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• S&P 500 flat at 9-month high before Greek decision (Reuters)
• Inflation heats up on gasoline prices (Reuters)
• Italy police seize $6 trillion of fake U.S. T-bonds (Reuters)
• More work needed yet on elusive Greek bailout deal (Reuters)
• Heinz, Campbell Soup top Street view; shares up (Reuters)
• Stocks struggle for direction as Greece languishes (AP)
• How parts of payroll tax cut package are paid for (AP)
• Campbell Soup 2Q net declines, but beats Street (AP)
• Global bank hub ready to implement Iran sanctions (AP)
• Citigroup whistleblower: I have no regrets (Reuters)
• Merkel optimistic Greek deal can be agreed Monday (AP)
• Foreclosure abuse rampant across U.S., experts say (Reuters)
• Uganda ready for oil riches amid corruptions fears (AP)
• How payroll tax gridlock in Congress finally came unstuck (The Christian Science Monitor)
• Chrysler withdraws loan application (Reuters)

S&P 500 flat at 9-month high before Greek decision (Reuters) Posted: 17 Feb 2012 09:36 AM PST Reuters - U.S. stocks hovered near recent highs on Friday, with investors wary of making big bets heading into a holiday weekend when hopes are set for Greece's bailout plan to be approved.

Inflation heats up on gasoline prices (Reuters) Posted: 17 Feb 2012 07:39 AM PST Reuters - Gasoline prices jumped 0.9 percent in January, pushing overall consumer prices up and offering a reminder of the risks energy costs pose to the economic recovery.

Italy police seize $6 trillion of fake U.S. T-bonds (Reuters) Posted: 17 Feb 2012 06:48 AM PST Reuters - Italian police said on Friday they had seized about $6 trillion of fake U.S. Treasury bonds in Switzerland, and issued arrest warrants for eight people accused of international fraud and other financial crimes.

More work needed yet on elusive Greek bailout deal (Reuters) Posted: 17 Feb 2012 09:24 AM PST Reuters - European leaders expressed optimism on Friday that Greece would secure a new rescue package worth 130 billion euros ($171 billion) though policymakers admitted urgent work was still needed to get its debt-cutting program back on track.

Heinz, Campbell Soup top Street view; shares up (Reuters) Posted: 17 Feb 2012 08:20 AM PST Reuters - HJ Heinz Co and Campbell Soup Co posted better-than-expected quarterly profits, even as price increases meant to offset higher commodity costs hurt sales volume, and shares of both food makers rose in morning trade.

Stocks struggle for direction as Greece languishes (AP) Posted: 17 Feb 2012 09:06 AM PST AP - The stock market struggled for direction Friday as Greek debt talks idled and U.S. inflation came in at expected levels.

How parts of payroll tax cut package are paid for (AP) Posted: 17 Feb 2012 12:33 AM PST AP - Congressional negotiators have agreed on a $144 billion package that extends three major programs through the end of the year: a 2 percentage-point reduction in the Social Security payroll tax, federal unemployment benefits for the long-time unemployed and avoidance of a 27 percent cut in reimbursements for doctors treating Medicare patients.

Campbell Soup 2Q net declines, but beats Street (AP) Posted: 17 Feb 2012 08:38 AM PST AP - Campbell Soup Co.'s second-quarter net income fell 14 percent as it spent more on marketing and a cutback in discounting hurt sales volume.

Global bank hub ready to implement Iran sanctions (AP) Posted: 17 Feb 2012 09:37 AM PST AP - An international banking clearinghouse crucial to Iran's oil sales said Friday that it is prepared to discontinue services to Iranian financial institutions targeted by EU and U.S. sanctions.

Citigroup whistleblower: I have no regrets (Reuters) Posted: 16 Feb 2012 07:33 PM PST Reuters - It wasn't Sherry Hunt's original intent to go public on the shoddy quality control at a mortgage unit at Citigroup Inc , her employer since 2004.

Merkel optimistic Greek deal can be agreed Monday (AP) Posted: 17 Feb 2012 09:11 AM PST AP - Greece's hopes to finally get its bailout and dodge default next month were boosted Friday, when key European leaders, including German Chancellor Angela Merkel, sounded confident a deal could be agreed.

Foreclosure abuse rampant across U.S., experts say (Reuters) Posted: 16 Feb 2012 11:25 PM PST Reuters - A report this week showing rampant foreclosure abuse in San Francisco reflects similar levels of lender fraud and faulty documentation across the United States, say experts and officials who have done studies in other parts of the country.

Uganda ready for oil riches amid corruptions fears (AP) Posted: 17 Feb 2012 08:53 AM PST AP - Uganda's government has signed long-delayed licenses that would make it Africa's newest oil-producing nation — defying court cases, legislators and growing concerns that the new riches will bring more corruption and pollution.

How payroll tax gridlock in Congress finally came unstuck (The Christian Science Monitor) Posted: 16 Feb 2012 05:32 PM PST The Christian Science Monitor - A surprise shift by House Republicans to extend a payroll tax cut â€" without requiring offsetting spending cuts â€" broke an impasse over two other measures now set for votes in the House and Senate on Friday.

Chrysler withdraws loan application (Reuters) Posted: 16 Feb 2012 04:24 PM PST Reuters - Chrysler on Thursday withdrew an application for a U.S. government loan worth more than $3 billion to help it make cars and trucks that are more fuel efficient.

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