it expects to take more than $20 billion in charges after settling with mortgage bond investors, resulting in a second-quarter loss.

New settlement push in CFTC oil manipulation case (Reuters) Posted: 29 Jun 2011 09:21 AM PDT Reuters - One of the biggest oil market manipulation cases undertaken by regulators is entering a new phase in which a judge will mediate settlement talks, three years after the case was launched.

Lehman files new bankruptcy plan (Reuters) Posted: 29 Jun 2011 09:09 AM PDT Reuters - Lehman Brothers Holdings Inc filed a new $65 billion bankruptcy liquidation plan that it said has won wider support, possibly setting the stage for the end of the biggest bankruptcy in U.S. history.

IMF says U.S. should hike debt limit to avert global shock (Reuters) Posted: 29 Jun 2011 07:22 AM PDT Reuters - Failure by U.S. lawmakers to agree soon on a deal to raise the government's borrowing limit could deliver a "severe shock" to a still fragile recovery and global markets, the International Monetary Fund warned on Wednesday.

ABS: Utility to recoup power-project costs via securitization (Reuters) Posted: 28 Jun 2011 04:15 PM PDT Reuters - Entergy Louisiana, LLC is the first utility to be approved to use a securitization to recover costs from a canceled power-plant project, and will issue US$200m in so-called senior secured investment recovery bonds, according to an S-3 filed Friday by the company with the SEC.

Asia looks to "friend" Lagarde to honor IMF pledges (Reuters) Posted: 29 Jun 2011 02:46 AM PDT Reuters - Asia's fast-rising economies set their sights on securing key IMF appointments under newly named chief Chistine Lagarde Wednesday, hopeful she would be the one to make good on oft-heard pledges to swing more power to emerging markets.

General Mills 4Q profit climbs but outlook soft (AP) Posted: 29 Jun 2011 08:59 AM PDT AP - General Mills Inc., one of the nation's largest food companies, reported Wednesday that its fourth-quarter profit rose 51 percent as higher prices boosted its revenue.

Greece backs austerity despite violent protests (AP) Posted: 29 Jun 2011 09:37 AM PDT AP - Greece approved more austerity measures needed to avert default next month, in a vote Wednesday that calmed markets but triggered a second day of riots that left dozens injured and the capital blanketed with tear gas.

Feds subpoena mortgage records from Ally Financial (AP) Posted: 29 Jun 2011 09:29 AM PDT AP - Federal prosecutors and securities regulators are investigating mortgage deals made by Ally Financial Inc., the former finance arm of General Motors that was bailed out by the U.S. government, according to a company regulatory filing.

Asia looks to "friend" Lagarde to honour IMF pledges (Reuters) Posted: 29 Jun 2011 03:54 AM PDT Reuters - Asia's fast-rising economies set their sights on securing key IMF appointments under newly named chief Christine Lagarde on Wednesday, hopeful she would be the one to make good on oft-heard pledges to swing more power to emerging markets.

French food giants duel over Brazil market (AFP) Posted: 29 Jun 2011 03:13 AM PDT AFP - French food retail group Casino will do all it can to block a merger between its partner in Brazil and the Brazilian operations of archrival Carrefour, the world's second biggest retailer, a source has said.

BofA sets aside $14 bn for US mortgage claims (AFP) Posted: 29 Jun 2011 09:13 AM PDT AFP - Bank of America said Wednesday it would set aside a massive $14 billion to settle claims from angry investors for losses on dodgy mortgage-backed securities in the country's housing collapse.

Oil rises after Greeks pass austerity measure (AP) Posted: 29 Jun 2011 08:34 AM PDT AP - Oil climbed near $95 per barrel Wednesday after the passage of an austerity plan in Greece relieved concerns about a wider crisis in Europe.

Raise taxes on wealthiest, Obama challenges GOP (AP) Posted: 29 Jun 2011 09:44 AM PDT AP - In a blunt challenge to Republicans in Congress, President Barack Obama insisted Wednesday that elimination of selected tax breaks for oil companies and the super-wealthy must be included in any deficit reduction plan.

Toyota to recall 82,200 vehicles in the US (AP) Posted: 29 Jun 2011 04:43 AM PDT AP - Toyota Motor Corp. said Wednesday it will recall about 82,200 hybrid SUVs in the U.S. due to computer boards with possible faulty wiring.

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