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• Wall St slips on GE, Google results (Reuters)
• Home sales at 11-month high (Reuters)
• Greece, creditors close in on debt cut deal (Reuters)
• GE revenue lower than expected (Reuters)
• Schlumberger posts profit jump (Reuters)
• SEC inspector general leaving post after 4 years (AP)
• Ohio voters want fracking halted for safety studies: poll (Reuters)
• IKEA flatpacks its way through downturn (AP)
• Has Portugal's debt default clock begun to tick? (Reuters)
• Insight: Top Justice officials connected to mortgage banks (Reuters)
• Greece hopes for debt relief deal "very soon" (AP)
• Wal-Mart names first woman as Sam's Club CEO (AP)
• Home sales up at end of dismal year, offering hope (AP)
• Oil prices fall as Greece debt talks continue (AP)
• House GOP to push for pipeline despite Obama move (AP)
• GM regains crown as top-selling automaker, Toyota No.3 (Reuters)

Wall St slips on GE, Google results (Reuters) Posted: 20 Jan 2012 07:42 AM PST Reuters - The S&P 500 and Nasdaq edged lower on Friday after GE and Google results fell short of expectations, while investors awaited a resolution in the latest round of Greek debt talks.

Home sales at 11-month high (Reuters) Posted: 20 Jan 2012 07:35 AM PST Reuters - Sales of previously owned homes rose to an 11-month high in December and the supply of properties on the market tumbled to a near 7-year low, pointing to a nascent recovery in the housing market.

Greece, creditors close in on debt cut deal (Reuters) Posted: 20 Jan 2012 06:30 AM PST Reuters - Greece was closing in on an initial deal with private bond holders on Friday that would prevent it from tumbling into a chaotic default but lose investors up to 70 percent of the loans they have given to Athens.

GE revenue lower than expected (Reuters) Posted: 20 Jan 2012 08:41 AM PST Reuters - General Electric Co's fourth-quarter revenue fell short of Wall Street expectations, with Europe's weakening economy and weak sales of appliances as the main culprits.

Schlumberger posts profit jump (Reuters) Posted: 20 Jan 2012 08:02 AM PST Reuters - Oilfield services leader Schlumberger reported a higher-than-expected rise in fourth-quarter earnings and remained cautiously optimistic about 2012 despite the potential for Europe's debt crisis to hurt economic growth and oil demand.

SEC inspector general leaving post after 4 years (AP) Posted: 17 Jan 2012 04:46 PM PST AP - The inspector general for the Securities and Exchange Commission is leaving his position after four years, during which he put the agency under harsh scrutiny and exposed serious lapses in detecting or pursuing major fraud schemes.

Ohio voters want fracking halted for safety studies: poll (Reuters) Posted: 19 Jan 2012 03:41 PM PST Reuters - Ohio voters by a wide margin want a halt to hydrofracking until more impact studies are conducted, though they believe there are economic benefits to drilling for natural gas and oil, a Quinnipiac University poll released on Thursday found.

IKEA flatpacks its way through downturn (AP) Posted: 20 Jan 2012 04:41 AM PST AP - It takes Mikael Ohlsson five minutes — and the help of one other person — to assemble IKEA's Ektorp sofa.

Has Portugal's debt default clock begun to tick? (Reuters) Posted: 20 Jan 2012 08:10 AM PST Reuters - Portugal clinched a deal on ambitious labor market reforms this week and carried out its biggest debt sale since seeking a 78-billion-euro bailout, but the challenges for the second-most risky country in the euro zone may be shifting up a gear.

Insight: Top Justice officials connected to mortgage banks (Reuters) Posted: 20 Jan 2012 06:31 AM PST Reuters - U.S. Attorney General Eric Holder and Lanny Breuer, head of the Justice Department's criminal division, were partners for years at a Washington law firm that represented a Who's Who of big banks and other companies at the center of alleged foreclosure fraud, a Reuters inquiry shows.

Greece hopes for debt relief deal "very soon" (AP) Posted: 20 Jan 2012 07:32 AM PST AP - Greece is confident a debt relief deal with private creditors that is crucial to avoid default can be reached "very soon," a government spokesman said Friday.

Wal-Mart names first woman as Sam's Club CEO (AP) Posted: 20 Jan 2012 08:54 AM PST AP - Wal-Mart Stores Inc., the world's biggest retailer, said Friday that it has named Rosalind Brewer as CEO of Sam's Club — the first woman and the first African-American to hold a CEO position at one of the company's business units.

Home sales up at end of dismal year, offering hope (AP) Posted: 20 Jan 2012 07:23 AM PST AP - Home sales rose in December to the highest pace in nearly a year. The gain coincides with other signs that show the troubled housing market improved at the end of last year

Oil prices fall as Greece debt talks continue (AP) Posted: 20 Jan 2012 08:04 AM PST AP - Oil prices are falling as Greece's debt negotiations spark new concerns about Europe's financial problems.

House GOP to push for pipeline despite Obama move (AP) Posted: 20 Jan 2012 08:12 AM PST AP - House Republicans say a fresh push for a 1,700-mile Canada-to-Texas pipeline could be part of a new round of negotiations over extending the payroll tax cut and benefits for the long-term unemployed.

GM regains crown as top-selling automaker, Toyota No.3 (Reuters) Posted: 20 Jan 2012 12:18 AM PST Reuters - General Motors Co regained its title as the world's top-selling automaker from Japanese rival Toyota Motor Corp (7203.T) in 2011, but the U.S. company faces a challenge to stay on top this year as Toyota rebuilds its disaster-struck business.

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