VELSHI: 26.5 minutes after the hour. "Minding Your Business" this morning. Big news crossing just in the past hour. Greece has a new prime minister. He is Lucas Papademos, a former banker and European Central Bank vice president. He takes over with the $177 billion EU bailout on the table right now. The markets are liking that news. Dow futures are up over 120 points right now. The S&P; 500 and NASDAQ also poised to open higher this morning. Just a few minutes back here in the United States, we are expecting a new report on the number of jobless claims filed for the first time last week. Now, this is going to give us a fresh look at the employment situation in this country and the health of the labor market. We're going to bring you those numbers as soon as they're available and tell you what they mean. Alabama's Jefferson County is now the largest local government in history to file for bankruptcy. The county which includes Birmingham plunged more than $4 billion into debt by a corruption plagued sewer project. Research in Motion says it's investigating reports that Blackberry e-mail is slow this morning, but the company says there's no system-wide outage. Last month, tens of millions of Blackberry users lost e-mail and BBMs for days. The company stock price suffered big time as a result. Still ahead, a major league baseball player kidnapped in Venezuela. AMERICAN MORNING is back after the break.
Alabama County Files Largest Municipal Bankruptcy