DJIA: Wall Street Edges up with Greek deal awaited, PepsiCo Q4 Earnings Boosted by Sales
Jessica Menton | Feb 7, 2012 5:46pm EST | 01min:44sec
Stocks edged higher today as investors awaited the outcome of discussions on a bailout package for Greece that is critical to the country avoiding a chaotic default.
Greek political parties delayed yet again making the tough choice of accepting painful reforms in return for a new international bailout to avoid a chaotic default, seemingly deaf to EU warnings that the euro zone can live without Athens.
In U.S. news, a plan to fast-track the stalled the Keystone XL pipeline was passed by a key committee in the House of Representatives, as Republicans made yet another attempt to spur approval of the project that has become a major issue in the 2012 elections.
And in company news, PepsiCo. is projected to report stronger fourth-quarter profit as the world's largest snack-food maker continues targeting emerging market growth and improves its hedging against commodity price swings.
