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  • UPDATE 2-Avon expects profit from N. America in 2015 Thursday, 31 Jul 2014 | 12:30 PM ET

    *Q2 revenue falls 13 pct, but Brazil improves. The cosmetics maker said in June it would cut about 600 jobs, largely in its North America unit, and said it expected restructuring efforts to save about $50- $55 million a year.

  • BUENOS AIRES, July 31- Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, as focus turned to whether big banks and funds would request the declaration of a "credit event".

  • BUENOS AIRES, July 31- Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could eventually be reached.

  • BUENOS AIRES, July 31- Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could eventually be reached.

  • In hedge fund, Argentina finds relentless foe Thursday, 31 Jul 2014 | 6:44 AM ET
    Paul Singer, founder and president of Elliott Management Corp.

    Billionaire Paul Singer's hedge fund has managed to force Argentina into a position where it now has to contemplate a humbling surrender. The NYT reports.

  • BUENOS AIRES, July 31- Argentina defaulted for the second time in 12 years after hopes for a midnight deal with holdout creditors were dashed, setting up stock and bond prices for declines on Thursday and raising chances a recession could worsen this year.

  • Argentina defaults and its stocks …rise? Thursday, 31 Jul 2014 | 1:23 AM ET
    Protestor Francisco Sobrero holds a sign that translates as 'Vultures! Don't take our pound of meat' outside the office building of mediator Daniel Pollack July 30, 2014 in New York.

    Usually a sovereign default is negative for a country's markets, but Argentina's markets have rallied to 20-year highs despite the overhanging threat.

  • Default fuels uncertainty, stock drop in Argentina Thursday, 31 Jul 2014 | 12:07 AM ET

    BUENOS AIRES, Argentina— Stocks fell sharply in Argentina on Thursday as the country defaulted on its bills for the second time in 13 years, raising fears the move could diminish foreign reserves, stoke inflation and drive the economy deeper into recession.

  • *Settlement talks in New York end without agreement. *Pollack says Argentina default' imminent'. BUENOS AIRES/ NEW YORK, July 30- Argentina will default on its debt within hours after talks with holdout creditors broke down on Wednesday.

  • *Settlement talks in New York end without agreement. *Pollack says Argentina default' imminent'. BUENOS AIRES/ NEW YORK, July 30- Argentina faces its second default in more than 12 years after talks with holdout creditors failed on Wednesday.

  • *Pollack says Argentina default' imminent'. BUENOS AIRES/ NEW YORK, July 30- Argentina failed to strike a deal to avert its second default in more than 12 years after talks with holdout creditors ended without a settlement on Wednesday.

  • July 30- Yelp Inc, the operator of consumer review website Yelp.com, reported its first quarterly profit as a public company, shrugging of analyst forecasts of a loss as small business customers spent more on advertising. Yelp shares fell as much as 3 percent in extended trading, before recovering most of the lost ground.

  • *Settlement talks in New York continue. *Tuesday's talks were first between hedge funds and Argentina. BUENOS AIRES/ NEW YORK, July 30- Argentina was in a race against time on Wednesday to cut a deal by the end of the day with holdout investors suing it and avert a default, as a surge in the country's bond prices fed optimism that an agreement was possible.

  • July 30- Yelp Inc, the operator of consumer review website Yelp.com, reported its first quarterly profit as a public company, shrugging of analyst forecasts of a loss, as it won more small businesses customers. Yelp, which listed almost three years ago, competes with internet search engines from Google Inc, Yahoo Inc and Microsoft Corp's Bing.

  • Argentines shrug off risk of default Wednesday, 30 Jul 2014 | 2:25 PM ET

    BUENOS AIRES, Argentina— In 2001, it was ground zero for Argentina's financial earthquake. It was no matter that Gurof lost his life savings in 2001, when Argentina stopped payment on more than $90 billion in bonds.

  • *Tuesday's talks were first between hedge funds and Argentina. BUENOS AIRES/ NEW YORK, July 30- Argentina was in a race against time on Wednesday to cut a deal by the end of the day with holdout investors suing it and avert a default, as a surge in the country's bond prices fed optimism that an agreement was possible.

  • BUENOS AIRES, July 30- Argentina was in a race against time on Wednesday to cut a deal by the end of the day with holdout investors who are suing it and to avert its second debt default in a little over a decade. Here are some of Argentina's crises through history:.

  • Argentina heads into default as debt talks fail Wednesday, 30 Jul 2014 | 12:14 PM ET

    NEW YORK— Talks aimed at averting Argentina's second default in 13 years ended with bitter recriminations Wednesday as the South American country said it could not accept a deal with U.S. hedge fund creditors it dismisses as "vultures."

  • Superior Industries to shutter Rogers plant Wednesday, 30 Jul 2014 | 9:28 AM ET

    ROGERS, Ark.— Superior Industries International Inc. announced Wednesday it would shutter its manufacturing plant in Rogers, eliminating 500 jobs. Work done at the Rogers plant will be shifted to other Superior facilities in Fayetteville and in Chihuahua, Mexico, the company said.

  • Argentina looks to avert default as deadline looms Wednesday, 30 Jul 2014 | 8:40 AM ET
    A man looks at a poster placed on an advertising board that reads "Yesterday, Braden or Peron - Today: Griesa or Cristina", in Buenos Aires July 29, 2014. Argentine debt negotiators held talks in New York on Tuesday with the U.S. mediator in the South American country's battle with holdout investors, in a last-ditch attempt to avert a default.

    Argentina faces a race against time on Wednesday as its deadline to strike a deal and avert a second default in 12 years approaches.