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• Stocks at 4-1/2 week high, risk back in favor (Reuters)
• S&P warning adds default threat to Greece's bailout (Reuters)
• Markets anticipate Nasdaq/LSE tie-up after TMX flop (Reuters)
• Analysis: Deep fiscal pockets are Asia's ace in the hole (Reuters)
• China central bank says to stick to prudent monetary policy (Reuters)
• How the major stock indexes fared Friday (AP)
• The economic recovery turns 2: Feel better yet? (AP)
• Saab's $40 million property sale progresses (AP)
• Banks cutting principal on some mortgages: report (Reuters)
• Frenchwoman to sue Strauss-Kahn for attempted rape (AFP)
• Amazon to acquire British Book Depository (AFP)
• Saboteurs bomb Egypt gas pipeline (AFP)
• Queen cost British taxpayers less in the past year (AP)
• VW takes stake in truckmaker MAN (AFP)

Stocks at 4-1/2 week high, risk back in favor (Reuters) Posted: 04 Jul 2011 07:14 AM PDT Reuters - World stocks hit a 4-1/2 week high Monday as investors grew confident over global economic prospects after Greece avoided an early debt default and data pointed to a moderate slowdown in China's growth.

S&P warning adds default threat to Greece's bailout (Reuters) Posted: 04 Jul 2011 04:33 AM PDT Reuters - Greece would likely be in default if it follows a debt rollover plan pushed by French banks, S&P warned on Monday, deepening the pain of a bailout that one European official said will cost Athens sovereignty and jobs.

Markets anticipate Nasdaq/LSE tie-up after TMX flop (Reuters) Posted: 04 Jul 2011 06:16 AM PDT Reuters - The London Stock Exchange should consider a tie-up with Nasdaq OMX to secure its place as a global competitor, after its failed bid for Canadian group TMX made it vulnerable as a takeover target, investors and market participants said.

Analysis: Deep fiscal pockets are Asia's ace in the hole (Reuters) Posted: 04 Jul 2011 04:20 AM PDT Reuters - Reserve-rich Asia can afford to turn on the government spending taps should a recent bout of sluggish economic growth deteriorate into a deeper downturn.

China central bank says to stick to prudent monetary policy (Reuters) Posted: 04 Jul 2011 04:40 AM PDT Reuters - China's central bank pledged on Monday to keep its "prudent" policy to wrestle inflation under control, but signaled some concerns over slowing growth by stressing policy "stability."

How the major stock indexes fared Friday (AP) Posted: 01 Jul 2011 02:00 PM PDT AP - Stocks closed their best week since the bull market began in March 2009.

The economic recovery turns 2: Feel better yet? (AP) Posted: 02 Jul 2011 07:23 AM PDT AP - This is one anniversary few feel like celebrating.

Saab's $40 million property sale progresses (AP) Posted: 04 Jul 2011 06:58 AM PDT AP - The European Investment Bank on Monday approved Saab's plan to improve its ailing finances with a $40 million deal to sell and lease back property.

Banks cutting principal on some mortgages: report (Reuters) Posted: 04 Jul 2011 05:49 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.

Frenchwoman to sue Strauss-Kahn for attempted rape (AFP) Posted: 04 Jul 2011 07:26 AM PDT AFP - A French woman will bring legal action this week for attempted rape against former IMF head Dominique Strauss-Kahn, her lawyer said Monday in an interview published online.

Amazon to acquire British Book Depository (AFP) Posted: 04 Jul 2011 04:57 AM PDT AFP - US online retailer Amazon.com announced Monday it will acquire British online bookstore The Book Depository.

Saboteurs bomb Egypt gas pipeline (AFP) Posted: 04 Jul 2011 06:16 AM PDT AFP - Saboteurs bombed an Egyptian gas pipeline in the Sinai peninsula on Monday for the third time since February, cutting supplies to Israel and Jordan.

Queen cost British taxpayers less in the past year (AP) Posted: 04 Jul 2011 02:56 AM PDT AP - British taxpayers spent 32.1 million pounds ($51.7 million) supporting the monarchy in the past year, 5.3 percent less than the year before, as Queen Elizabeth II joined a national cost-cutting drive.

VW takes stake in truckmaker MAN (AFP) Posted: 04 Jul 2011 03:38 AM PDT AFP - Volkswagen, the biggest European automaker, said on Monday that it now holds a majority of the heavy truck maker MAN, a key step towards the creation of a third European truck giant.

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