Wholesale businesses increased their stockpiles sharply in December although the gains are expected to slow in coming months, a development that could curb overall economic growth.

The U.S. Postal Service is reporting quarterly losses of $3.3 billion, hurt by declining mail volume and mounting costs for future retiree health benefits.

Greece says it has struck a deal with its bailout creditors on adopting harsh new austerity measures needed to avoid a disastrous bankruptcy.

European Central Bank head Mario Draghi says the bank could distribute any profits it makes on Greek bond holdings to member governments.

More than two years after it came clean about its addiction to debt, Greece may finally have begun its long and painful road to recovery.

U.S. stocks are opening higher, after Greek leaders agreed to cost-cutting measures aimed at preventing the country from defaulting on its debt next month.

Kodak says it will stop making digital cameras, pocket video cameras and digital picture frames in order to focus on its more profitable businesses.

Stock markets pushed higher and the euro struck a two-month high against the dollar Thursday on rising speculation Greece was ready to sign off on an austerity deal to secure its next bailout.

Feb. 9 (Bloomberg) -- The euro strengthened against the dollar as Greek politicians were said to reach a deal on austerity measures.

Feb. 9 (Bloomberg) -- Gold futures for April delivery rose $8.30, or 0.5 percent, to $1,739.60 an ounce at 8:21 a.m. on the Comex in New York. Yesterday, the metal fell 1 percent.

Feb. 9 (Bloomberg) -- The U.S. Justice Department said it will announce the resolution of a 16-month nationwide probe of abusive foreclosure practices at banks including Citigroup Inc. and Wells Fargo & Co. after the collapse of the housing bubble.

Feb. 9 (Bloomberg) -- U.S. stock futures rose, erasing earlier losses, amid a report that Greece had reached a deal on austerity measures needed to help avoid default.

Feb. 9 (Bloomberg) -- Treasuries fluctuated as negotiations in Greece stumbled over pensions and European finance ministers prepared to hold an emergency meeting, boosting demand for a refuge in U.S. debt.