Yahoo! News: Business News Business News Greek deal gets cool reception on Wall Street (Reuters) Reuters - News that Greece had reached a deal to secure a bailout was greeted with caution on Wall Street on Thursday, with investors taking a wait-and-see approach in a market that has become extended after weeks of gains. U.S. reaches mortgage settlement with top banks (Reuters) Reuters - The biggest U.S. banks will provide about $25 billion in relief to distressed homeowners, as state and federal officials hold lenders responsible for taking illegal shortcuts during foreclosures and for other deceptive practices. Greeks strike bailout deal in time for EU meeting (Reuters) Reuters - Greek political leaders clinched a long-stalled deal on reforms and austerity measures to secure a second international bailout and avoid a chaotic default, hours before the country's financial backers began meeting in Brussels. MF Global judge to examine insurance for ex-execs (Reuters) Reuters - The U.S. judge overseeing MF Global's bankruptcy plans a closer review before deciding whether any of an estimated $190 million of insurance coverage for former company executives should instead go to customers. German Bundestag parties to meet on Greece Friday (Reuters) Reuters - German Chancellor Angela Merkel will meet with parliamentary floor leaders on Friday to discuss Greece's bailout after euro zone ministers meet in Brussels later on Thursday, parliamentary sources said. SEC weighs two money market fund proposals (Reuters) Reuters - The chairman of the Securities and Exchange Commission is eyeing two potential plans to bolster the stability of money market funds, but their fate remains uncertain due to internal disagreement at the SEC over the need for more regulations. Big media buy back shares with cable TV cash (Reuters) Reuters - Big U.S. media companies bought back record amounts of their own shares in the last year, with cash generated by cable television networks that drew strong viewership and advertising dollars despite the economic uncertainty. Pepsico to cut 8,700 jobs; 4Q net rises (AP) AP - PepsiCo is trying to put some fizz back into its business. The food and drinks maker announced a restructuring on Thursday that includes cutting 8,700 jobs globally and plowing money into advertising drinks like Pepsi and Mountain Dew in North America. Assad cousin wins case to unfreeze Swiss millions (AP) AP - A cousin of Syria's President Bashar Assad has won a legal bid to unfreeze euro3 million ($4 million) held in bank accounts in Switzerland after convincing a Swiss court that the money had already been promised as part of a property deal before it was blocked. Obama: Mortgage deal turns page on reckless era (AP) AP - President Barack Obama says a $25 billion settlement between mortgage lenders and states over foreclosure abuses "will begin to turn the page on an era of recklessness that has left so much damage in its wake." Two top Ford execs set to retire (Reuters) Reuters - Two top Ford Motor Co executives who helped steer the U.S. automaker through the financial crisis will retire by April 1, thinning the ranks of potential candidates who could replace Chief Executive Alan Mulally in coming years. Walmart names ex-Woolworths veteran as new China CEO (Reuters) Reuters - Wal-Mart Stores Inc has named an industry veteran, but a relative newcomer to China, to run what is a strategically crucial business for the world's biggest retailer as it faces tougher competition in the fastest growing major economy. Colorado to get $205 million in foreclosure relief (AP) AP - Colorado Attorney General John Suthers says Colorado will get about $205 million as part of a multistate settlement with the nation's five largest national banks over home foreclosures. Natural gas price up on possible production cuts (AP) AP - The price of natural gas is climbing after a major producer said it may increase U.S. production cuts this year. Pennsylvania's New Budget Calls for Cutting Higher Education -- Again (ContributorNetwork) ContributorNetwork - Pennsylvania Gov. Tom Corbett unveiled his second budget as the leader of the Keystone State this week, according to the Pittsburgh Post-Gazette. As expected by many, the 2012 budget closely resembled the 2011 budget featuring cuts in a number of key areas, but true to the governor's campaign promise of not raising taxes, as the report indicates. GM creates training center at Buffalo-area plant (AP) AP - General Motors has found a new use for a building that's sat vacant at its Buffalo-area manufacturing complex for seven years.