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Greek leaders face crunch talks, unions strike (Reuters) Reuters - Greek political leaders face crunch talks on Tuesday to hammer out a deal on unpopular reforms that have prompted the country's biggest labor unions to walk off the job. Facebook governance a concern for California pension fund (Reuters) Reuters - Facebook's corporate governance rules, which give shareholders little say in how the social networking website would be run as a public company, are raising the hackles of one of the largest U.S. investors, the California State Teachers' Retirement System. Mortgage deal faces setbacks, again (Reuters) Reuters - A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it. Lockheed's F-35 fighter jet under renewed pressure (Reuters) Reuters - Key U.S. senators raised fresh questions about Lockheed Martin Corp's $382 billion F-35 fighter program on Monday as the Pentagon's top weapons buyer underscored deep flaws in the way the multinational arms program was set up from the start. Why small companies' stocks deserve a closer look (AP) AP - Underperforming money managers are losing their most reliable scapegoat. 90 DC workers face firing for unemployment fraud (AP) AP - About 90 District of Columbia workers have been suspended and may be fired after officials determined they received unemployment checks while holding city jobs. Yum Brands posts 30 percent 4th-qtr profit rise (AP)
Greece caves in on civil service firings (AP)
Key states move closer to foreclosure-abuse deal (AP) AP - California and New York, the key holdouts in a long-awaited settlement over foreclosure abuses, moved closer Monday to backing a deal that would force the five largest mortgage lenders to reduce loans for about 1 million households. More than 40 U.S. states have agreed to a nationwide settlement. You can save this news page by submitting it to your favorite sites:
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Reuters - Markets edged down on Tuesday as Greek resistance to the strict conditions attached to a bailout fund sapped recent momentum spurred by hopes the global economy is improving, and the euro eased on renewed fears of a messy debt default.
AP - Yum Brands Inc., owner of the Pizza Hut, Taco Bell and KFC fast-food chains, said Monday that its fourth-quarter profit rose 30 percent with a recipe of strong overseas growth mixed with a sales turnaround at Pizza Hut in the U.S.
AP - Greece's coalition government caved in to demands to cut civil service jobs, announcing 15,000 positions would go this year, amid mounting international pressure to agree on austerity measures needed to secure major new debt agreements.
