A Greek drama is being played out minute-by-minute on global stock markets. With signs that the referendum on the Eurozone bailout might not go ahead after all, U.S. stock futures turned higher. European leaders are furious with the Greek prime minister, bluntly telling him to accept the bailout or get out of the Eurozone. The Greek finance minister says he opposes the referendum, as do several other members of the governing coalition.

Federal regulators are investigating the biggest bankruptcy on Wall Street since the disaster at Lehman Brothers in 2008. The SEC has launched an inquiry into whether MF Global and its CEO, Jon Corzine, made misleading statements about its investments shortly before the collapse of the firm. The New York Times reported that regulators raised red flags for months about MF Global’s risky bets and high leverage.

Apple now admits there is a problem with battery life for the new iPhone 4S and other devices running iOS 5 mobile operating software. Apple says it plans to release a software fix in a few weeks. The statement follows customer complaints and reports of problems in Britain and the United States.

Weekly jobless claims are being released this morning by the Labor Department one day ahead of the monthly employment report. Hopes were raised by Wednesday’s ADP payroll report. The private sector might be creating more new jobs than previously expected.