Greek Debt Woes Lossen to Investors Delight (COF, ING)

Markets manage to finish the week with some gains on Friday, as the Dow and S&P notch gains, and the NASDAQ falls. The upward move can be largely attributed to loosening fears over Greek’s debt issues. Rumors an austerity deal is making progress alleviated worries. Markets began to trickle downward throughout the day, though, limiting gains. In corporate news, Capital One (COF) acquired ING Direct (ING), another purchase in the recent spending spree aimed at entering the consumer banking market.

Word on the Street

• Markets finish weeks with mixed gains and losses.
• Euro rises as Greece agrees to austerity plan, debt fears loosen.
• Capital One (COF) continues their spending spree by acquiring ING Direct (ING).
• Research in Motion (RIMM) continues to struggle as investors jump ship.
• Facebook app for Apple (AAPL) iPad is in development.
• Kroger (KR) shares rally as earnings easily beat expectations.

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