North America


  • NEW YORK/ BUENOS AIRES, July 29- Argentine Economy Minister Axel Kicillof unexpectedly arrived in New York on Tuesday to join last-minute debt negotiations with "holdout" investors in a bid to avert a default.

  • July 29- McDonald's Corp, not just its franchisees, can be held liable in complaints that the company violated employee rights, an official at the U.S. NLRB general counsel Richard Griffin Jr. wrote in the letter that of the 181 complaints filed against the fast-food chain since November 2012 in connection with employee protests, 43 had merit.

  • July 29- General Motors was hit Tuesday with a lawsuit brought on behalf of more than 650 people allegedly injured or killed in accidents involving cars that have been recalled this year for faulty ignition switches. The lawsuit was filed in Manhattan federal court, where dozens of cases against GM over the switch recall have been consolidated.

  • Vending firm ex-official sentenced in Pepsi scheme Tuesday, 29 Jul 2014 | 7:05 PM ET

    NEWARK, N.J.— A former official of a New Jersey- based vending company has been sentenced to prison time for his role in a scheme that defrauded the Pepsi Bottling Group of $2.9 million over a 10- year period.

  • NEW YORK, July 29- Argentina's economy minister, Axel Kicillof, was in New York late on Tuesday to join last-minute negotiations aimed at staving off a second default as time ran out for the South American country to cut a deal with holdout bond investors.

  • WASHINGTON, July 29- More than 17,000 U.S. military personnel and other consumers will receive about $92 million in debt relief as part of a settlement over a lender's alleged improper practices, the U.S. consumer watchdog and 13 states announced on Tuesday.

  • Panera 2Q profit drops 3.6 percent Tuesday, 29 Jul 2014 | 6:46 PM ET

    ST. LOUIS— Panera Bread Co. on Tuesday reported earnings that decreased by 3.6 percent in its second quarter, and missed analysts' expectations. The St. Louis- based company said net income dropped to $49.2 million, or $1.82 per share, from $51 million, or $1.74 per share, in the same quarter a year earlier.

  • Argentina has until late Wednesday to either pay out or reach a deal with the hedge funds that are suing for full payment on their bonds to avert a second default in little over a decade in Latin America's No. 3 economy.

  • HOUSTON, July 29- A high-stakes dispute over a tanker carrying $100 million in Iraqi Kurdish crude took a surprising turn on Tuesday when a U.S. judge said she lacked jurisdiction given the ship's distance from the Texas shore and urged that the case be settled in Iraq.

  • Dreamworks reports 2Q loss Tuesday, 29 Jul 2014 | 6:27 PM ET

    GLENDALE, Calif.— Dreamworks Animation SKG Inc. on Tuesday reported a second-quarter loss after posting a profit in the same period a year earlier. The Glendale, California- based company reported a loss of $15.4 million, or 18 cents per share, compared with a profit of $22.3 million, or 26 cents per share, in the same quarter a year earlier.

  • July 29- Amgen Inc on Tuesday said it would cut up to 15 percent of its work force and close plants in a series of moves aimed at reallocating resources as it prepares to introduce new medicines it hopes will drive future growth.

  • WASHINGTON, July 29- President Barack Obama escalated U.S. economic sanctions against Russia on Tuesday for its aggression against Ukraine but dismissed suggestions the growing chill in U.S.-Russian relations marked the start of a new Cold War.

  • Senate amends highway bill, delaying final action Tuesday, 29 Jul 2014 | 6:09 PM ET

    WASHINGTON— The Senate has amended a House-passed highway bill. The Senate's action requires that the bill go back to the House. Leaders there say they will reject the Senate change.

  • Buffalo Wild Wings 2Q profit climbs 44 percent Tuesday, 29 Jul 2014 | 6:06 PM ET

    MINNEAPOLIS— Buffalo Wild Wings Inc. on Tuesday reported profit that increased by 44 percent in its second quarter, and topped analysts' expectations. The Minneapolis- based company said earnings rose to $23.7 million, or $1.25 per share, from $16.5 million, or 88 cents per share, in the same quarter a year earlier.

  • WASHINGTON, July 29- There is currently no evidence of widespread fraud within the U.S. Export-Import Bank, its internal watchdog said, as critics of the bank flagged a wider probe of corruption claims.

  • Messy situation as Argentina debt default looms Tuesday, 29 Jul 2014 | 6:05 PM ET

    LONDON, July 29- Argentina will find itself in its second default of the 2000 s on Thursday unless a last-minute deal is reached with holdout creditors who have rejected a debt restructuring deal. But Argentina and the creditors did not meet face to face.

  • Business Highlights Tuesday, 29 Jul 2014 | 6:03 PM ET

    SAN FRANCISCO— Dustin Moskovitz has learned a lot about communication since he teamed up with his college roommate Mark Zuckerberg to create Facebook a decade ago.

  • Detroit bankruptcy trial delayed until Aug. 21 Tuesday, 29 Jul 2014 | 5:57 PM ET

    DETROIT— A trial to determine if Detroit gets out of bankruptcy has been delayed by a week to Aug. 21. The trial was first scheduled for July, a year after Detroit filed for protection under Chapter 9.. Detroit's plan to erase or greatly reduce $18 billion in debt has been approved by many creditors, including thousands of retirees.

  • NEW YORK, July 29- Four months after five former Bernard Madoff aides were convicted of helping conceal his massive Ponzi scheme, their lawyers and U.S. prosecutors are still fighting over the trial's key question: What did they know, and when did they know it?

  • July 29- New York's banking regulator is seeking to place government monitors in the U.S. offices of Deutsche Bank AG and Barclays Plc as part of its investigation into the foreign-exchange market, a person familiar with the matter said.