It’s crunch time for Greece. The country met a deadline today to repay the International Monetary Fund loan of $500 million dollars or it risked a debt default. The Greek Finance Minister had been assuring European leaders the money would come on time. Greece raised money this week at an auction of 6 month Treasury Bills. However, there is still no agreement between Greece and its creditors over a package of long term reforms. Alcoa beat expectations for earnings but missed on revenue expectations. The CEO blames the company’s ongoing transformation. Zynga brings back former CEO and founder Mark Pincus to run the company.
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