Business

Business briefs

Euro help

The euro area ap proved its share of a $17.4 billion aid pay ment for Greece and pledged to complete work in the coming weeks on a second res cue package for the cash-strapped nation to prevent a default.

Perfect timing

Housing Secretary Shaun Donovan says he thinks it’s unlikely that home prices will con tinue to drop and calls it a good time to buy a home. He spoke yester day on CNN’s “State of the Union.”

Benefits probe

A nationwide crack down is coming for people fraudulently drawing unemployment payments, a $17 billion benefits swindle last year alone, say federal officials.

Israel-China

Israel and China signed a cooperation agreement that aims to boost trade between the two countries.

Foster’s focus

Foster’s Group CEO John Pollaers said the company is focusing on its business rather than talking to SABMiller after rejecting a $10.2 billion takeover bid from the maker of Per oni and Grolsch beers.