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  • Argentina slid into default last month after a New York court blocked an interest payment of $539 million owed to holders of debt that was restructured after the country's record 2002 default.

  • BUENOS AIRES, Aug 19- President Cristina Fernandez said on Tuesday her government will move to service its defaulted debt in Argentina or allow bondholders to swap their bonds for new bonds governed by national law in order to get around a U.S. court order.

  • Singer Ray J denies crimes at Beverly Hills hotel Tuesday, 19 Aug 2014 | 8:38 PM ET

    BEVERLY HILLS, California— Singer Ray J has pleaded not guilty to groping a woman at a Beverly Hills hotel bar and resisting arrest afterward. Los Angeles County prosecutors say Ray J— whose legal name is William Ray Norwood— entered the plea Tuesday to misdemeanor charges of sexual battery, vandalism, battery on a police officer and resisting a peace officer.

  • NEW YORK, Aug 19- Citigroup Inc's general counsel for its global consumer business, Stephen Simcock, is leaving the bank "to pursue another opportunity," a spokeswoman said on Tuesday. Anita Romero, formerly head of the corporate legal department, will replace Simcock, spokeswoman Elizabeth Fogarty said by email.

  • Prison company pays $8 million in back wages Tuesday, 19 Aug 2014 | 5:15 PM ET

    LOS ANGELES— The nation's largest private prison company, Corrections Corp. of America, has paid more than $8 million in back wages and benefits to current and former employees guarding federal inmates at a prison in California City, officials with the U.S. Department of Labor said Tuesday.

  • NEW YORK, Aug 18- A judge said he will rule on Tuesday whether junior bondholders of Momentive Performance Materials, a quartz and silicone maker owned by Apollo Global Management, are being fairly pushed behind other creditors, a decision that could make or break Momentive's plan to cut $3 billion in debt and exit bankruptcy.

  • Analysis: Congress can still do deals when it must Monday, 18 Aug 2014 | 1:04 PM ET

    WASHINGTON— Washington may be a sea of dysfunction, but the current Congress is offering a few reminders about how a bill becomes a law: compromise. However, when it came to improving veterans' health care, overhauling job training programs, authorizing water projects and "unlocking" cellphones for use in other networks, Congress managed to get the job done.

  • NEW YORK, Aug 18- Momentive Performance Materials, the quartz and silicone maker owned by Apollo Global Management, will embark Monday on a week of hotly contested hearings seeking court approval of a plan to cut $3 billion in debt and exit bankruptcy.

  • Taxpayers on hook for $6.5M to Bridgegate law firm Saturday, 16 Aug 2014 | 12:16 PM ET

    TRENTON, N.J.— New Jersey taxpayers are on the hook for more than $6.5 million to the law firm Gov. Chris Christie hired to represent his office in the George Washington Bridge lane-closing scandal.

  • Voters to decide fate of Alaska oil production tax Saturday, 16 Aug 2014 | 11:40 AM ET

    ANCHORAGE, Alaska— Amid a fog of conflicting claims, Alaskans head to the polls Tuesday to decide if the state's old system for taxing oil companies, passed in 2007 after some lawmakers were suspected of bribery, is better than the new system, a tax cut passed last year to try to attract investment from petroleum companies.

  • Brown extends tax credit to Northrop Grumman Friday, 15 Aug 2014 | 5:33 PM ET

    Jerry Brown has signed legislation that extends a $420 million state tax credit to aerospace giant Northrop Grumman Corp. after approving a similar deal for its competitor, Lockheed Martin Corp.. It expands an aerospace tax credit that lawmakers approved in July for Lockheed Martin so it also applies to Northrop Grumman.

  • Sen. Ron Wyden calls for surveillance policy shift Friday, 15 Aug 2014 | 2:47 PM ET

    PORTLAND, Ore.— When it comes to searches by law enforcement, U.S. In a speech Friday at a Portland tech conference, the Oregon Democrat called for updates to the rules by which intelligence agencies operate, and said he plans new legislation aimed at ending bulk electronic surveillance.

  • SAN FRANCISCO, Aug 15- FedEx Corp faces a new charge of conspiring to launder money in a U.S. criminal case over the company's drug deliveries for rogue online pharmacies despite warnings from law enforcement.

  • LONDON, Aug 15- Iraqi Kurdistan has delivered its third major cargo of crude oil out of a Turkish port and a fourth is sailing to Croatia, showing the autonomous region is finding more buyers despite legal pressure from Baghdad and setbacks in the United States.

  • California moves to keep film production at home Friday, 15 Aug 2014 | 12:45 PM ET

    LOS ANGELES— Hoping to keep film production in California, lawmakers have moved to quadruple tax subsidies for location shoots. The state Senate Appropriations Committee approved a bill Thursday that would boost total subsidies to $400 million a year, the Los Angeles Times reported.

  • Post-election committee leadership changes and growing momentum behind bipartisan fixes may lead to tweaks to the 2010 Dodd-Frank law for the smallest community banks, larger firms such as PNC Financial Services of Pittsburgh and Regions Financial of Birmingham, Alabama, and insurers, lobbyists and congressional staffers said.

  • BUENOS AIRES, Aug 14- Argentina's government will use an anti-terrorism law for the first time to seek criminal charges against a U.S.-based international printing firm which closed its Argentine plant without warning, the president said on Thursday.

  • Assembly passes bill expanding franchisee rights Thursday, 14 Aug 2014 | 4:22 PM ET

    SACRAMENTO, Calif.— A bill that generated spirited debate over the leverage corporations such as McDonald's and Subway can hold over their franchise owners narrowly passed the Assembly on Thursday. Hannah-Beth Jackson, D- Santa Barbara, was inspired by stories of small-business owners who say they had their livelihoods taken away.

  • US fund says no deal to end Argentina default Thursday, 14 Aug 2014 | 10:38 AM ET

    BUENOS AIRES, Argentina— Negotiations have apparently ended without success on a private-sector deal to end the legal battle that forced Argentina into default last month for the second time in 13 years.

  • Californians to vote on $7.5 billion water plan Thursday, 14 Aug 2014 | 12:05 AM ET

    SACRAMENTO, Calif.— Driven to action by the state's historic drought, California lawmakers on Wednesday voted to place a $7.5 billion water plan before voters in November. After weeks of difficult negotiations, the ballot measure sailed through both houses of the Legislature: 77-2 in the Assembly and 37-0 in the Senate.