IBT Staff Reporter

Greece will miss a deficit target set just months ago in a massive bailout package, according to government draft budget figures released on Sunday, showing that drastic steps taken to avert bankruptcy may not be enough.

Greece will miss a deficit target set just months ago in a massive bailout package, according to government draft budget figures released on Sunday, showing that drastic steps taken to avert bankruptcy may not be enough.

Greece will miss the deficit targets set in its EU/IMF bailout this year and next as it faces worse-than-expected recession, sources said ahead of the adoption by the cabinet of the 2012 draft budget on Sunday.

Greece will miss 2011 and 2012 budget deficit targets set by the EU and the IMF, according to figures published by the finance ministry on Sunday after the cabinet adopted the draft 2012 budget.

Greece will miss deficit targets set just months ago in a massive bailout package, sources said citing a budget draft being adopted by the cabinet on Sunday, in a setback in Europe's efforts to stave off the country's bankruptcy.

Investors are worried U.S. earnings growth may finally fall back to earth as turmoil in Europe and signs of a less robust Chinese economy hurt foreign support.

Tim Cook finally gets his chance to stride out from under Steve Jobs' shadow, and he could not have picked a better time or device to mark his unofficial debut as Apple Inc's CEO.

The Greek cabinet is expected to approve a contentious plan Sunday to lay off state workers, and sign off on a draft of next year's budget, in a race to slash spending, free up bailout loans and stave off bankruptcy.

The second of the two major derbies of the weekend will have London divided as Arsenal travel to Tottenham in Sunday's final game.

China's official news agency derided on Sunday U.S. lawmakers' efforts to pressure Beijing over its currency policy as expedient and shallow, saying they were resorting to an old habit of deflecting blame on China.

Slovakia's ruling coalition will have to reallocate cabinet posts or face a snap election unless it can find its own majority in parliament for a crucial vote on the euro zone's rescue fund, the main opposition party Smer said on Sunday.

The second of the two major derbies of the weekend will have London divided as Arsenal travel to Tottenham in Sunday's final game.

Greece will most likely receive the next tranche of the EU/IMF bailout loan in October, Austria's Finance Minister Maria Fekter was quoted telling German newspaper Welt am Sonntag on Sunday.

Japan plans to work more closely with private companies by sharing information on cyber attacks after defense contractor Mitsubishi Heavy Industries was hacked, Nikkei business daily reported Sunday.

China's official news agency derided on Sunday U.S. lawmakers' efforts to pressure Beijing over its currency policy as expedient and shallow, saying they were resorting to an old habit of deflecting blame on China.

Greece was expected to unveil its plan on Sunday to begin laying off state workers, the most contentious part of a reform package demanded by the EU and IMF to free up loans and stave off bankruptcy.

Greece was expected to unveil its plan on Sunday to begin laying off state workers, the most contentious part of a reform package demanded by the EU and IMF to free up loans and stave off bankruptcy.

Manchester United made it a 19th successive home league win -- a club record -- although it was thoroughly unconvincing and there was none of the invincible aura about them that was ever-present during the initial days of the season.

Liverpool secured a highly controversial victory in the Merseyside derby against ten-man Everton, as they came off with a 2-0 win from Goodison Park.

The Big Bang Theory was the top-rated show Thursday night as Fox won overall on the strength of X Factor, according to preliminary numbers. CBS's new How to Be a Gentleman lost much of its Big Bang lead-in, but held on to a decent rating.

Starting early next year, Anne Hathaway, Kate Winslet, Kim Basinger and a host of other stars will be available to read you a bedtime story.

Though he first attended the Hollywood Bowl more than 30 years ago, Ron Moormeister remembers well those Los Angeles Philharmonic concerts. His voice waxes rhapsodic as he recalls the lineup: Mandy Patinkin, Julie Andrews, a Tchaikovsky Spectacular complete with the bombastic 1812 Overture.

Rosie O'Donnell has confirmed via Twitter that Russell Brand, who she's called her current celebrity crush, will be the first guest on The Rosie Show, her OWN network talk show that debuts October 10.

Tony Bennett told Jon Stewart on The Daily Show that his Duets partner Amy Winehouse knew her alcohol addiction was going to kill her, when she recorded with him earlier this year.

Electric carmaker Tesla Motors threw open its factory doors to customers who have preordered its forthcoming Model S sedan on Saturday evening.

Fans of high class scenery chewing will enjoy Carnage, director Roman Polanski's acrid comedy about two bourgeoisie couples battling it out over a long weekday afternoon in Brooklyn.

Nick Watney put himself in a good position to become the PGA Tour's first three-time champion this year by surging into a tie for the lead in Saturday's third round at the Las Vegas Open.

In Oscar world, the biggest news of the week was probably the release of the first trailer for Extremely Loud and Incredibly Close, director Stephen Daldry's film version of the Jonathan Safran Foer novel set in New York City after 9/11. And while it's virtually impossible to tell how good a movie will be based on its trailer, it's safe to say that this one does scream Oscar Bait.

Can Ashton Kutcher and Demi Moore save their marriage -- or at least stave off divorce rumors -- through the power or Twitter?