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• Euro zone warns Greeks on sovereignty and privatization (Reuters)
• Banks cutting principal on some mortgages: report (Reuters)
• Case for Sprint shares weakens: Barron's (Reuters)
• UBS reviewing goals in tough conditions: report (Reuters)
• Manufacturing rises but consumers remain wary (Reuters)
• French split on return to politics for DSK (AP)
• Free of house arrest, Strauss-Kahn savors New York (AFP)
• Iraq oil minister says no need for national oil co (Reuters)
• Obama: 'Nothing can be off-limits' in budget (AP)
• New VW plant on UAW radar as friendly target (AP)

Euro zone warns Greeks on sovereignty and privatization (Reuters) Posted: 03 Jul 2011 07:35 AM PDT Reuters - Euro zone finance ministers have approved a 12 billion euro ($17.4 billion) installment of Greece's bailout, but signaled that the nation must expect significant losses of sovereignty and jobs.

Banks cutting principal on some mortgages: report (Reuters) Posted: 03 Jul 2011 09:11 AM PDT Reuters - Bank of America Corp and JPMorgan Chase & Co have started modifying tens of thousands of mortgages where the banks deem the loans especially risky, even if the borrowers have not asked, the New York Times reported on Sunday.

Case for Sprint shares weakens: Barron's (Reuters) Posted: 03 Jul 2011 08:52 AM PDT Reuters - The case for buying shares of wireless company Sprint Nextel Corp is weakening as the company faces tough choices about upgrading its network, Barron's reported in its latest issue.

UBS reviewing goals in tough conditions: report (Reuters) Posted: 03 Jul 2011 04:57 AM PDT Reuters - Switzerland's UBS is still facing difficult market conditions after a tough second quarter and is reviewing its mid-term goals, the bank's chairman was quoted as saying on Sunday.

Manufacturing rises but consumers remain wary (Reuters) Posted: 01 Jul 2011 11:10 AM PDT Reuters - The pace of growth in U.S. manufacturing picked up for the first time in four months in June, surprising investors and fueling optimism the recent economic slowdown will be temporary.

French split on return to politics for DSK (AP) Posted: 03 Jul 2011 07:55 AM PDT AP - A new poll indicates that French people are divided over whether Dominique Strauss-Kahn should re-enter French politics after the weakening of the sexual assault case against the former International Monetary Fund chief.

Free of house arrest, Strauss-Kahn savors New York (AFP) Posted: 03 Jul 2011 09:16 AM PDT AFP - With the sex assault case against Dominique Strauss-Kahn hanging by a thread, damning new revelations have emerged about his accuser, whose mounting credibility problems prompted the ex-IMF chief's release from house arrest.

Iraq oil minister says no need for national oil co (Reuters) Posted: 03 Jul 2011 09:38 AM PDT Reuters - The creation of a new Iraqi National Oil Company to run the OPEC member's energy sector is not essential and might confuse the work of the oil ministry, Iraq's oil minister said on Sunday.

Obama: 'Nothing can be off-limits' in budget (AP) Posted: 02 Jul 2011 01:52 PM PDT AP - President Barack Obama said Saturday that "nothing can be off-limits" in the budget debate — even though Republicans have said tax increases are. The president said every tax break and federal program must come under scrutiny.

New VW plant on UAW radar as friendly target (AP) Posted: 02 Jul 2011 10:40 AM PDT AP - After decades of getting the cold shoulder from automakers in the South, the United Auto Workers union is courting the region's newcomer, Volkswagen.

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