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Argentina defaults but investors see eventual deal possible

BUENOS AIRES (Reuters) – 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. After a … Continue reading

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LinkedIn forecasts strong quarter, driven by hiring business

(Reuters) – Corporate networking site LinkedIn Corp (LNKD.N) forecast better-than-expected adjusted profit and revenue in the current quarter, helped by a rapid rise in its hiring business. Shares of the company rose as much as 15 percent to $208 in … Continue reading

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Action camera maker GoPro reports bigger loss as costs double

(Reuters) – GoPro Inc (GPRO.O), which makes wearable cameras used by surfers, skydivers and other action junkies to post their exploits online, reported a bigger quarterly loss as costs nearly doubled. GoPro shares fell 9.3 percent to $43.50 in extended … Continue reading

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S&P 500 posts worst day since April; indexes down for month

NEW YORK (Reuters) – The SP 500 posted its worst daily decline since April and first monthly drop since January on Thursday as economic data sparked concern that the Federal Reserve could raise interest rates sooner than some have expected. … Continue reading

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EU adopts toughest Russian sanctions yet, targets five Russian banks

BRUSSELS (Reuters) – The European Union has published a law that will curb arms sales to Russia and to cut off financing for five major Russian banks over Moscow’s support for rebels in Ukraine. Russia has denounced the measures, agreed … Continue reading

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Lawyers expect hundreds of claims at start of GM ignition-switch fund

NEW YORK (Reuters) – Several hundred claims are expected to be filed at the start of a GM-financed program being launched Friday to compensate victims of a faulty ignition switch on some of its vehicles, lawyers say. General Motors Co … Continue reading

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WTO fails to agree global trade deal, Azevedo says

GENEVA (Reuters) – The World Trade Organization failed on Thursday to reach a global deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India’s demands for concessions on … Continue reading

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Tesla posts $61.9 million loss as second-quarter sales climb

DETROIT (Reuters) – Tesla Motors Inc, the California-based maker of luxury electric cars, said Thursday it lost $61.9 million, or 50 cents a share, in the second quarter, as revenue nearly doubled to $769.3 million. The automaker has been spending … Continue reading

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Amazon quickens push into tough local services market

SAN FRANCISCO (Reuters) – Seattle audio and video technician Todd Mueller showed up last year for what might have been a routine job except for one thing: Amazon.com Inc (AMZN.O) was taking notes. As he mounted a flat-screen TV on … Continue reading

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Dollar shines, U.S. yields surge on upbeat U.S. data

TOKYO (Reuters) – The dollar stayed strong and U.S. bond yields held firm on Thursday after data showed solid U.S. economic growth, even as the Federal Reserve repeated its message that it is in no hurry to raise interest rates. … Continue reading

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