After a few false starts, the Greeks met again, white smoke billowed out of a chimney, and Lucas Papademos was officially named the new prime minister of Greece. [Bloomberg]
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In the News Corp.(NWS) phone-hacking scandal, James Murdoch plays the role of Tom Hagen, consigliere. [LA Times]Today in the total-surprise department: The European Union slashes its eurozone growth forecast and warns of a recession. [Washington Post]Italy's 10-year bond yield falls back below 7%. Time for a Bunga Bunga party. [FT Alphaville]More dour news from China: The country's trade surplus widens in October but falls well below expectations. [WSJ]Quote of the Day"And I will tell you, it is three agencies of government when I get there that are gone. Commerce, Education, and the ... what's the third one there? Let's see," Texas governor and GOP presidential hopeful Rick Perry said in an epic stumbling during last night's Republican debate after being asked which three federal agencies he would eliminate. [CBS News]Company NewsToday in the total-surprise department, part II: Amazon(AMZN) strongly supports a new tax bill. [Wired]I'll spare you a predictable "roasted" joke and instead say that David Einhorn must be very happy today with his short position in Green Mountain Coffee Roasters(GMCR). [Bloomberg]Watch out, Nintendo. Mobile operating platforms iOS from Apple(AAPL) and Android from Google(GOOG) grab a dominating position in U.S. portable-gaming revenue. [Mac Rumors]MarketsWhat is the blowback effect on America from the Italy and Greek crises? [Capital Spectator]A trade war in solar is brewing between the U.S. and China. [NY Times]Investment StrategyFor those who love technical analysis, here's a look at Fibonacci retracement levels for the S&P 500. [All-Star Charts]Winners and losers in the stock market switch sides on a daily basis. [Reformed Broker]Odds and EndsA slideshow of turtles that look like Sen. Mitch McConnell. [Daily Caller]"And I will tell you, there are three members of the Beastie Boys. AD Rock, Mike D, and the ... what's the third one there? Let's see." [YouTube].>To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet.>To submit a news tip, send an email to: tips@thestreet.com.
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