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• Feeling the heat on debt, earnings (Reuters)
• Wall Street, companies brace for the worst: a U.S. default (Reuters)
• Thomson Reuters shakes up Markets division (Reuters)
• Lehman trustee appeals $1.1 billion win for Barclays (Reuters)
• Greek deal won't mean austerity for France: finance minister (Reuters)
• US stocks surge on eurozone deal (AFP)
• Jobless rates jump in 28 states in June (Reuters)
• The New Euro Plan for Greece: Is Bailout 2.0 the Real Deal? (Time.com)
• India moves to open up $450 bln retail sector (AFP)
• Apollo Residential Mortgage (Investor's Business Daily)
• Iraq begins pumping through Al-Ahdab oil pipeline (AFP)
• Flyers won't benefit from expired travel taxes (AP)

Feeling the heat on debt, earnings (Reuters) Posted: 22 Jul 2011 03:20 PM PDT Reuters - New York City may be frying in near record temperatures but Wall Street has been feeling the heat for months. Wrangling over the debt ceiling and questions marks over corporate earnings mean markets are unlikely to get a break any time soon.

Wall Street, companies brace for the worst: a U.S. default (Reuters) Posted: 22 Jul 2011 04:49 PM PDT Reuters - American businesses, from Wall Street banks to major industrial corporations, are preparing contingency plans for a pair of once-unthinkable events: the United States defaulting on its debt and the loss of the nation's top AAA credit rating.

Thomson Reuters shakes up Markets division (Reuters) Posted: 22 Jul 2011 03:05 PM PDT Reuters - Five more senior executives are leaving Thomson Reuters Corp in a shake-up of its Markets division, which has posted disappointing revenue growth amid slow sales of a key new product.

Lehman trustee appeals $1.1 billion win for Barclays (Reuters) Posted: 22 Jul 2011 03:51 PM PDT Reuters - The bankruptcy trustee for Lehman Brothers Holdings Inc's brokerage arm is appealing a February decision awarding Barclays PLC about $1.1 billion associated with Barclays' purchase of Lehman's North American unit at the height of the financial crisis.

Greek deal won't mean austerity for France: finance minister (Reuters) Posted: 23 Jul 2011 05:31 AM PDT Reuters - France will not need to introduce austerity measures in response to increased debt exposure from the euro zone's new rescue plan for Greece, its finance minister said on Saturday.

US stocks surge on eurozone deal (AFP) Posted: 21 Jul 2011 01:54 PM PDT AFP - US stocks rallied on Thursday as eurozone leaders clinched a deal to bail out Greece, boosting financial stocks that had been battered in recent weeks by fears of a European debt crisis.

Jobless rates jump in 28 states in June (Reuters) Posted: 22 Jul 2011 11:45 AM PDT Reuters - Jobless rates jumped in June from the month before in more than half of the U.S. states as sinking public employment reversed the trend of steadily improving labor conditions in the first half of 2011, Labor Department data released on Friday showed.

The New Euro Plan for Greece: Is Bailout 2.0 the Real Deal? (Time.com) Posted: 22 Jul 2011 10:15 PM PDT Time.com - Euro-zone leaders seem plenty pleased with their latest bid to ease Greece's financial troubles, and they have reason to be. But does it go far enough beyond their last attempt to do any good?

India moves to open up $450 bln retail sector (AFP) Posted: 23 Jul 2011 09:18 AM PDT AFP - A top Indian government panel has approved a plan to allow foreign direct investment in the country's vast retail market in what would be one of the country's biggest economic reforms.

Apollo Residential Mortgage (Investor's Business Daily) Posted: 22 Jul 2011 03:34 PM PDT Investor's Business Daily - Apollo Residential Mortgage fell 6.8% to 18.75, a day after selling 10 mil shares at $20 a pop, in line with views. The real estate finance company, controlled by Apollo Global Management , plans to invest in mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac.

Iraq begins pumping through Al-Ahdab oil pipeline (AFP) Posted: 23 Jul 2011 08:04 AM PDT AFP - Iraq began pumping crude Saturday through a pipeline connecting the central Al-Ahdab oil field to export terminals in the south, Deputy Prime Minister Hussein al-Shahristani said, adding that exports would begin August 1.

Flyers won't benefit from expired travel taxes (AP) Posted: 23 Jul 2011 09:28 AM PDT AP - Some airline customers won't see savings this weekend even though several federal taxes on tickets have expired. US Airways and American Airlines say they've raised fares to offset any tax savings.

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