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Business News

• Netflix settlement trims 14 pct off 4Q earnings (AP)
  AP - It turns out Netflix's fourth-quarter earnings aren't quite as good as the video subscription service told investors a couple weeks ago. […]
• MF Global trustee sees $1.6 billion claims gap (Reuters)
  Reuters - The shortfall in funds available to pay back customers of MF Global's collapsed brokerage is at least $1.6 billion and could be more, the trustee liquidating the brokerage said on Friday. […]
• Swiss bank Wegelin is "fugitive" in tax fraud case (Reuters)
  Reuters - Wegelin & Co, the oldest Swiss private bank, was declared a fugitive after failing to show up in a U.S. court to answer a criminal charge that it conspired to help wealthy Americans evade taxes. […]
• Greek premier says default would lead to 'chaos' (AP)
  AP - Greece's future in the eurozone came under renewed threat Friday as popular protests again turned violent and dissent grew among its lawmakers after European leaders demanded deeper spending cuts. […]
• Greek cabinet approves EU/IMF bailout bill (Reuters)
  Reuters - The Greek cabinet approved a draft bill spelling out reforms required by the EU and the IMF on Friday, taking Athens closer to getting a new 130 billion-euro bailout after the prime minister warned the alternative was "catastrophe." […]
• NHTSA: BMW fined $3M for untimely 2010 recalls (AP)
  AP - German automaker BMW has agreed to pay $3 million for delays in reporting safety defects and recalls to the federal regulators, the National Highway Traffic Safety Administration said Friday. […]
• S&P suffers year's biggest loss as Greek deal falters (Reuters)
  Reuters - The S&P 500 posted its biggest daily percentage decline thus far in 2012 on Friday after an about-face on Greece's long-awaited debt deal ended a five-week streak of gains for equities. […]
• Boy Saves Grandma's House, Makes Happy News (ContributorNetwork)
  ContributorNetwork - According to The Week, a 12-year-old boy in Wisconsin has saved his grandmother's house from foreclosure. A youth with a history of community service, Noah Lamaide created a website to highlight his projects. In January, he edited his site to highlight the plight of his grandmother, who fell behind on mortgage payments after medical […]
• Hedge fund manager charged with insider trading (Reuters)
  Reuters - A California hedge fund manager was charged on Friday with making $900,000 illegally on inside information about three technology companies, the latest strand of the high-profile Galleon Group prosecutions against money managers and traders. […]
• Oil prices tumble on European debt concern (AP)
  AP - Oil prices fell Friday with a critical bailout plan for Greece's economy in limbo, again raising the specter of bank failures and reduced oil petroleum in Europe. Here's how energy contracts traded. […]