ATHENS, Greece ( AP) — Greece has reached a tentative agreement on new austerity cuts demanded by creditors to release a (euro) 130 billion ($ 173 billion) bailout, hours before a crucial meeting of finance ministers in Brussels, Prime Minister Lucas Papademos’ office said today. A spokeswoman said the agreement with the majority Socialists and […]

BOSTON (AP) — Workers stashed money away in their 401(k) retirement plans at a faster clip last year but didn’t get an immediate reward for their savings strategy. Fidelity Investments, the nation’s biggest 401(k) administrator, says the average account balance was essentially unchanged in 2011, compared with 2010. The year-end average for participants in Fidelity […]

WASHINGTON (AP) — Federal officials say a deal has been reached between states and the nation’s biggest mortgage lenders over foreclosure abuses. The Justice Department said today that the settlement will be announced at a news conference later today. Five major banks — Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial — […]

CAIRO ( AP) — Egypt’s Muslim Brotherhood is calling on the country’s ruling generals to sack the current military-appointed government, saying it has failed to manage the deteriorating security and economic situation in the country. Brotherhood spokesman Mahmoud Ghozlan says the military should appoint a Brotherhood representative prime minister, who would then form a new […]