Can Medina Pull Off Upset?

California is a greater risk than Greece, warns JP Morgan chief

Jamie Dimon, chairman of JP Morgan Chase, has warned American investors should be more worried about the risk of default of the state of California than of Greece's current debt woes.

Greece Bailout Plan Takes Shape

A plan led by Germany and France to bail out Greece with aid of as much as €30 billion has begun to take shape, Greek and banking officials say, but the timing and terms of any rescue remained unclear.