Alexis Tsipras, head of Greece's radical left party, said in an interview with the Journal that there is little chance Europe will cut off funding to the country and if it does, Greece will repudiate its debts.

A behind-the-scenes account of J.P. Morgan's huge losses provides new details about the drama inside the bank as executives sought to understand the scope of the disaster and decide what to do about it.

Facebook priced its initial public offering at $38 a share, a move that values the Internet company at more than $100 billion. It tried floating higher numbers to investors but was rebuffed.