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Argentina fails to reach debt agreement, default imminent

07/30/14 5:50 pm

BUENOS AIRES/NEW YORK (Reuters) - Argentina faces its second default in more than 12 years after talks with holdout creditors failed on Wednesday.






House Republicans vote to sue Obama over healthcare law

07/30/14 4:46 pm

WASHINGTON (Reuters) - The Republican-led U.S. House of Representatives on Wednesday cleared the way for the launch of a lawsuit accusing President Barack Obama of overstepping his authority in carrying out his signature healthcare law.

Argentina fails to reach debt agreement, default looms

07/30/14 4:10 pm

BUENOS AIRES/NEW YORK (Reuters) - 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.






Carnage at U.N. school as Israel pounds Gaza Strip

07/30/14 4:05 pm

GAZA/JERUSALEM (Reuters) - Israeli shelling killed at least 15 Palestinians sheltering in a U.N.-run school and another 17 near a street market on Wednesday, Gaza's Health Ministry said, with no ceasefire in sight after more than three weeks of fighting.






Moscow fights back after sanctions; battle rages near Ukraine crash site

07/30/14 4:03 pm

MOSCOW/KIEV (Reuters) - Russia fought back on Wednesday over new U.S. and EU sanctions imposed over Ukraine even as G7 leaders warned of further steps, while Ukraine's government accused pro-Russian rebels of placing land mines near the site of a crashed Malaysian airliner to prevent a proper investigation.

Bank of America ordered to pay $1.27 billion for 'Hustle' fraud

07/30/14 1:44 pm

NEW YORK (Reuters) - A federal judge on Wednesday ordered Bank of America Corp to pay a $1.27 billion penalty for fraud over shoddy mortgages sold by the former Countrywide Financial Corp.

U.S. economy back on track with strong second-quarter rebound

07/30/14 1:29 pm

WASHINGTON (Reuters) - The U.S. economy rebounded sharply in the second quarter as consumers stepped up spending and businesses restocked, putting it on course to close out the year on solid footing.






Temporary ceasefire in Tripoli, 75 bodies found in Benghazi

07/30/14 10:36 am

BENGHAZI/TRIPOLI (Reuters) - Rival Libyan militias fighting for control of Tripoli's airport agreed to a temporary ceasefire on Wednesday to allow firefighters to try to control a huge blaze at a fuel depot hit by a rocket.






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