New York


  • BUENOS AIRES, July 30- Argentina's Cabinet chief Jorge Capitanich said on Wednesday he would make "no comment" on the last-ditch debt negotiations in New York, with the country facing until the end of the day to avert its second default in 12 years.

  • Thomson Reuters reports rise in revenue, profit Wednesday, 30 Jul 2014 | 7:13 AM ET

    July 30- Thomson Reuters Corp reported on Wednesday a 1 percent rise in revenue on growth in its Legal and Tax& Accounting divisions. The news and information company said that total second-quarter revenue from ongoing businesses was $3.15 billion, compared with analysts' expectations of $3.13 billion, according to Thomson Reuters I/B/E/S.

  • LONDON, July 30- Russian shares posted their biggest jump in a month on Wednesday as investors were relieved that new sanctions announced by Brussels and Washington on Tuesday were as expected and not tougher. The United States added three state-owned banks to its sanctions list- VTB, Russian Agricultural Bank and Bank of Moscow.

  • *Has said he will fight if Russia resists paying $50 bln claim. MOSCOW/ TEL AVIV, July 29- Former Yukos executive and top shareholder Leonid Nevzlin will face an uphill struggle getting any of the money he lost when the Russian oil giant was seized and nationalised after falling foul of the Kremlin.

  • MOSCOW, July 30- VTB, Russia's second-largest bank by assets, called sanctions imposed by the United States "politically motivated" and "unjust" on Wednesday but said it was confident it could raise capital if needed.

  • Prison for fraudster who lied about booking Bieber Wednesday, 30 Jul 2014 | 3:56 AM ET

    NEW YORK— A New York man who stole millions of dollars from clients by falsely promising to book performances by world-famous recording artists like Rihanna, Lady Gaga and Justin Bieber has been sentenced to five to 10 years in prison. Manhattan District Attorney Cyrus Vance Jr. announced the sentencing of 39- year-old Meceo McEaddy on Tuesday.

  • The man responsible for Hilton's grand turnaround Wednesday, 30 Jul 2014 | 3:02 AM ET

    McLEAN, Va.— Nearly every weekend, Chris Nassetta is cooking in his family's oversized kitchen, outfitted with two commercial-grade refrigerators, three sinks and a deep fryer. Between his wife, six daughters, friends, neighbors and relatives, there are often 40 people dining. "I'm not a gourmet chef," Nassetta says.

  • Terror threats at chemical plants underestimated Wednesday, 30 Jul 2014 | 2:40 AM ET

    The yearlong investigation by Republican staff on the Senate Homeland Security Committee paints a portrait of inspection delays, government errors in risk assessment and industry loopholes in a $595 million terror prevention program passed by Congress in 2006. A copy of the investigators' report was obtained by The Associated Press.

  • Kerry presses India on WTO deal ahead of arrival Wednesday, 30 Jul 2014 | 2:23 AM ET

    Secretary of State John Kerry, on his way to India for an official visit, has pressed New Delhi to drop its opposition to global trade reforms, saying it was a test of the country's commitment to advance trade and investment liberalisation.

  • Time almost up for Argentina to avoid debt default Wednesday, 30 Jul 2014 | 1:15 AM ET

    BUENOS AIRES, July 30- Argentina faced a race against on time on Wednesday to avert its second default in 12 years, needing to either cut a deal by the end of the day with "holdout" investors suing it or win more time from a U.S. court to reach a settlement.

  • WASHINGTON, July 30- U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year.

  • NEW YORK, July 30- U.S regulators may relax rules that require the fastest possible execution of securities trades, potentially helping upstart trading venue IEX Group's plans to become a full-fledged stock exchange.

  • NEW YORK/ BUENOS AIRES, July 29- Several hours of negotiations between Argentine officials and holdout investors ended without a resolution, Economy Minister Axel Kicillof said in New York on Tuesday, just a day before the nation faces a possible default. If a deal is not reached, Argentina faces another default on its sovereign obligations.

  • NEW YORK, July 30- An historic meeting between Argentina's top government officials and the holdout creditors it has battled for years in U.S. courts took place late on Tuesday, though their differences remain unresolved, the court-appointed mediator said.

  • Argentina, US bondholders meet as deadline looms Wednesday, 30 Jul 2014 | 12:22 AM ET

    NEW YORK— Argentina's economy minister emerged from daylong negotiations aimed at preventing a default Tuesday to say both sides had finally spoken for the first time, a development that raised hopes that a deal might be reached to avert a financial crisis.

  • NEW YORK/ BUENOS AIRES, July 29- Several hours of negotiations between Argentine officials and holdout investors ended without a resolution, Economy Minister Axel Kicillof said in New York on Tuesday, just a day before the nation faces a possible default.



  • popular dating website intentionally misled couples about their suitability could open it up to a U.S. Federal Trade Commission inquiry, according to lawyers and experts in consumer-protection law.

  • 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. "It's not just damage to Argentina. Regional heavyweight Brazil also backed Argentina.